On May 6, 2017, voters approved Proposition 6 for the City’s 2017-2022 Bond Program, authorizing the city to issue bonds in the amount of $20 million to acquire real property within the City Council approved 12 Neighborhood Improvement Areas. The Neighborhood Improvements Bond funds will be used to facilitate private sector and/or non-profit development of single-family, multi-family or mixed-use affordable/workforce housing consistent with the 2017 Urban Renewal Plan. This program is designed to serve low-to-moderate income working families with a required minimum of half of the housing units serving families earning 80% of the Area Median Income or less, allowing these families to eliminate the cost-burden of today’s housing and rental prices.
