Real Estate/Development,
Government,
Administrative/Regulatory
Jan. 7, 2015
SB 628: Infrastructure financing district redux
Senate Bill 628 creates "enhanced" infrastructure financing districts and is a first step in financing local government development activities in California's post-redevelopment era.




Senate Bill 628 creates "enhanced" infrastructure financing districts (EIFDs) and is a first step in financing local government development activities in California's post-redevelopment era. The bill makes tax increment funds available for economic development and urban revitalization, including former military base reuse, creation of transit priority projects, implementation of sustainable community plans, and affordable housing construction. Although similar to the little-used infrastr...
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