The ability to
finance project infrastructure and development impact fees
through the issuance of municipal bonds can
substantially increase and accelerate project
revenues. Zimmerman Group's experience in land-secured
financing and our established relationships with public
agencies and industry professionals allow us to
negotiate public financing strategies for even the most
complex and challenging projects. In fact, we have
been instrumental in implementing the first land secured financing
districts in multiple jurisdictions in Southern
There are several
types of land secured financing districts from which to
choose, and selecting the appropriate type of district
can have a significant financial impact to a
project. Zimmerman Group assists clients in
choosing the appropriate type of district and then
structuring the district to maximize value. Some of the
more common land secured financing districts are
outlined below. Please contact
us for project specific questions on the use of these financing tools.
Mello-Roos Community Facilities
- Since the Mello-Roos Community Facilities Act of 1982 was adopted, CFDs have become a powerful financing tool to the land development community. The flexibility afforded by the Mello-Roos Act has made CFDs the preferred public financing mechanism among builders and developers; however, to receive the maximum benefit from a CFD, it must be structured properly. In fact a poorly structured CFD may lead to future problems for a project. Zimmerman Group has the skills and experience to structure the CFD in the most efficient manner for any type of development project and any type of business plan.
Districts - Established pursuant to the Municipal Improvement Act of 1913, assessment districts offer a mechanism to finance public facilities that are a direct benefit to the project. Although not as flexible as CFDs, assessment districts can be a lower cost alternative for land secured public financing.
Infrastructure Program (SCIP) - SCIP is a relatively new program that can facilitate land secured financing for projects that are not able to utilize the more typical land secured financing districts because of project size, public agency resistance or other factors.
Other - Zimmerman Group is also available to assist with County Improvement Districts, Special Improvement Districts, Infrastructure Financing Districts, Municipal Improvement Districts, Assessment Areas, and all other types of public improvement districts, maintenance districts, and tax increment financing.