A bill moving through the California Legislature would allow Los Angeles County to use public funds to purchase lots ravaged by wildfires and build low-income housing.
“Senate Bill 549 would allow property taxes to fund what lawmakers are calling ‘Resilient Rebuilding Authorities’ that could buy ruined land and obtain loans to rebuild that will require at least 40% of their funding be earmarked for building multi-unit low-income housing on lots where single family homes once stood in Altadena, Pacific Palisades, Malibu and other devastated areas,” Los Angeles Magazine wrote.
The California Senate has already passed the legislation.
LA County would buy fire-ravaged land for low-income housing projects under new billhttps://t.co/gDubxxmuoi
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More info from Los Angeles Magazine:
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