CALIFORNIA--The state is getting an economic stimulus

Governor Schwarzenegger highlighted the economic benefits of the housing and infrastructure bonds and announced fund allocations.

Proposition 1C and Proposition 46 funds are part of the historic $42 billion package of infrastructure bonds approved by voters in 2006.

The governor says Proposition 1C provides $2.85 billion.

“It will support affordable housing for families and seniors, and it will beef up infrastructure in areas with easy access to public transportation,” he said.

The inland empire will receive 16.3 million to provide housing and incentive units for 451 families and individuals.

It includes emergency housing assistance, multifamily housing and infill infrastructure.

Story Date: July 10, 2008