A new bill aimed at revitalizing California's downtowns and addressing the student housing crisis is gaining traction in the Assembly Appropriations Committee. Assembly Bill 1470 proposes that California State University (CSU), University of California (UC), and community colleges can allocate up to 20% of their revolving loan funds to construct affordable housing for students, faculty, and staff in urban centers.

The bill, introduced by Assemblymember Haney, is seen as a strategic move to boost urban revitalization post-pandemic. "Our downtowns are still struggling and could significantly benefit from more students living in their city centers," Haney stated during the committee meeting. The initiative aims to connect housing investments with public transit and career opportunities, potentially transforming downtown areas into vibrant hubs of activity.

Scott Ford, deputy director of the Downtown Sacramento Partnership, voiced strong support for the bill, highlighting its alignment with key priorities for urban development. "This is a smart growth strategy that encourages a diversified presence in downtowns, fostering social activity and education," he said. Ford pointed to successful models in cities like San Jose and Phoenix, where university presence has positively impacted local economies.

The committee's discussions emphasized that the bill would not incur additional costs to the state, as it does not require new funding. With a motion to advance the bill, the committee is poised to take significant steps toward enhancing student housing options and revitalizing urban areas across California. The anticipated outcomes include increased student populations in downtowns, which could drive innovation and economic recovery in the state.