In just 12 years California economic development has transitioned from Redevelopment Agencies to value capture districts known primarily as EIFDs and Climate Resilience Districts. CRD with a focus green infrastructure and resiliency and EIFDs with a focus on infrastructure and housing which is both a state mandate and demand driver via rooftops that help cities expand local spend. Plus, more than $1.2 trillion in federal and state funding plus voter approved State Proposition 4 which brings $10B to the table for climate infrastructure in California.
Learn how cities like Long Beach and West Sacramento are devising approaches to value capture TIF Districts based on the needs of the community. This panel will explain how to implement and harness these financial districts and grant funding resources including case studies of EIFDs and the state’s newest TIF Bond issued by the West Sacramento EIFD, as well as the dynamic future of Climate Resilience Districts.
