The state has released new guidance for local governments that will help them better understand what is required in order for them to access funding through Proposition 123, including:
- Establishing an affordable housing baseline (a.k.a. how many affordable housing units a locality currently has)
- What a commitment to a 3% increase in affordable housing stock would look like
- Whether an expedited housing approval process is needed for them to opt in
- The timeline for localities to opt in
Click the button below to learn more.
Want to take a deeper dive? RMP is hosting sessions with elected officials from across the region to dive into this information as it continues to be updated and released. Learn more HERE.