Enhanced Infrastructure Financing Districts (EIFDs)
Community Revitalization and Investment Authorities (CRIAs)
EIFDs and CRIAs were approved by the California Legislature in 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.
- Enhanced Infrastructure Financing Districts (EIFDs) (SB 628/AB 313)
- Community Revitalization and Investment Authorities (CRIAs) (AB 2/AB 2492)
- Infrastructure and Revitalization Financing Districts (IRFDs) (AB 229)
- New financing tools provide the potential for cities to create specialized infrastructure districts which can ultimately fund sustainable infrastructure
- Mandate a regional approach by requiring multiple local agencies (cities, counties & special districts) to cooperate in order to use tax increment financing
- Once approved, these Districts can combine tax increment with other regional and state-authorized financing programs such as GGRF funds, PACE, etc.
- EIFDs focus in infrastructure and public/private transactions
- CRIAs similar with more stringent eligibility standards & focus on affordable housing
Statewide EIFD & CRIA Evaluation Areas
Click the location on the map for more information.
Similarities and Differences between EIFD and CRIA
|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||No, but subject to majority protest at adoption and every 10 years|
|Voter approval for bond issuance||Yes, 55% by registered voters if 12+ registered voters; otherwise by landowners (1 vote per acre)||No|
|Low / moderate income housing set-aside requirement||None||25% of taxes allocated to CRIA|
|Ongoing reporting / audit requirements||No, but if bonds are issued, independent financial audit every 2 years||Yes, annual report and annual independent financial audit|
|Acquisition by eminent domain||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
Kosmont-SCAG EIFD / CRIA Screening Tool
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.