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May 6, 2007

Bay Area fights for affordable housing funds

Filed under: PICO Affiliates, Housing — Fernando Cibrian @ 5:37 pm

Two Bay Area PICO California affiliates fight to create a model fee that will fund local trust funds in two counties. Peninsula Interfaith Action (PIA) and Contra Costa Interfaith Supporting Community Organizing (CCISCO) have begun an effort to change state law so that San Mateo and Contra Costa County, can create a $25 document transfer fee to fund local affordable housing projects. This pilot project if succesfully ratified is projected to raise over $6 million for affordable housing. Several PICO California affiliates have offered their support as they look forward to possibly using this idea to raise funds for their communities.

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