Funding Models with Carol Galante, President of Bridge Housing
July 14, 2008
Having co-chaired California’s successful bond measure campaign which allocated $2.85B for affordable housing, Carol Galante, President of Bridge Housing, understands the need for a permanent funding source. In this episode of the Affordable Housing podcast, Carol explains how the current model is complex and inefficient, with funding provided by multiple sources on a per project basis. She explores potential approaches for creating a permanent funding source including adding statewide recording fees when properties are sold and/or increasing the fees that local redevelopment agencies pay to the state.