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 California.

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 Districts (CFDs) - 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.

Assessment 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.

Statewide Community 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.

 
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