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Planning commission backs study of tax‑increment‑style IFDs and citywide CFDs to fund neighborhood infrastructure
Summary
The San Francisco Planning Commission endorsed resolutions to form a study committee and allow the Association of Bay Area Governments to administer community facilities districts, aiming to pilot an Infrastructure Finance District in Rincon Hill and create a citywide Community Facilities District program to help fund infrastructure and speed development.
The San Francisco Planning Commission on July 22 endorsed city resolutions to study and enable two financing tools — an Infrastructure Finance District (IFD) and a citywide Community Facilities District (CFD) — to help fund neighborhood infrastructure and spur development.
Michael Yarny of the Office of Economic and Workforce Development told the commission that an IFD is “essentially a tax increment finance district but taken outside of redevelopment,” and described a Rincon Hill pilot that a developer has offered to underwrite. Yarny said a 35% set‑aside of net new tax increment on Rincon…
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