By Zelda Bronstein : 48hills – excerpt
Study of housing agency finances veers into politically disputed territory.
The appalling incompetence of California’s state housing agencies was recently a top story in the mainstream media. Documented in “California’s Housing Agencies,” a report issued on November 17 by State Auditor Elaine Howle, the dereliction includes the loss of $2.7 billion in bond money that could have funded affordable housing.
What the mainstream press mentioned only in passing, if at all, is that the report also issues a broadside attack on local land-use authority… (more)
When will they address the fact that the population of California has gone down, not up over the last few months, and that the state may lose a Federal Representative due to the exodus? When will the state authorities alter their expectations for the need for 3.5 million new housing units when we know there are a large number of empties now and rents and property values are going down to meet the falling demand?