Enhanced infrastructure financing districts.

Existing law authorizes the legislative body of a city or a county to establish an enhanced infrastructure financing district to finance public capital facilities or other specified projects of communitywide significance, including, but not limited to, the acquisition, construction, or rehabilitation of housing for persons of low and moderate income for rent or purchase. This bill would authorize the City of Inglewood to create an enhanced infrastructure financing district to finance infrastructure and transit-oriented development within one mile of the Inglewood Station area. The bill would require the City of Inglewood, in consultation with the Los Angeles Metropolitan Transportation Authority, to develop an infrastructure financing plan pursuant to these provisions. The bill would provide that for these purposes, the Los Angeles Metropolitan Transportation Authority is an affected taxing entity as that term is defined. The bill would authorize a district created pursuant to these provisions to receive funding from the Greenhouse Gas Reduction Fund, and the Affordable Housing and Sustainable Communities Program, in addition to any other authorized funding. This bill would make legislative findings and declarations as to the necessity of a special statute for the City of Inglewood.