SB 961 On Its Way to the Assembly!

Move LA is sponsoring Sen. Allen’s SB 961, which won a unanimous bipartisan 13-0 vote in the state Senate Transportation and Housing Committee this past Tuesday, a week after winning a unanimous vote in Senate Governance and Finance. The bill would enable cities and counties to create special infrastructure finance districts near transit that can collect the property and sales tax increment within the district and bond against that revenue stream without having to seek voter approval—so long as 40% of the funds are used for affordable housing.

Read More: http://www.movela.org/sb9613