Redevelopment Agency sends off big check 

An agency that brings jobs, commerce and affordable housing to San Francisco’s most disadvantaged neighborhoods sent a $28.8 million check to help California balance its budget.

The San Francisco Redevelopment Agency’s payment — one of many demanded by California lawmakers as part of a controversial plan to rake in $2 billion from similar agencies statewide — was sent Monday.

California’s redevelopment agencies are appealing a court’s recent decision that the payments can legally be demanded. The agencies are funded locally — not by California.

If the California Redevelopment Association’s appeal is upheld, the agency will attempt to recover the payment from California, according to Executive Director Fred Blackwell.

“We would pursue recovery of the money,” Blackwell said. “I would imagine that the process would take a while.”

The agency will sell bonds to raise the funds. In the meantime, it borrowed the money from its Low and Moderate Income Housing Fund. Agency commissioners approved details of the payment last week.

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