At Tuesday night’s City Council meeting the City Council Ad-Hoc Subcommittee on Redevelopment is recommending council support three redevelopment agency wind down bills that could prevent millions of dollars being lost by the city.
Three bills, SB 654, SB 986 and AB 1585, have been amended or introduced to the legislature in Sacramento to make technical fixes to AB1X 26 that eliminated redevelopment agencies.
Senate Bill 654, authored by Senate President Pro Tem Darrell Steinberg would allow the City of Santa Clarita, as the successor agency to the dissolved redevelopment agency, to keep nearly $9 million in housing funds to “increase, improve, and preserve supplies” of low and moderate income housing.
Specifically Santa Clarita would retain $8,896,406 to be used toward construction of affordable housing in Newhall.
“We actually have a development called the Newhall Avenue Development that would provide for affordable housing on Newhall Avenue and what we would be able to do is utilize that funding towards that project,” said Armine Chaparyan, Redevelopment Manager for the City of Santa Clarita.