FOR IMMEDIATE RELEASE February 6, 2012 SACRAMENTO OFFICIALS BEGIN POST-REDEVELOPMENT TRANSITION Agency Will Continue Focus on Core Competencies of Affordable Housing, Community Revitalization, and Job Creation Sacramento, CA | Officials of the Sacramento Housing and Redevelopment Agency have transferred assets and debts formerly held by the Redevelopment Agency to the City of Sacramento and the County of Sacramento as of February 1, the date on which all redevelopment agencies in California ceased to exist under AB 1X26, the Dissolution Act. “We’re not going to pity ourselves over the unfortunate demise of redevelopment because there is still a great need for the things that redevelopment was able to accomplish,” said La Shelle Dozier, SHRA Executive Director. “We’re still here and we’re still in the business of serving people in need of affordable housing, and creating jobs to help grow Sacramento’s economy. We’re going to channel our energy and expertise into finding another way to keep renewing and rebuilding Sacramento’s communities so that they can thrive.” The City Council and the Board of Supervisors each elected to serve as the Successor Agency for their respective redevelopment agencies and they are now responsible for paying the enforceable obligations of the former RDAs. SHRA will not administer the wind down activities of the City or County Successor Agencies but will provide supportive services during the transition. As Successor Agencies, the City and County only elected to administer the non-housing functions of winding down the RDAs. Under the legislation, the City and County Housing Authorities will serve as the Successor Housing Agencies responsible for the housing assets and functions performed by the former RDAs. SHRA will continue to manage funded housing related activities on behalf of the Successor Housing Agencies including housing projects that were approved prior to June 29, 2011 when the Governor signed the Dissolution Act. SHRA has managed and administered housing and non-housing redevelopment on behalf of the City and County for nearly 40 years. # # #