Real Estate/Development,
Government,
Administrative/Regulatory
Aug. 13, 2014
Public partner financing: a capital proposal
Cities throughout California are looking for development partners to revitalize downtown districts, create value in suburban neighborhoods, and renew aging infrastructure.
Cities throughout California are looking for development partners to revitalize downtown districts, create value in suburban neighborhoods, and renew aging infrastructure. Though local governments are prohibited from making outright gifts of public funds, cities can provide financial assistance, including loans, grants, subsidies and tax incentives, if the program supports an identifiable public purpose and community benefit. Here are a few tools that developers should be aware of when c...
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