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Assembly subcommittee presses HCD on budget proposal that shows $0 for new housing production
Summary
At a California State Assembly Subcommittee No. 5 hearing, Department of Housing and Community Development officials outlined recent housing production gains and available funding pipelines while members criticized a governor's budget proposal that, as presented, contains no new general‑fund dollars for housing production.
The California State Assembly Subcommittee No. 5 on State Administration heard a department overview Wednesday from the Department of Housing and Community Development and a string of lawmakers and housing advocates pressing the administration over a January budget proposal that, as presented to the panel, included $0 in new general‑fund spending targeted specifically to new affordable housing production.
HCD Chief Deputy Director Zach Olmstead told the subcommittee that construction activity has increased in recent years and that funding from multiple programs remains available. "From '22 to '23, housing activity, housing construction was up 13%," Olmstead said, noting the department's data shows substantial activity in affordable and multifamily…
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