featured graphic for California State Treasurer Fiona Ma

State Treasurer coming to Buena Park for public meeting on housing needs

This Friday, California Treasurer Fiona Ma will begin touring 10 cities as she continues to explore ways to revamp state regulations that play a critical role in deciding how affordable housing projects get chosen and receive development incentives.

She will hold public meetings in:

  • Riverside and Los Angeles (June 14);
  • San Diego and Buena Park (June 20);
  • Bakersfield and Oxnard (June 24);
  • Redding and Sacramento (June 27);
  • Fresno and San Jose (June 28).

Meeting times and locations are listed here: http://bit.ly/June2019HousingTours

This is her second housing tour this year. In January, Treasurer Ma went to five cities as part of a “general housing needs” listening road show. Now she is taking a wider swing through California and delving deeper in to the issues.

“My goal is to help everyone to have a roof over their heads; that they are not forced to leave their homes because of rising costs, and help people attain affordable housing – be it either renting or owning,” said Treasurer Ma. “This tour is about hearing what obstacles are in the way, including cumbersome regulations that may need to be changed.”

The State Treasurer chairs the governing boards of the California Debt Limit Allocation Committee (CDLAC) and the California Tax Credit Allocation Committee (CTCAC), two of the state’s principal mechanisms for stimulating the construction of affordable housing. In 2017, CDLAC’s allocation for tax-exempt bonds helped to finance more than 12,000 units of housing, including more than 10,000 affordable units, and assisted over 2,000 new homebuyers. In 2017, CTCAC’s three Federal Credit Awards programs provided financing for more than 13,000 low-income housing units.

This article was released by the California State Treasurer’s Office.