The Online Community for Culver City – The New Scene
The Los Angeles Times recently ran a story about how cities throughout California had until December 21 to turn over funds raised by now-defunct redevelopment agencies for affordable housing. According to Culver City Economic Development Manager Kriss Casanova, Culver City sent a check for $285,740 to the state.
Redevelopment agencies had been required to set aside 20 percent of their revenue for affordable housing projects. These were the funds that had to be handed over to the state. The city of Los Angeles' former redevelopment agency paid more than $35 million, after negotiating the state down from $44 million. Santa Ana refused to hand over the $56 million the state says it owes -- setting up what promises to be a long legal battle.