California Bonds Put On Hold

A recent article by the Department of Housing and Community Development (HCD) discusses the current bond hold or moratorium that is in place during the contemplation of Jerry Brown's new budgetary policy.

(http://www.hcd.ca.gov/fa/pmib/BondPauseMemo_0211.pdf)

The projects that will be affected by this hold are the following:

• MHP – Multifamily Housing Program 

• MHP-SH - Multifamily Housing Program Supportive Housing Component 

• HY - Homeless Youth 

• GHI - Governor’s Homeless Initiative 

• CalHome Development Project Loan 

• Housing Related Parks

This is an interesting time in California's history, not only with the large amount of delinquent home ownership, but also with the large amount of debt that looms over the California economy.  This is the 800 pound gorilla on our backs.

I feel that their needs to be some serious tightening of California's purse strings.  JFK had it right, "Ask not what your country can do for you, but ask what you can do for your country."  Californians need to start asking what they can do for California, and not what California can do for them.