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SM Daily Journal News Item: Fee proposed to support affordable housing

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  • Kevin Turner
    With the recent dissolution of more than 400 redevelopment agencies across the state, support for affordable housing will be diminished by at least $1 billion
    Message 1 of 1 , Apr 23, 2012
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      With the recent dissolution of more than 400 redevelopment agencies across the state, support for affordable housing will be diminished by at least $1 billion annually.

      To make up the shortfall, a Bay Area lawmaker is proposing to impose a $75 fee on documents recorded by real estate agents in the state to raise about $700 million annually.
      http://www.smdailyjournal.com/article_preview.php?id=232884&title=Fee%20proposed%20to%20support%20affordable%20housing
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