IMPACT · For Local Agencies
Impact fees paid at closing. Nothing on your books.
IMPACT lets developers in your jurisdiction finance their impact fees through CalMuni PFA. Your agency adopts one resolution. CalMuni PFA forms the district, issues the bonds, and handles the administration.
For Your Agency
What your agency gets
Fees in full, up front.
Eligible impact fees are paid to your agency when the bonds close, not lot by lot as permits are pulled.
No debt and no liability.
The bonds are not an obligation of your agency or its general fund.
No ongoing staff role.
CalMuni PFA runs the proceedings, the levy, and the annual administration.
A tool to offer every developer.
Projects move faster without changing your fee program.
Your Role
What your agency does
One board or council action.
A single resolution (1) makes your agency a non-voting member of CalMuni PFA and (2) consents to CalMuni PFA forming the district within your jurisdiction. We prepare the resolution and staff report. Membership is free and carries no obligation.
The Process
How it works
- 01
A developer applies and CalMuni PFA confirms the project fits.
- 02
Your agency adopts the consent resolution.
- 03
CalMuni PFA forms an assessment district or community facilities district over the project parcels, with the landowner’s approval.
- 04
CalMuni PFA issues the bonds and your agency receives the fees at closing.
- 05
The annual levy appears on the property tax bill and passes to each homebuyer at sale.
Program Tiers
Two programs
IMPACT Direct.
$500,000 to $5 million in impact fees, privately placed without a public offering. Built for infill and smaller subdivisions.
IMPACT Direct for developers →IMPACT.
Larger projects, publicly offered, including eligible public infrastructure.
Questions
Questions agencies ask
No. They are limited obligations of the Authority, payable solely from the levy on the benefiting parcels, and are not a debt of your agency or the State.
No. CalMuni PFA is the issuer, and the bonds are not your agency’s debt.
Every financing is underwritten to an independent appraisal and to a limit on the total tax burden, and the levy is disclosed to buyers before they purchase.
CalMuni PFA, at no cost to your agency.
See what IMPACT could mean for projects in your jurisdiction.
Lloyd Hedenland, Senior Project Managerlloyd@calmunipfa.com(916) 258-4046
Kelsey Weist, Senior Project Managerkelsey@calmunipfa.com(530) 636-3364
Every financing is subject to CalMuni PFA board approval and due diligence.