Culver City Hands Over More Than a Quarter Million Dollars to the State

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. 

Views: 108

Comment

You need to be a member of Culver City Times to add comments!

Join Culver City Times

The Culver City Times is the news and social network for Culver City.  Stay informed.  Join now!

      • Got news you think everyone should know? Blog it.

• Have a show or attending a benefit? Put it on the calendar.
• Got video of the big game? Embed it.
• Photos of your business or the school play? Upload them.

For daily updates

Enter your email address:

Delivered by FeedBurner

Latest Activity

Ted Wolfe is now a member of Culver City Times
Thursday
Donald Shapiro posted a photo
Thursday
Zeyda Martinez posted an event

Kids Like Me After School Enrichment Classes at The Help Group

January 8, 2018 from 4pm to 5:15pm
Tuesday
Donald Shapiro posted photos
Monday
Rock On posted a blog post
Monday
Miriam Billington posted an event
Thumbnail

Morgan-Wixson Theatre at The Morgan-Wixson Theatre

January 20, 2018 at 8pm to February 11, 2018 at 2pm
Dec 10
Donald Shapiro posted a photo
Dec 7
Donald Shapiro posted a photo
Dec 4

© 2017   Created by Culver City Times.   Powered by

Badges  |  Report an Issue  |  Terms of Service