February 22, 2022
While speaking at the State of Downtown, Mayor Steinberg announced the possibility of creating a downtown-wide Enhanced Infrastructure Finance District (EIFD). An EIFD is an economic incentive that encourages businesses to invest in our City, allowing Sacramento to invest a percentage of the increased property value back into the central city. This tool is one way to fund our infrastructure, climate, and housing needs.
For a slightly abridged version of the mayor’s speech and a recording of the speech as it was given, please visit: https://engagesac.org/blog-civic-engagement/2022/2/22/mayor-proposes-new-funding-for-affordable-housing-infrastructure-in-state-of-the-downtown-speech.