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Tuesday, January 17, 2012

Losing Redevelopment is a Game Changer

From SFGate,
Six decades ago, redevelopment agencies were formed across the state to revitalize blighted neighborhoods and create low-income housing. By Feb. 1, as a new state law requires, all 400 of them will be gone.

Killing off a multibillion-dollar program is a messy, unprecedented process. The way it unfolds depends on the city - and the day.

...cities can continue with projects that are significantly under way. In San Francisco, for instance, Mission Bay, Hunters Point Shipyard and parts of the Transbay Terminal project can keep going. Under a proposal before the Board of Supervisors, the city would take over low-income housing, local hiring efforts and neighborhood revitalization programs.
Read more at SFGate

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