What is SCIP?
The County of Sacramento is now participating in the Statewide Community Infrastructure Program (SCIP), which is a program provided by the California Statewide Communities Development Authority (CSCDA) to help finance development projects. SCIP is a pooled tax exempt bond financing program which can finance impact fees and public improvements for private developments. The bonds are issued by the CSCDA, which is a Joint Powers Authority sponsored by the League of California Cities and California State Association of Counties. SCIP has issued more than $390 million in bonds since its inception in 2003.
How does it work?
The program finances development impact fees and other public infrastructure with long-term assessments levied on the developed properties. The participating cities and counties can be paid upfront and the loans are repaid by future property owners over 30 years.
Who can participate in the program?
Commercial, industrial and residential projects. Typically SCIP can finance projects with as little as $500,000 in impact fees and/or public infrastructure.
How much does it cost to participate?
CSCDA charges an application fee of $1,500 per application. In addition, the cost of bond issuance (i.e. engineers, lawyers) is about 4-5% of the total amount. The County’s administrative processing fee is $3,800 or up to 1.5% of the total bond amount. In addition, the County may charge a participating developer a fee based on the County’s reasonable costs of administering the County’s acquisition of any improvements constructed under an Acquisition Agreement.
What fees are eligible?
Fees for infrastructure to be spent within three years and owned by a public agency. Currently, this includes Sacramento County Transportation Development Fees and Plan Area Roadway Impact Fees (Antelope, Vineyard, North Vineyard Station, Mather) and does not include school, housing, library, fire, park, water supply, drainage, and sewer fees (other Fees may be added).
What improvements are eligible?
- Frontage (pavement, curb, gutter)
- Street and Roads
- Street Lighting • Bridges
- Bike and Pedestrian Trails
- Other improvements
How can I apply?
Apply directly to CSCDA online
For more information, contact Mike Middleton, Middletonm@saccounty.net