EIFDs and CRIAs were introduced by the California Legislature from 2014-2015, enabling a new model for financing infrastructure and economic development in California. The statutes authorize creation of districts by a local city or county. Special districts may participate.
Benicia, CA
Carson, CA
Coachella, CA
Beaumont, CA
Atwater, CA
Garden Grove, CA
Grand Terrace, CA
Huntington Park, CA
La Verne, CA
Los Angeles, CA
Los Angeles, CA
Ontario, CA
Placentia, CA
Redlands, CA
Rialto, CA
Riverside, CA
Riverside, CA
San Bernardino, CA
Otay Mesa, CA
San Jacinto, CA
San Pedro, CA
Santa Ana, CA
Santa Fe Springs, CA
Seaside, CA
Watsonville, CA
West Covina, CA
West Sacramento, CA
Yucaipa, CA
| EIFD and CRIA Similarities | |
|---|---|
| Governance | Both are public entities separate and distinct from the city or county that established them, governed by 5+ member board consisting of majority of City Council or County Board of Supervisors and 2+ members of the public who live or work in the area. |
| Eligible uses | Both can finance a wide-range of public and private projects. |
| Prerequisites to formation | Creation requires finding of completion (FOC) from DOF and compliance with State Controller’s orders |
| Funding sources | Authority to use property tax increment to finance facilities and housing with contributions from other taxing entities with their consent. |
| EIFD and CRIA Differences | ||
|---|---|---|
| What property can be included? | Any property (no qualification necessary) | 80% of the area must meet income and other requirements (e.g. crime, unemployment, deteriorated infrastructure and private structures) |
| Voter approval for formation and plan adoption | No, but subject to majority protest at adoption | No, but subject to majority protest at adoption and every 10 years |
| Voter approval for bond issuance | No | No |
| Low / moderate income housing set-aside requirement | None | 25% of taxes allocated to CRIA |
| Ongoing reporting / audit requirements | Yes, annual report and annual independent financial audit | Yes, annual report and annual independent financial audit |
| Acquisition by eminent domain (aside from Polanco Act authority) | No | Yes, within 12 years of formation |
| Funding for facilities outside of plan boundaries | Yes, but must have a tangible connection to the work of the district | No |
Kosmont Companies and the Southern California Association of Governments (SCAG) have collaborated to formulate an EIFD / CRIA Technical Screening Tool to assist SCAG’s member cities in the preliminary evaluation of EIFD / CRIA feasibility. Click the image below to access the screening tool.
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