Staff Analysis of the Legislation
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The bill replaces the term "blight" with "development impediment." If an agency uses urban renewal area funds or CRA housing funds the agency must adopt a housing plan that shows how it will use the housing allocation. An agency is not required to develop a separate plan if the agency is using the funds to implement the moderate income housing element of the general plan. The substitute bill removed the language that defined a "limited purpose taxing entity" (a school district or special service district) and required it to participate in an interlocal under certain circumstances.
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Substitutes “development impediment” for “blight” under 17C and changes corresponding statutes (10-8-2 and general plan)
- If an agency uses urban renewal area funds or CRA housing funds, before using the housing allocation, the agency must adopt a housing plan that shows how it will use the housing allocation to accomplish (the purposes of this section). Not required to do a separate plan if the agency is implementing the MIH element of the general plan.
- Defines “limited purpose taxing entity” – school district or special service district
- LPTE shall execute an interlocal agreement with an agency if the agency has an interlocal with the city or county, allocates at least 20% of the project area funds to housing, and has adopted a housing plan. The agreement with the LPTE must be similar to the agreement with the city.
- Removes the requirement that a TEC must approve a determination of blight (development impediment) before the agency adopts a CRA plan.
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