Paint Is Free
Redevelopment in California started in 1945 with the enactment of the California Redevelopment Act, which gave cities and counties the authority to establish redevelopment agencies. According to the California Redevelopment Association’s recent publication, there are 408 community redevelopment agencies in predominately urbanized areas in the state. The Association views redevelopment as a “smart growth” approach that encourages infill development in urban areas, creates jobs, and revitalizes old neighborhoods. The Association also attests to the fact that redevelopment agencies, as a group, are the largest provider of affordable housing for California’s low and moderate income families. Redevelopment agencies have been able to accomplish their goals through their powers to assemble property and their ability to receive tax increment revenue. Tax increment is based on the increasing value of the property created by investments made by the redevelopment agency. This funding source provides a way for redevelopment agencies to issu
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Free Program, Maintenance Agreement, Redevelopment Association’s, Fund ERAF, Angeles County, Arts District, North Hollywood, Redevelopment Act, redevelopment agencies, tax increment, Redevelopment California, Redevelopment Project, paint free, paint free program, free program, program’s product cycle, community redevelopment, increment revenue, marginal cost, product cycle, redevelopment agency, tax increment revenue, free paint,
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Approximate Word count = 718
Approximate Pages = 3 (250 words per page double spaced)
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