California Invests $757 Million to Create Affordable Housing and Clean Transportation
California Department of Housing and Community Development Newsroom August 30, 2023
https://www.hcd.ca.gov/about-hcd/newsroom/california-invests-757-million-to-create-affordable-housing-and-clean-transportation
Investment will create more than 2,500 affordable homes, 150 zero-emissions buses, and over 50 miles of new bikeways; will reduce 800,000 metric tons of greenhouse gas emissions, equal to removing 178,000 gas-powered cars off CA's roads for one year.
Why It Matters: As cities around the country wrestle with how to rebuild communities, California is moving forward with a vision for the state’s future, investing more than $750 million to create more affordable housing and clean transportation. Today’s announcement is part of Governor Gavin Newsom’s call to make coordinated investments that advance the state’s housing and climate goals while attracting additional federal and private funds into our communities.
What the Governor said: “California is reimagining communities around the state to address the ways our cities are changing – adapting to climate change and addressing housing scarcity. These investments will help cut carbon pollution and build more affordable housing as we look forward to a clean energy future.”
WooHoo!