As you know, on December 29, 2011, the California Supreme Court delivered its decision in the California Redevelopment Association v. Matosantos. The court upheld the constitutionality of AB1x 26, the bill dissolving redevelopment agencies, and declared unconstitutional AB1x 27, the bill that would have allowed redevelopment agencies to continue to exist through an alternative redevelopment program. Pursuant to the California Supreme Court’s opinion upholding AB1x 26, redevelopment agencies will be dissolved effective February 1, 2012 and all housing functions of the redevelopment agency will be transferred to either (a) the city, county or city and county that authorized the creation of the redevelopment agency; (b) the local housing authority; or (c) the California Department of Housing and Community Development.
Download the PDF: “Immediate Actions For Developers After CRA v. Matosantos“