Summary
The legacy affordable housing fund from the old redevelopment agency is down to about $49,000 after years of spending down. The good news: new state and county grants are now funding roughly $27.5 million in projects with over 500 new units.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 15, 2026.
Impact analysis
The old fund is essentially spent, but about $27.5 million in new grant funding is backing 500-plus planned affordable units.
Future residents of the 500-plus affordable units planned with the new grant funding.
Residents struggling with cost burdens — 43% of households spend over 30% of income on housing — continue to face displacement risk.
Mentions & discussions (2)
Planning Commission - Oct 15, 2026
Long Beach has met market-rate housing targets but only about 6% of its 15,000-unit affordable housing need, and applications for large new projects have dropped sharply since late 2024. Commissioners want better tracking of why entitled projects die before construction.
The Long Beach Community Investment Company - Feb 18, 2026
The legacy affordable housing fund from the old redevelopment agency is down to about $49,000 after years of spending down. The good news: new state and county grants are now funding roughly $27.5 million in projects with over 500 new units.
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