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    Home»Finance»Nevada County Joins Statewide Program to Finance Infrastructure for New Housing and Development
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    Nevada County Joins Statewide Program to Finance Infrastructure for New Housing and Development

    adminBy adminSeptember 11, 2025No Comments2 Mins Read
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    Nevada County Joins Statewide Program to Finance Infrastructure for New Housing and Development
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    Nevada City, Calif. – The Board of Supervisors on Tuesday approved Nevada County’s participation in a state-sponsored public financing tool that helps fund critical infrastructure for new housing and development projects.

    Administered by California Statewide Community Development Authority (CSCDA), the Statewide Community Infrastructure Program (SCIP) enables property owners and developers to finance public infrastructure like roads, water, sewer and parks through tax-exempt bonds. The bonds are repaid over time by the property owners of new development, not existing residents.

    Participation in the Statewide Community Infrastructure Program will not require the County to pledge any funds, assume any liabilities, or incur any financial obligation, as all financial responsibility lies with the participating property owners.

    Nevada County has been a member of the CSCDA since 1993 through a Joint Powers Agreement. By formally authorizing SCIP participation, the County now joins neighboring jurisdictions, including Grass Valley, Roseville, and Placer, Yuba, and Butte counties—that already use the program to facilitate housing and commercial development.

    The decision follows a discussion at the 2025 Board Workshop that explored innovative financing and incentive tools to help meet the County’s housing and economic development goals. SCIP was identified as a top priority initiative because it provides a practical option to reduce upfront infrastructure costs that often delay or prevent new projects.

    Learn more at CSCDA.org.

    County Development finance Housing Infrastructure Joins Nevada Program Statewide
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