City of Fresno Enhanced Infrastructure Financing District (EIFD)
In April of 2020, the City of Fresno
approved a Resolution of Intent to establish an EIFD at Downtown
Fresno and the southern portion of the Blackstone Avenue Bus
Rapid Transit area. With a focus on transportation improvements
and investment, the Fresno EIFD will fund transportation safety
and accessibility improvements, increased investment in bus
infrastructure and roadways, streetscape and lighting
improvements, improved wayfinding signage, and economic
development projects. Collecting tax increment above the base
2021/2022 year, the Fresno EIFD is projected to incur $9.9
million in revenue over the course of 45 years. The Fresno EIFD
will support the development of 10,000 housing units, over 22,000
in temporary construction jobs and 1,225 in permanent jobs, $3.6
billion in economic output from construction activities, and $211
million in annual economic output. The Fresno EIFD Public
Financing Authority approved the District’s Infrastructure
Financing Plan in October of 2020, making it the fifth EIFD in
the State.
Official information on the EIFD can be found at
https://www.fresno.gov/darm/housing-community-development/#tab-10