Courthouse News Service reports on Santa Clara County’s affordable housing bond approved to appear on the November ballot to create opportunities to develop safe, affordable homes for all of our community members, including our homeless, seniors, veterans, people with disabilities, and low-income families.
“Leaders in the nonprofit sector who run organizations dedicated to addressing Silicon Valley’s housing crisis also say California’s ending of county redevelopment agencies during the state budget crisis earlier in the decade has compounded the problem.
“With the loss of significant funding for affordable housing — the largest being the elimination of redevelopment funding that brought $60 million annually to Santa Clara County cities — few resources are available to finance the development of new affordable housing,” said Leslie Corsiglia, executive director of SV@Home, a nonprofit that advocates for affordable housing in the region.
Corsiglia and a consortium of other related nonprofits and private affordable-housing developers signed a letter expressing support for the general obligation bond.
“If placed on the ballot and subsequently approved by the county’s voters, these funds will create housing opportunities for thousands of county residents who are struggling to afford the high cost of living in the South Bay,” the letter states.”
Read the coalition letter, signed by dozens of agencies and convened by SV@Home, cited in this article here.
Read the full article via Courthouse News Service.