Prohousing enhanced infrastructure financing districts: Infrastructure Partnership Financing Program.

Plain English Breakdown

The official source material does not provide specific details on the requirements cities and counties must meet to establish a PEIFD beyond being designated as prohousing.

Prohousing Enhanced Infrastructure Financing Districts

This law allows cities or counties designated as prohousing to create special districts for financing housing projects and establishes a program run by the Department of Housing and Community Development to provide loans or grants for these projects.

What This Bill Does

• Allows cities or counties with prohousing status to set up special districts called Prohousing Enhanced Infrastructure Financing Districts (PEIFDs) if they meet certain requirements.
• Expands the definition of 'prohousing local policies' to include setting up PEIFDs, giving these areas extra points in scoring for program applications.
• Creates an Infrastructure Partnership Financing Program run by the Department of Housing and Community Development to provide loans or grants to qualifying housing projects within PEIFDs.

Who It Names or Affects

• Cities and counties that are designated as prohousing
• Housing developers in areas with Prohousing Enhanced Infrastructure Financing Districts

Terms To Know

Prohousing

A designation given to cities or counties by the Department of Housing and Community Development for adopting policies that support housing development.

Infrastructure Partnership Financing Program

A program created by this law to provide financial assistance in the form of loans or grants to qualifying housing projects within Prohousing Enhanced Infrastructure Financing Districts.

Limits and Unknowns

• The bill does not specify how much funding will be available for the new program.
• It is unclear what specific requirements cities and counties must meet to establish a PEIFD beyond being designated as prohousing.

Official Summary Text

SB 1003, as amended, Grayson.
Prohousing enhanced infrastructure financing districts: Infrastructure Partnership Financing Program.
The Planning and Zoning law requires each planning agency to prepare and the legislative body of each county and city to adopt a comprehensive, long-term general plan for the physical development of the county or city that includes specified elements, including a housing element. The law requires the Department of Housing and Community Development to designate jurisdictions as prohousing, as specified. The law requires that jurisdictions that have adopted a housing element that has been found by the department to be in substantial compliance with specified requirements and that have been designated as prohousing based on their adoption of prohousing local policies, as defined, be awarded additional points or preference in the scoring of program applications for certain programs.
Existing law authorizes the legislative body of a city or county
to designate a proposed enhanced infrastructure financing district to finance public capital facilities or other specified projects of communitywide significance that provide significant benefits to the district or the surrounding community, including, among other things, the acquisition, construction, or rehabilitation of housing for persons of very low, low, and moderate income for rent or purchase, as specified. Existing law authorizes an infrastructure financing plan to contain a provision for the division of taxes levied upon taxable property in the area included within the district, and authorizes the public financing authority of the district to issue bonds, as provided.
This bill would authorize a city or county that is designated as prohousing to establish a prohousing enhanced infrastructure financing district if certain requirements are met, as specified. The bill would prescribe requirements applicable to those districts. The bill would expand the
definition of “prohousing local policies” for purposes of the above-described provisions to include the establishment of one of these districts, and would require that the jurisdiction that established, and projects located within, a district receive enhanced points or preference than the baseline provided to other prohousing jurisdictions.
This bill would establish the Infrastructure Partnership Financing Program, to be administered by the Department of Housing and Community Development, and authorize prohousing enhanced infrastructure financing districts to apply for funding from the program, as specified. Upon appropriation, the bill would require the department to provide loans or grants to applicants for qualifying housing developments, as defined and specified. The bill would require the department to adopt
guidelines for the operation of
emergency regulations to implement
the program, as
specified, and would exempt those program guidelines from the rulemaking provisions of the Administrative Procedure Act.
specified.

Current Bill Text

Download Bill PDF