Tax Increment Finance Program

The Vendor is required to provide to explore how tax increment financing- can support Connect SoCal implementation by providing locally driven, consistent funding streams to support sustainable transportation, housing production, climate resilience, and community development, aligning funding with the long-term vision for more connected, prosperous, and resilient communities.
- Tax Increment Financing (TIF) is a public financing strategy that leverages the increase in property values and economic activity generated by public investments—such as transit, infrastructure, and housing—to help fund those very improvements.
- The consultant shall manage and oversee all aspects of the project’s execution to ensure timely delivery, effective coordination, and high-quality outputs. This includes managing schedules, budgets, communication, and collaboration with agency and key stakeholders to support the development and implementation of agency Value Capture Program. The consultant shall coordinate all project management tasks closely with the agency Project Manager (PM).
- The consultant shall participate in regular project management meetings with agency (monthly, not to exceed 24 meetings per year). Meetings will primarily be conducted virtually (via Teams or Zoom). The consultant shall provide agendas at least two (2) days prior and submit meeting notes and action items within two (2) days of each meeting. Meetings will be used to review project status, schedule, budget, and address any issues that could affect timely completion.
- Identify practical barriers and enabling conditions for implementation across varied community contexts (coastal, inland, urban, suburban, rural).