Sacramento, California – Today, SB 532 authored by State Senator Anthony J. Portantino (D–La Cañada Flintridge) passed the California State Legislature. Senator Portantino introduced SB 532 at the request of the City of Glendale. After the dissolution of Redevelopment Agencies (RDAs), Glendale was left with $27 million dollars in bond proceeds but is precluded from using these funds for housing. SB 532 will give Glendale the ability to use these locally derived bond funds exclusively for affordable housing.