In Episode 103 of the Land to Lots™ Podcast, Carter Froelich continues his conversation with James Hamill, Managing Director of the California Statewide Communities Development Authority, and Bob Williams, Managing Director at RBC Capital Markets, on the practical mechanics of using California’s Statewide Community Infrastructure Program.

This episode takes a deeper look at how SCIP proceeds are incorporated into a project pro forma, the difference between financing fees and financing infrastructure, and the timing considerations developers and builders should understand before entering the program.

James and Bob also discuss how agencies participate in SCIP, when taxable bonds may be used, and why the program can be a competitive advantage for both developers and municipalities looking to support growth.

In Part 2 of this conversation, you’ll learn:

• How developers should think about timing bond proceeds in the project pro forma.
• The difference between using SCIP to finance impact fees versus public infrastructure.
• Why infrastructure reimbursement typically requires completed improvements, agency inspection, and approved requisitions.
• Why using SCIP proceeds as construction financing is difficult under California public works requirements.
• How fee credits and reimbursements work when financing development impact fees.
• When taxable SCIP bonds may be used and how they differ from tax-exempt bonds.
• What steps are required for cities, counties, school districts, and special districts to participate in CSCDA and SCIP.
• Why SCIP can be a deciding factor in whether a project pencils for developers and builders.
• How municipalities can use SCIP as a tool to attract development without taking on the administrative burden of forming and managing districts themselves.
• The value of SCIP’s flexibility for small, medium, and large projects across California.