On Tuesday Jerry Brown released the “May Revise,” updating his January budget to take into account April’s income tax receipts. The Revise contains no new proposals on housing: With Cap-and-Trade, affordable housing in transit-oriented development remains an eligible use as part of $100M allocated to the SGC, but with no specific set-aside. The $80M in Cap-and-Trade revenues to fund the existing weatherization program at the Department of Community Services and Development also remains.
The Governor also slightly revised his proposal to make it easier to form IFDs. A key component that remained unchanged from the Governor’s original language was the requirement that any city or county forming an IFD must first resolve any pending litigation over the redevelopment dissolution process, which many housing advocates considered a non-starter.