New state bill could boost funding for affordable housing near transit
“A new bill working its way through the state legislature could provide California cities with more funding for affordable housing and public transit projects. Senate Bill 961, drafted by state Sen. Ben Allen (D-Santa Monica), has already cleared two legislative committees without a single no-vote. It would allow a portion of tax revenue from businesses and properties around rail stops and major bus lines to pay for affordable housing, parks, new stations, and streetscape improvements.”