California AB2308 authorizes the successor agency to the Redevelopment Agency of San Francisco to issue bonds and incur debt for affordable housing.

California AB2308 amends the Health and Safety Code to allow the successor agency to the Redevelopment Agency of the City and County of San Francisco to issue bonds and incur debt for specific projects. The successor agency can finance the development, construction, repair, renovation, or reconstruction of up to 5,842 units of affordable housing. It can also finance the infrastructure required by the Transbay Implementation Agreement. The bonds and debt must be repaid from property tax revenues in the Redevelopment Property Tax Trust Fund.

California AB2308 authorizes the successor agency to the Redevelopment Agency of San Francisco to issue bonds and incur debt for affordable housing.

California AB2308 amends the Health and Safety Code to allow the successor agency to the Redevelopment Agency of the City and County of San Francisco to issue bonds and incur debt for specific projects. The successor agency can finance the development, construction, repair, renovation, or reconstruction of up to 5,842 units of affordable housing. It can also finance the infrastructure required by the Transbay Implementation Agreement. The bonds and debt must be repaid from property tax revenues in the Redevelopment Property Tax Trust Fund.