The California Senate passed a bill to authorize a Los Angeles County “Resilient Rebuilding Authority" that could use public funds to "purchase lots at a fair price for land banking," and "create open space." The bill would also allow municipal bodies to use property taxes to fund low-income housing and public transit. Senate Bill 549 now has a hearing in the state Assembly scheduled for Wednesday. As a funding mechanism, the bill would allow the RRA for the Los Angeles wildfires to “Issue, receive, and administer funds, including, but not limited to, tax-increment financing, federal loans and grants, state loans...