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Redevelopment: Building a Better Community
Affordable Housing |
One of the most important roles of a redevelopment agency is to make sure housing is available for everyone in the community. Since 1993, agencies across California have helped to build or improve more than 83,000 high-quality housing units that are priced within the budget of people who live and work in their communities. In fact, redevelopment is the second largest funder of affordable housing in California after the federal government.
Twenty percent of new property taxes collected in a project area must be “set aside” in a Housing Fund and spent to increase, improve, and maintain the supply of housing that is affordable to residents at or below moderate income. In Santa Rosa, “set-aside” tax increment funds are collected annually from all five redevelopment project areas and placed in the City's Housing Trust together with other local fees the City collects from market rate development for affordable housing.
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Expenditure of the Housing Trust fund is managed by the City's Housing Authority, which makes loans for new construction of affordable housing and for rehabilitation of existing affordable units. For example, more than 1,300 affordable housing units citywide have been constructed or rehabilitated with the assistance of redevelopment low and moderate income housing funds from the Santa Rosa Center project area, including three emergency shelters in different parts of the City.
To learn more about Santa Rosa's affordable housing program or about specific affordable housing developments in Santa Rosa, visit the Housing page. |
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