Making borrowing easier: Amendment to state constitution could unlock billions of dollars for California housing

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CA's constitution doesn’t make it easy for local governments to issue IOUs. A coalition of housing developers, unions, local govts. & pro-housing groups want to change that for taxes and bonds to fund affordable housing and infrastructure. 📝 FromBenC

Aguiar-Curry, who used to be the mayor of semi-rural town of Winters, said her measure may help cure some of the defects she sees with those colossal statewide bonds that often most benefit bigger cities.

Become a CalMatters member today to stay informed, bolster our nonpartisan news and expand knowledge across California.“If we’re gonna do these big statewide efforts, ensuring the locals also do their piece and have the tools they need to meet us halfway is really important,” he said. That’s been a major source of fiscal frustration for cities and counties. But for the last two decades, school districts have been the exception. Thanks to Proposition 39, a

Assemblywoman Cecilia Aguiar-Curry at a press conference during a visit to Las Casitas mobile home park in American Canyon on Oct. 30, 2019. Photo by Anne Wernikoff for CalMatters

 

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