In this episode of the Land to Lots™ Podcast, Carter Froelich continues his discussion 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.

Show Notes James Hamill Contact Information W – https://cscda.org/contact/ O – (925) 476-5644 E – [email protected]

Bob Williams Contact Information W – https://www.rbccm.com/ O – (415) 445-8674 E – [email protected]

Plus: Whenever you're ready here are 4 ways Launch can help you with your project:

1. Prepare a Special Tax District Bond Analysis for your Project – If you have a projects in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA contact Carter Froelich (ADD MY EMAIL LINK) and have Launch prepare an initial complimentary high-level bond analysis for your project.

2. Add Favorable Financing Language to Annexation and/or Development Agreements – Create certainty and flexibility related to your project's infrastructure financing by having Launch professionals prepare handcrafted favorable financing language for inclusion in your Annexation and/or Development Agreement. Contact Carter Froelich for more information.

1. Perform The RED Analysis™ on your Project – We have developed a unique process at Launch called The RED Analysis™ in which we perform a diagnostic review of your project to determine possible ways to Reduce, Eliminate and Defer infrastructure construction costs in order to enhance project returns. Contact Carter Froelich for more information.

2. Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ ("LRS") – Never lose track of your district eligible reimbursable costs and have Launch manage your district's costs reimbursement tracking, preparation of electronic reimbursement submittal packages and processing of your reimbursement requests with the district, jurisdiction and/or agency. Contact Curry Froelich for more information.

Complimentary Offers for Land to Lots™ Listeners Complimentary Land to Lots book: https://www.launch-mpc.com/offer Complimentary Bond Sizing Analysis: https://form.jotform.com/231376408765160