Governor Signs Portantino Bill Creating Regional Affordable Housing Trust

On Tuesday, Governor Newsom signed Senate Bill 1177, authored by State Senator Anthony J. Portantino (D – Pasadena), into law.

SB 1177 creates a regional affordable housing trust between the cities of Pasadena, Burbank, and Glendale. In June, the Senator announced that his budget request to create and fund the regional affordable housing trust had been approved in the 2022-2023 State Budget, allocating $23 million to help finance affordable housing projects created by SB 1177.

“We in the City of Pasadena are grateful for the Governor’s signature on SB 1177,” said Mayor Victor Gordo. “The housing affordability crisis continues to press many households in our region as they struggle to keep up with rising housing costs.   Read more...