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Lincoln council approves participation in statewide SCIP financing for community facilities districts
Summary
The City Council adopted an amended resolution authorizing Lincoln to participate in the Statewide Community Infrastructure Program (SCIP), enabling developers using Community Facilities Districts (CFDs) to access additional financing tools, including bonding against future CFD revenues.
The Lincoln City Council on Jan. 23 adopted an amended and restated resolution confirming the city's participation in the Statewide Community Infrastructure Program (SCIP), allowing developments that form Community Facilities Districts (CFDs) to use SCIP financing.
Finance Director Nita Racker told the council the changes align SCIP with other development financing tools the city has used since 2017 and will allow…
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