
From what we can tell based on the press conference this week, the governor’s budget assumes the Low and Moderate RDA Housing Funds (L&M) will be swept to local taxing entities. We’re working on a back-up plan with the State Assembly to preserve at least the amount needed for development in 2012-13 and, hopefully, 2013-14. To determine these figures, we need additional information from any organizations with threatened projects.




