SPUR Supports SB 5 to Create a Housing and Development Investment Program

Policy Letter May 23, 2019

SPUR supports Senate Bill 5, which would create an Affordable Housing and Community Development Investment Program housed at the state. SB 5 is structured to make significant affordable housing and community development dollars available immediately. Fifty percent of the funding overall and 50 percent of a given local agency’s funding would be required to be spent on affordable housing. While SB 5 is not a new source of funding, it is an important commitment from the state general fund toward important affordable housing and community development needs across the state.

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