A San Francisco neighborhood near the Presidio that has not seen new residential development in nearly 50 years may soon get an infusion of new housing with the creation of a special financing district.
A proposal before the Board of Supervisors would create an Enhanced Infrastructure Financing District (EIFD) to get the ball rolling on two long-stalled projects at defunct medical facilities in the Laurel Heights section, the San Francisco Chronicle reported.
An EIFD allows a developer to borrow against the tax revenue a project eventually will generate to finance needed infrastructure including streets, street lights and public plazas.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
