Enhanced Infrastructure Financing District (EIFD)

Enhanced Infrastructure Financing District (EIFD): The City of Santa Cruz is working with Kosmont Companies Inc. to explore financial tools and strategies that could help bring new funding to support public infrastructure projects. City Council has acted by approving a resolution of Intention on 3/25/25. You can review the presentation HERE. 

Additionally, the Council Action established the Public Financing Authority (PFA)

PFA Roster can be found Here

PFA Meeting Minutes and Agendas can be found Here

Project & PFA Staff Liaison Contact information:   

Brian Borguno Development Manager bborguno@santacruzca.gov

Next steps:  

  • The EIFD Public Financing Authority is Scheduled to have their next meeting on Thursday October 16th at 9am, taking place in City Council Chambers 10.16.25 Agenda Packet 
  • The First Meeting of the EIFD Public Financing Authority is Scheduled for Thursday August 28th at 9am, and will take place in City Council Chambers.  8.28.25 Agenda Packet

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Watch the Community Presentation from 3/6/2025. 


What is an EIFD?
Does an EIFD create new taxes or change my property taxes?
Who approves an EIFD?
How long does an EIFD last?
What is the goal of Santa Cruz EIFD?
Is an EIFD a developer subsidy?