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Community Development Commission seeks stability as general liability premiums erode affordable housing leverage
Summary
CDC presented a $111 million FY25–26 operating budget and warned that soaring general liability (GL) insurance premiums are forcing flexible housing dollars away from development, reducing the agency’s ability to leverage private capital for affordable housing.
The Community Development Commission (CDC) on Wednesday described a $111 million preliminary operating budget for 2025–26 and warned supervisors that steep increases in the county’s general liability premiums threaten the agency’s ability to fund affordable housing projects.
Commission leaders showed examples of recently completed projects — including a 164‑unit mixed‑income development at 2150 West College Avenue — and explained how restricted state and federal funding drives most CDC work.…
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