E102- Understanding California's SCIP Program with James Hamill and Bob Williams Part 1

In this episode of the Land to Lots™ Podcast, Carter Froelich speaks with James Hamill, Managing Director of the California Statewide Communities Development Authority, and Bob Williams, Managing Director at RBC Capital Markets, to discuss one of California's most powerful infrastructure financing tools: the Statewide Community Infrastructure Program, commonly known as SCIP.  James and Bob share the history of the program, how SCIP has evolved from assessment district financing into a more flexible platform that includes CFDs, and why it has become such a valuable tool for developers, builders, cities, counties, and special districts across California.   In Part 1 of this conversation, you'll learn:  How SCIP was created and why it became a practical tool for financing impact fees and public infrastructure.  The difference between assessment districts and CFDs within the SCIP program.  Why CFDs are becoming more common due to their flexibility around product type, tax rates, and eligible facilities.  How SCIP helps make public financing available to smaller projects that may not otherwise be able to access the bond market.  Why cities, counties, and districts often prefer to use CSCDA rather than managing district formation and bond issuance themselves.  How tax rate sensitivity varies across different California markets.  When developers and builders should begin engaging with CSCDA and RBC during the development process.  How SCIP can be used for early-stage infrastructure needs, including critical offsite improvements.   Show Notes James Hamill Contact Information W – https://cscda.org/contact/ O – (925) 476-5644 E – [email protected]  Bob Williams Contact Information W – https://www.rbccm.com/ O – (415) 445-8674 E – [email protected]  Plus: Whenever you're ready here are 4 ways Launch can help you with your project: (NOTE – PICK 4)  Prepare a Special Tax District Bond Analysis for your Project – If you have a projects in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA contact Carter Froelich and have Launch prepare an initial complimentary high-level bond analysis for your project.  Add Favorable Financing Language to Annexation and/or Development Agreements – Create certainty and flexibility related to your project's infrastructure financing by having Launch professionals prepare handcrafted favorable financing language for inclusion in your Annexation and/or Development Agreement. Contact Carter Froelich for more information. Perform The RED Analysis™ on your Project – We have developed a unique process at Launch called The RED Analysis™ in which we perform a diagnostic review of your project to determine possible ways to Reduce, Eliminate and Defer infrastructure construction costs in order to enhance project returns. Contact Carter Froelich for more information. Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ ("LRS") – Never lose track of your district eligible reimbursable costs and have Launch manage your district's costs reimbursement tracking, preparation of electronic reimbursement submittal packages and processing of your reimbursement requests with the district, jurisdiction and/or agency. Contact Curry Froelich for more information.   Complimentary Offers for Land to Lots™ Listeners Complimentary Land to Lots™ book: https://www.launch-mpc.com/offer  Complimentary Bond Sizing Analysis:  https://form.jotform.com/231376408765160