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with HCO, through the California Recycle Underutilized Sites (CALReUse) program operated under the state Treasurer's Office. 8A Page 5 Additional information can be found online at www.treasurer.ca.aov/cocfalcalreuselfaa.odf. Transit Oriented Development $240 million was allocated over the last two years ($95 million in the FY 2007-08 budget, and an additional $50 million in AS 1252 (Caballero), Chapter 39 of 2008. The FY 2008-09 budget includes another $95 million for this popular program designed to provide assistance to public agencies and developers with developing higher density housing within one-quarter mile of a transit station. Parks and Housing. AS 2494 (Caballero), Chapter 641, statutes of 2008. a League supported bill. contained implementation criteria for this program that rewards the production of housing with funds to develop and reMbilitatE! local onegional parks. (Cities should note that parks development is also an eligible use of funds under the infllllnfrastructure program listed above.) The FY 2008-09 budget includes $200 million for this program. The earliest that grants are expected to be available is 2010. The HCO is planning to host stakeholder discussions when developing guidelines for this program. Housing Innovations Fund. $95.5 million for FY 2008-09 budget from Prop. 1C for the Housing Innovations Fund among four programs as follows: 1. $35 million is designated for the local housing trust fund matching grant program established onder Proposition 46 (Guidelines should be available for this program in mid October); 2. $50 million Is designated to fund the acquisition of property to develop or preserve affordable housing; 3. $5 million is ava~able for the Construction Uability Insurance Reform Pilot Program (The purpose of the program is to promote best practices for residential construction quality control as a means of reducing insurance rates for condominium developers); and 4. $10 million is avaUable to increase and maintain affordable homeownership opportunities fOf Californians 'Mth lower incomes. Proposition 84= Environmental Quality Bond This measure desgnates $5.4 biUion for improving natural resources and water programs including state projects and flood control, safe drinking water, water quality improvement, integrated water management, water planning and sustainable communities. . $400 Mitllon in Park Funds. AS 31(De Leon), Chapter 623, Statutes of 2008, requires the California Department of Parks and Recreation (OPR) to establish a local assistance program to distribute grants to the most park needy communities aeross the state, with funding derived from the $400 mltHon that was designated for this purpose in Proposition 84. The Parks Department Web site has additional information at: w.vw.oarks.ca.9ovI?Paqe id=24452 . $90 Million in Planning Funds and $90 Million in Urban Greening. sa 732 (Steinberg), Chapter 729, statutes of 2008, creates a "Sustainable Communities Coonel" to coordinate the activities of various state agencies that aim to improve air and water quality, natural resource protection. affordable housing, and transportation through land use planning. The Coune" is also tasked with developing guidelines and criteria to allocate the $90 million in planning funds. The first priority for these funds is for regional planning efforts not funded through federal funds, in effect; prioritizing these funds to assist the regional planning purposes of S8 375 (steinberg), but funding other local planning purposes may also be eligible. PlaM must be deemed consistent With state planning princiPles and reduce greenhouse gas emissions. 5