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Enhanced Infrastructure Financing Districts (EIFD’s)

With the absence of redevelopment, Enhanced Infrastructure Financing Districts (EIFDs) have become a viable option for cities and counties looking for a mechanism to perform some functions previously done by redevelopment agencies. SB 628 provides cities and counties the authority they need to build public infrastructure and it will increase investment in a variety of infrastructure through multiple funding streams, including private investment and procurement.

SB 628 authorizes the legislative body of a city or county to establish an EIFD, adopt an infrastructure financing plan, and issue bonds, for which only the enhanced infrastructure financing district is liable, to finance public capital facilities or other specified projects of communitywide significance.

As the former leader in the establishment of redevelopment project areas, UFI Sustainable Communities Development Group is now the leader in the study and implementation of EIFD’s.

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