Assemblymember David Chiu Statement on Assembly Budget Plan to Invest $650 Million in Affordable Housing
Assemblymember David Chiu (D-San Francisco) released the following statement on the Assembly’s proposal to invest $650 million in the FY 2016-17 Budget to address California’s affordable housing crisis.
“This funding would be the most significant state investment in affordable housing since the elimination of redevelopment and the loss of billions of crucial dollars each year. Funding affordable housing will help us address poverty in California, which is the highest in the nation when housing costs are included. It’s heartening to see that so many of my colleagues, including Speaker Anthony Rendon, Budget Chair Phil Ting, Budget Subcommittee Chair Adrin Nazarian, are committed to the state’s vital role in building housing that is affordable to our lowest income working families.