CONTACT: Mike McCoy (916) 324-6665
SACRAMENTO—The California Strategic Growth Council today unanimously approved $121.9 million in competitive grants and loans to 28 housing and transit-friendly infrastructure projects that reduce greenhouse gas emissions contributing to climate change.
Today’s awards are part of the Affordable Housing and Sustainable Communities Program, which is being implemented by the Department of Housing and Community Development in coordination with the Strategic Growth Council and California Air Resources Board. California Climate Investments are programs funded by the Greenhouse Gas Reduction Fund using proceeds from the state’s cap-and-trade auctions.
These grants and loans help reduce greenhouse gas emissions by supporting more compact, infill development patterns, encouraging active transportation and transit usage, and protecting agricultural land from sprawl development. This year’s 28 recommended projects leverage nearly six to one in matching funds and will reduce an estimated 723,286 metric tons of greenhouse gas emissions—the equivalent to taking 140,483 cars off the road for one year.
Fifty-two percent of the recommended projects include transit-oriented developments, which include both housing and transportation capital improvements and at least one transit station or stop served by high-quality transit. More than $31 million in funding, or approximately 25 percent, supports bicycle and pedestrian infrastructure, transit station area improvements, transit service and other connectivity between housing and communities.
The selected projects represent dozens of diverse communities from all over the state of California. Seventy-seven percent of this year’s recommended grants benefit disadvantaged communities. By law, at least 50 percent of funding must be dedicated to affordable housing and benefit disadvantaged communities. In addition, these recommended projects will support the development of more than 2,000 affordable housing units to support a range of incomes and populations across the state.
The 28 projects are part of a larger statewide commitment to investing in sustainable communities and public transportation. Along with the Affordable Housing Sustainable Communities Program, SGC in conjunction with the California Natural Resources Agency, also awarded $4.6 million in awards to the Sustainable Agricultural Lands Conservation program.
In 2014, Governor Edmund G. Brown Jr. signed the Budget Act of 2014, which appropriated $832 million in cap-and-trade auction proceeds to reduce greenhouse gas emissions, strengthen communities, and improve quality-of-life. Under this program, Caltrans will soon announce approximately $24 million in low-carbon transportation grants to transit operators across California while the California State Transportation Agency announces $224 million in grants for the Transit and Intercity Rail Capital Program.
For a complete list of selected projects, click here.