"Curry discussed her recent article for the California Planning and Development Report on Sacramento's attempt to use an Enhanced Infrastructure Financing District (EIFD) to revitalize its downtown. The financing tool, designed to help cities fund projects like affordable housing and transit-oriented development without raising taxes, has struggled to gain traction statewide. Sacramento's effort to launch a district around its downtown railyards hit obstacles due to political disagreements and questions about long-term revenue streams."
"Transcript: Damien NewtonOkay, welcome to the Street Smart Podcast. We are kicking off our fall session. I was joking with my wife beforehand that I was going to open this by saying, "Welcome to SGV Connect 140, our legislative wrap-up with Streetsblog California editor, Melanie Curry." Because Melanie is our guest, and I usually do that podcast this time of year."
An Enhanced Infrastructure Financing District (EIFD) is a financing tool intended to help cities fund projects such as affordable housing and transit-oriented development without raising taxes. Sacramento attempted to form an EIFD around its downtown railyards to catalyze downtown revitalization. The effort encountered political disagreements and persistent questions about long-term revenue streams, preventing district formation. EIFDs have existed in California for nearly a decade but remain underutilized statewide. Municipalities face challenges implementing innovative financing while trying to balance growth, housing affordability, and climate goals. Sacramento's experience exemplifies broader statewide trends of political complexity and fiscal uncertainty surrounding EIFD deployment.
#eifd #infrastructure-financing #sacramento-railyards #affordable-housing #transit-oriented-development
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