California has an increasing need for affordable housing but not enough public dollars to fund that need. In response to a growing affordability crisis, the State Legislature is paying closer attention to existing funding sources and housing assets. This means housing successors are under increased scrutiny to maximize their assets on a local level. Even agencies caught up with local reporting need to think ahead to leverage assets and remain in compliance.
Are you sure your housing successor complies with the law? Are there outstanding items you need to address? RSG will be sending each of our housing successor clients a Housing Diagnostic that evaluates your agency’s needs and identifies steps to maximize assets, assist low income households, and ensure future compliance. Meeting income and age targets, taking action to dispose of or develop properties, spending funds to avoid an excess surplus, and SB 35 streamlining are a sample of the topics covered. Producing results is more important than ever as HCD and State legislators take a closer look at existing housing funds. If RSG does not consult your housing successor but you are interested in a diagnostic, contact Suzy Kim, Senior Associate, at [email protected] or (714) 316-2116.