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AB 464 - Oakland Ignores Small Business By Failing To Use AB 464 To Raise Billions Via TIF

AB 464 - Oakland Ignores Small Business By Failing To Use AB 464 To Raise Billions Via TIF - Video

AB 464 - Oakland Ignores Small Business By Failing To Use AB 464 To Raise Billions Via TIF (Tax Increment Financing). What is AB 464? Existing law authorizes the legislative body of a city or a county to establish an enhanced infrastructure financing district to finance public capital facilities or other specified projects of communitywide significance that provide significant benefits to the district or the surrounding community, including, but not limited to, the acquisition, construction, or repair of industrial structures for private use. This bill would include, in the list of facilities and projects the district may fund, the acquisition, construction, or repair of commercial structures by the small business, as defined, occupant of such structures, if certain conditions are met, and facilities in which nonprofit community organizations provide health, youth, homeless, and social services. Make Oakland implement AB 464 ASAP. Stay tuned.
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