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Anaheim Stimulus Plan Aims at Reviving Home Building
The city of Anaheim, Calif. recently enacted a comprehensive economic stimulus package aimed at reviving residential construction — including provisions on impact fee payments, first-time home buyer assistance, green building assistance, the development of affordable housing units and a directional sign program for new home developments.
The Building Industry Association of Southern California, Orange County Chapter (BIA/OC) supported the effort, which was led by Anaheim Mayor Curt Pringle and the city council.
“Given the tremendous amount of progress that the city of Anaheim has been able to accomplish over the last several years, many of the largest private investors in the city are residential and commercial developers,” said Kristine Thalman, CEO of the association.
“BIA/OC is proud to partner with progressive city leaders that understand the broader economic picture to find common-sense solutions to some of the pressures that our industry is facing,” she said.
Mayor Pringle championed the proposal as an example for other cities; it is the most comprehensive stimulus package approved so far in Southern California, and perhaps, statewide.
“This economic stimulus plan is going to allow Anaheim to get moving, to create many new neighborhoods and continue with the redevelopment of the Platinum Triangle,” he said.
Especially important is the timing of the stimulus proposal. Because of the downturn, new construction in Anaheim has slowed considerably, which has had a ripple effect on everything from the furniture industry to the auto industry and countless local small businesses.
For his role in championing the stimulus package, Pringle was honored as the 2008 local government official of the year at NAHB’s Government Affairs Recognition Awards breakfast during the spring board meeting in Washington, D.C. last week.
For more information, e-maily Elizabeth Ambrose at NAHB, or call her at 800-368-5242 x8253.
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