California lawmakers are considering legislation that would spur the creation of development districts to build affordable housing and homeless complexes in areas scorched by the Palisades and Eaton wildfires.
The state Assembly’s local government committee members will hold a hearing July 16 on Senate Bill 549, which modifies the Second Neighborhood Infill Finance and Transit Improvement (NIFTI) Act of 2018. The so-called NIFTI-2 districts are designed to receive local sales and use tax revenue, but if SB 549 passes, they'll receive property tax revenue instead, a broader funding base.
