A new bill working its way through the state legislature could provide California cities with more funding for affordable housing and public transit projects.

Senate Bill 961, drafted by state Sen. Ben Allen (D-Santa Monica), has already cleared two legislative committees without a single no-vote. It would allow a portion of tax revenue from businesses and properties around rail stops and major bus lines to pay for affordable housing, parks, new stations, and streetscape improvements.

The measure wouldn’t raise taxes, but would allow cities and counties to use a portion of future tax revenue collected in designated transit zones for specific types of projects.

The bill ensures, for instance, that 40 percent of the money be spent on low-income housing. Of that, half would be set aside for developments geared toward homeless residents.

Read More: https://la.curbed.com/2018/5/14/17352820/california-sb-961-affordable-housing-transit-development