Eastern Neighborhoods Legitimization Program Could Be Extended
2/3/2012 - David Silverman
The Eastern Neighborhoods Legitimization Program adopted by the Board of Supervisors in December 2008 required applications for legitimization to be submitted to the Planning Department no later than January 19, 2011. Proposed legislation is in the works to potentially extend the period for filing applications for an additional period of time, the length of which is yet to be determined. If such legislation is adopted, owners of property in the Eastern Neighborhoods who missed the original filing deadline would have another opportunity to participate in the program. We are hearing the program would be extended anywhere from three to six…
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The End is Nigh - Redevelopment Agency Dissolves February 1
1/26/2012 - Daniel Frattin
As just about everyone in the real estate business knows, the California Supreme Court recently upheld AB 26, the law dissolving redevelopment agencies statewide. In the same decision, it overturned AB 27, a companion measure that would have allowed agencies to continue operating if they made payments to the state. Over the past month, prognostication about the broad impact of redevelopment’s demise has abounded in the press. Affordable housing production will slump, economic development will suffer, schools will get desperately needed funding, and so on.
Much less attention has been devoted to the nuts and bolts that have kept many…
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