July 30, 2025

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$750 million loan for Bay Area transit

  • July 7, 2025

Top California Democrats say they’ve averted a worst-case scenario for struggling Bay Area transit agencies — but only for now. Tucked into the $320 billion state budget agreement that Gov. Gavin Newsom signed last week is a $750 million loan for four local transit agencies to keep operating while they face massive deficits. The loan

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Loans

California bill calls for program to insure multifamily development loans

  • May 19, 2025

With California short of nearly half a million affordable homes and a slew of projects stalled amid adverse market conditions, Sen. Dave Cortese has proposed a bill that would allow the state to use its credit to insure construction and permanent loans for multifamily housing, giving developers access to more favorable interest terms and letting

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