With a few key allies, TransForm has led the development of Sustainable Communities for All, a platform calling for equitable and effective use of cap-and-trade auction revenues that integrates transportation, land use, and housing goals. Assemblyman Raul Bocanegra of Pacoima has now authored a bill that incorporates those goals and establishes a new state program to fund them.
The bill, AB 1051, would create the Sustainable Communities for All program with the goal of “providing transportation and housing choices that allow lower income Californians to drive less and reduce household costs.”
The program would finance affordable housing in transit-oriented development, transit passes, and other ways to target high-propensity transit riders, energy efficiency improvements for homes affordable to low- and moderate-income Californians, and other vital programs and projects.
This funding is particularly important now that the state’s redevelopment funding has been eliminated and public transportation funding in California has been cut by more than $4 billion over the past decade. Cap-and-trade revenues are projected to reach nearly $4 billion per year by 2015, representing a critical opportunity to address the state’s mobility crisis while reducing greenhouse gas emissions, improving public health, and reviving our economy.
We are delighted to see this bill introduced. TransForm and our allies applaud Assemblyman Bocanegra's leadership in helping to ensure that cap-and-trade auction revenues are used in ways that provide real transportation and housing choice.