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California Bond Program Helps Cities Secure Middle-Income Housing Without Upfront Cost Back Web Only Dec 18, 2020 By Jared Brey, Next City California, it’s no secret, needs more housing. A new program run by the California Statewide Communities Development Authority is designed to help cities meet their goals for housing middle-income residents, those earning between 80 percent and 120 percent of the area median income. The authority issues tax-exempt bonds to help cities pay for development projects that have some public benefit. Since it was created in 1988...

New California Bond Program Promotes Affordability for Middle-Income Renters The California Statewide Communities Development Authority hopes that a new program, which helps cities purchase rental properties with no upfront cost, will lead to an increase in affordable middle-income housing. December 16, 2020, 9am PST | Diana Ionescu | California's Statewide Communities Development Authority (CSCDA) is launching a new bond program aimed at making housing affordable for middle-income residents. Through its current initiatives, the CSCDA issues bonds that help cities pay for new housing de...