Description
On February 1, 2012 California Redevelopment Agencies (RDAs) were shut down across the state of California. There were many reasons why this was done. First and foremost, there was a heavy recession in California at the time and Governor Jerry Brown believed the money could be better spent elsewhere. With a significant budget crisis on their hands, the California legislature agreed that putting redevelopment dollars into schools and other areas of government would be a better use of tax payer dollars. This paper will explore the role of redevelopment agencies and what entities, if any, can step in to take their place in the wake of this major development. The main focus of this paper will be on the funding and redevelopment of San Diego affordable housing and exploring whether the activities formally executed by RDAs can continue to exist.
