Enhanced Infrastructure Financing District (EIFD)

On January 1, 2015, Governor Jerry Brown signed into law, SB628, “Enhanced Infrastructure Financing Districts” (EIFDs) which allows for a separate government entity to be created by a city or county within a defined area to finance infrastructure projects with community-wide benefits.

The City of Artesia, in partnership with the County of Los Angeles, is in the process of forming an Enhanced Infrastructure Financing District (EIFD) called the Artesia Enhanced Infrastructure Financing District (Artesia EIFD).

The purpose of the Artesia EIFD is to assist in the financing of infrastructure projects that will encourage housing and commercial development in opportunity areas throughout the City, primarily along the Pioneer Boulevard corridor. The proposed area is a focused area of 324-acres, representing approximately 31% of the City of Artesia. Approximately $60.0 million of infrastructure projects will be identified.

Public Financing Authority (PFA)

The City Council has established a separate entity, the Public Financing Authority (PFA), who will oversee the creation of the Artesia EIFD and be responsible for the adoption of the final IFP. The PFA will also be responsible for the issuance of bonds for the Artesia EIFD in the future as well.

EIFD Formation Schedule

Target DateTask
CompletedA) City Council and County Board of Supervisors consider Resolution(s) of Intention (ROI) and formally establish PFA  
March 2026B) PFA directs the drafting of the Infrastructure Financing Plan (IFP)  
April 2026C) Distribute draft IFP, ROI, and Public Meeting Notice to property owners, affected taxing entities
May 2026D) PFA holds an initial public meeting to present the draft IFP to the public and property owners
June 2026E) City Council/legislative bodies of other affected taxing entity contributing increment adopt resolution(s) approving IFP
July 2026F) PFA holds first public hearing to hear additional comments and take action to modify or reject IFP (at least 30 days after “D”)
August 2026G) PFA holds second public hearing to consider oral and written protests and take action to terminate proceedings or adopt IFP and form the district by resolution (at least 30 days after “F”)

Related Documents

  1. Artesia City Council Resolution of Intent (Reso 25-3068)
  2. LA County Resolution of Intent Order No. 27