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Simi Valley council approves joining statewide SCIP financing program
Summary
The City Council voted unanimously to adopt a resolution allowing property owners in Simi Valley to access the California Statewide Communities Development Authority(SCIP) financing program; staff said participation is voluntary and imposes no city liability.
The Simi Valley City Council voted unanimously Tuesday to adopt Resolution No. 2025-09 authorizing the city to join the California Statewide Communities Development Authority and allow property owners access to the Statewide Community Infrastructure Program (SCIP). The resolution permits CSCDA to accept applications and, if requested by property owners, form assessment or community facilities districts to finance public infrastructure related to development.
City staff told the council the action does not obligate the city to fund projects or to assume liability; CSCDA would administer district formation, bond issuance…
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