Strategic Growth Council Awards $289 million in Cap & Trade Funds for Transit-Oriented Housing

Wednesday, October 12, 2016

SACRAMENTO – The California Strategic Growth Council has announced the award recipients of nearly $300 million generated from California’s cap and trade greenhouse gas reduction program for the development of transit-oriented housing projects throughout the state.

Award recipients will share $289 million from the Greenhouse Gas Reduction Fund (GGRF) and distributed through the Affordable Housing and Sustainable Communities (AHSC) grant program. The projects are expected to create 2,200 new housing units and reduce greenhouse gas pollution by the equivalent of 350,000 metric tons of carbon dioxide. At least 73 percent of the funds will be awarded to projects in disproportionately-impacted communities as identified by the CalEnviroScreen 2.0.

“California is putting cap and trade funds to work to create badly needed affordable housing, reduce sprawl, and improve traffic and public transit accessibility,” said Senate President pro Tempore Kevin de Leon (D-Los Angeles). “I’m proud that over 73 percent of the funding will go to projects within our most polluted and economically challenged communities, demonstrating our strong commitment to equity and fairness in all of our climate policies.”

Award recipients located in Senate District 24 represented by Senator de León include:

7th & Witmer

Location: Los Angeles, CA

Total Award: $16,760,000

The 7th & Witmer project proposes 76 permanent supportive housing units in a transit-oriented neighborhood of Los Angeles. The project would improve the walking and biking infrastructure surrounding the site by installing pedestrian lights, repairing and replacing street trees and sidewalk, building curb extensions to calm traffic and creating bus zones. A Metro Bike Share Station with 18 bicycles and with two years of startup operations and maintenance for the station is included.

PATH Metro Villas Phase 2

Location: Los Angeles

Total Award: $13,750,183

The second phase of the PATH Metro Villas project proposes the construction of 122 units of LEED-gold rated affordable housing in a High Quality Transit area that is well connected to jobs, services, and amenities. It will provide permanent supportive housing for the chronically homeless living with multiple chronic health considerations – a well-documented need in the area. The project also connects the Beverly/Vermont Metro Red Line subway station with the proposed Virgil Avenue bike lane through sidewalk improvements and the conversion of Oakwood Avenue to a bike enhanced network street.

Read descriptions of all selected projects here.

BACKGROUND

Funding for these projects was generated through the sale of greenhouse gas pollution permits under California’s cap and trade program, and awarded through the California Strategic Growth Council.

The Strategic Growth Council was created under Senate Bill 375, the Sustainable Communities and Climate Protection Act of 2008, to encourage efficient and sustainable urban development. For more information about the AHSC grant program, visit http://sgc.ca.gov/Grant-Programs/AHSC-Program.html.

#ActOnClimate

###