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Assembly Speaker’s bill aims to pump hundreds of millions into affordable housing development




Pedestrians cross the street as construction workers work on the exterior of a commercial and residential building going up in Hollywood, California on January 22, 2014. US housing starts dived almost 10 percent in December from a five-year high but maintained robust growth for the year as the housing market recovers, government data showed last week, as new residential construction fell to a seasonally adjusted annual rate of 999,900 in December.
Pedestrians cross the street as construction workers work on the exterior of a commercial and residential building going up in Hollywood, California on January 22, 2014. US housing starts dived almost 10 percent in December from a five-year high but maintained robust growth for the year as the housing market recovers, government data showed last week, as new residential construction fell to a seasonally adjusted annual rate of 999,900 in December.
FREDERIC J. BROWN/AFP/Getty Images

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In the hopes of tackling an issue that has plagued California metropolitan areas for years, Assembly Speaker Toni Atkins announced a plan to pump hundreds of millions of dollars a year back into local housing development.

It's been hurting since Governor Brown created a $1 billion annual hole when he dissolved redevelopment agencies four years ago.

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Guests:

Toni Atkins (D-San Diego), Speaker of the California Assembly

Senator Bob Huff (R-Diamond Bar), Republican leader of the California State Senate, representing District 29, which stretches from Anaheim to Diamond Bar

Chris Thornberg, Founding Partner, Beacon Economics