X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When Governor Brown dissolved redevelopment agencies and community development agencies as of February 1, 2012, the development community and municipal government lost an important tool for economic growth and community revitalization. On Jan. 1, 2015, the Enhanced Infrastructure Finance Districts (“EIFDS”), newly authorized by SB 628, brought some hope that local government would aid in the challenge of financing infrastructure and providing financing to make urban infill projects more feasible. Now AB 2, approved by the Governor on Sept. 22, 2015, authorizes certain local agencies to form a community revitalization authority (“Authority”) within a community revitalization and investment area to carry out certain provisions of the existing Community Redevelopment Law for the financing of infrastructure, affordable housing and economic revitalization through tax-exempt bonds serviced by tax increment revenues.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.