Affordable housing bond falling short
July 29th, 2005 | Published in Public Records, State Data
John Hill of the Sacramento Bee found that a $2.1 billion bond California voters approved to provide affordable housing hasn’t delivered. “With the pot more than half gone, a Bee investigation has found that what taxpayers are getting falls far short of those promises – a reality that takes on added importance as California officials face the prospect of finding a fresh source of revenue,” Hill wrote. The bond program’s claims of success rest on a series of claims that don’t withstand scrutiny, and officials are claiming more affordable housing has been created than was actually built.