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  • Incentivizing Land Reuse in the Golden State

    Wednesday, December 11, 12:00 pm - 01:00 pm
    403 B
    Panel Discussions
    Track 2: Financing Options, Real Estate, & Economic Development
    California is famous for its palm trees, sunshine, and housing crisis. According to a 2015 study by the non-partisan Office of the State Legislative Analyst, an average California home costs about 2.5 times the average national price ($440,000 v. $180,000) and average monthly rent is 50% higher than the rest of the country ($1,250 v. $840/month). The future of the country’s most populous state is intimately connected with its ability to sustainably and efficiently reuse existing land. To turn a crisis into opportunity, we need to reuse brownfields, but how can contaminated sites and their attendant costs compete? On this panel, join three experts from California state agencies for an in-depth discussion of resources that are helping make redevelopment possible. We’ll hear from the CA Pollution Control Financing Authority, the Strategic Growth Council, and the Department of Housing and Community Development. Some of the tools they will discuss are new, some are existing, and some are programs that have worked before and are being recapitalized. We’ll talk about the California Recycle Underutilized Sites Program (CALReUSE), programs for groundwater cleanup, cap-and-trade funds, and funding for affordable housing and infrastructure. How can we all do brownfields better? Exchanging information is a start. Learn about building on brownfields in the Golden State, and join the discussion to compare and contrast California's approach with programs in your state.
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