How to Create a Community Revitalization and Investment Authority (CRIA)

Government Code 62000 et. seq.

  1. Municipality (City/County)
  2. Legal counsel
  3. Economic advisor

Evaluate CRIA Feasibility

  1. Define/refine boundaries that meet eligibility criteria
  2. Project property tax increment from participating taxing entities
  3. Evaluate bonding/financing capacity
  4. Identify eligible projects and programs

 

  1. At least 70% of area meets 3 of 4 blighting conditions and has annual median income less than 80% of state, county, or citywide annual median income;
  2. Census tracts/block groups within disadvantaged community;
  3. Former military base principally characterized by deteriorated or inadequate infrastructure and structures; or
  4. Sustainable Communities Strategy sites deemed suitable for housing development or transit priority projects in housing element
  1. Focus on areas with significant growth potential
  2. Establish boundaries that maximize acreage and revenues

  1. Electeds
  2. Other taxing entities (negotiate MOU to form JPA)
  3. Stakeholders (property owners and residents)

 

  1. Explore projects that entice taxing entity participation (i.e. large capital improvements)
  2. Educate stakeholders – not a new tax, not a lien on property
  3. Identify property owners who will advocate for formation

  1. Select Board members
  2. If multiple taxing entities, adopt resolution approving MOU to form JPA
  3. Adopt resolution(s) consenting to CRIA and property tax contribution rate
  4. Transmit consenting resolution to county auditor-controller

Prepare Community Revitalization and Investment Plan

  1. Boundary map and legal description
  2. Determination of eligibility
  3. Goals and objectives
  4. Projects and programs
  5. Time limits to establish and repay debt

 

  1. Provide comprehensive list of projects and programs
  2. Consider Housing Element and General Plan projects
  3. TI limits should provide large buffer to minimize amendments

Community Meeting

  1. Notice of informational meeting to property owners and residents (via mail and authority website post at least 10 days prior to meeting)
  2. Draft Plan made available to public and each property owner
  3. Hold informational meeting (at least 30 days prior to Notice of 1st public hearing)
  4. Document and review comments

  1. Notice and Hold 1st Public Hearing – Hear Public Comment
  2. Notice and Hold 2nd Public Hearing – Consider Comments, Modify or Reject Plan
  3. Notice and Hold 3rd Public Hearing/Protest Proceeding – Consider All Protests and Adopt or Terminate Plan
    1. May Adopt if less than 25% file protest
    2. Hold Election if 25-50% file protest (within 90 days)
    3. Terminate if over 50% of property owners and residents file protest

 

  1. Newspaper notice of 1st public hearing published once a week for four weeks
  2. Newspaper notices of 2nd and 3rd public hearings published at least 10 days prior to hearings
  3. Notice of all hearings mailed to affected property owners and residents and posted on authority website and at least 10 days prior to hearing
  4. Public Hearings held at least 30 days apart

  1. Authority Board Adopts Plan via Resolution
  2. Transmit Statement of CRIA Formation to State and County Agencies

 

THE OVERALL ADOPTION PROCESS TYPICALLY TAKES 12-18 MONTHS, HOWEVER, EVERY COMMUNITY WILL BE DIFFERENT BASED ON LOCAL POLITICAL CONSIDERATIONS AND RESOURCES

This chart was created by CALED’s Economic Development Finance and Real Estate (EDFRE) Committee. Learn more about EDFRE at https://caled.org/everything-ed/caleds-economic-development-finance-real-estate-committee/

Click here for a PDF version of the above chart.