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Business, Transportation, and Housing
Department of Housing and Community Development
The Budget includes $1.2 billion ($15.8 million General Fund) and 599 positions to fund the state's housing assistance programs. This is an increase of $690.9 million over 2006-07.
PROPOSITION 1C IMPLEMENTATION
The Housing and Emergency Shelter Trust Fund Act of 2006, enacted in November 2006, authorizes $2.8 billion to improve housing opportunities in the state. The Department of Housing and Community Development awarded $166 million for existing programs in 2006-07 and expects to make awards totaling $808 million in 2007-08 for the following program areas:
- Affordable homeownership programs - $88 million to help families become or remain homeowners.
- Affordable rental housing construction - $140 million to provide affordable rental housing for the state's lower income workforce, the elderly, disabled, and veterans.
- Housing for farmworkers - $40 million for new rental housing and affordable home ownership opportunities for farmworker families.
- Permanent housing for the homeless - $95 million to build permanent housing for the homeless, those transitioning out of homelessness, and emancipated foster care youth.
- Homeless shelter housing - $10 million to construct and expand shelters of last resort and transitional housing for the homeless.
- Building Equity and Growth in Neighborhoods (BEGIN) - $40 million for grants to cities and counties to make deferred-payment second mortgage loans to qualified buyers of new homes.
- Transit-oriented development - $95 million to develop and construct new housing close to transit stations.
- Infill Incentive Grants - $300 million for a competitive-based grant program to construct critical infrastructure that will stimulate the construction of new housing in existing neighborhoods and encourage efficient land use and development.
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CHAPTER HIGHLIGHTS for
Business, Transportation, and Housing Back to Top
PRINTABLE BUDGET DOCUMENTS Back to Top
Enacted Budget Summary - Business, Transportation, and Housing (pdf * - 26K) - Provides the entire Business, Transportation, and Housing Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Enacted Budget Detail - Business, Transportation, and Housing
Displays Enacted Budget Detail information for Business, Transportation, and Housing.
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