City of Placentia/County of Orange Enhanced Infrastructure Financing District (EIFD)
The Placentia EIFD will fund
transit-supportive and housing-supportive infrastructure in the
communities directly to the north and south of the upcoming
Placentia Metrolink Station, which will serve communities along
State Route 91 – one of the busiest and most congest
transportation corridors in Southern California. Specific
improvements will include street upgrades, lighting
infrastructure, pedestrian connectivity, as well as sewer and
water infrastructure enhancements to increase housing capacity,
as well as upgrades to the landscape. These investments are
estimated to cost around $8 million, and will support an
additional 1,600 housing units, 3,900 construction jobs, 1,150
permanent jobs that can help generate $800 million in economic
output from construction activities, and $164 million in annual
ongoing economic output.
To reach district formation, the process was initiated when the City of Placentia approved a Resolution of Intent on February 19, 2019 supporting the establishment of an EIFD in the areas surrounding the upcoming station, including the Old Town Placentia Area as well as the Transit Oriented Development Packing House District. The Orange County Board of Supervisors evaluated and supported a similar resolution on April 23, 2019. The City of Placentia / County of Orange EIFD was then established in September 2019 and became the first city/county EIFD partnership in California, when the District’s Public Financing Authority (PFA) officially approved its Infrastructure Financing Plan (IFP). The Placentia EIFD is one of SCAG’s Pilot TIF projects. Visually explore the Placentia EIFD through the City of Placentia EIFD Story Map.
Official information on the EIFD can be found at
https://www.placentia.org/860/Enhanced-Infrastructure-Financing-Distri