The Anaheim City Council approved the plan for how to use $15 million from Disney towards affordable housing, with some changes to how money will be allocated.
Anaheim Affordable Housing
According to The Orange County Register, the city council wants to prioritize helping first-time homebuyers through a loan assistance program over building more affordable housing units, although money will still go to the latter.
Disney gave Anaheim this first $15 million as part of the DisneylandForward plan, which was approved last spring. Though primarily an expansion plan for Disneyland Resort, it also included Disney committing $30 million toward affordable housing. They are providing the first $15 million this year and the second $15 million in five years.
The city is also receiving $1 million from a federal grant, for a total of $16 million to allocate to different affordable housing projects. As outlined prior to the May 29 council meeting, the money will go to three projects: building more affordable housing units, providing loan assistance to homebuyers, and providing funding for low-income families at risk of eviction…