In Episode 110 of the Land to Lots™ Podcast, Carter Froelich continues his conversation with Tyler Cobb, Partner at Taft Law in Phoenix, Arizona, and the principal architect of Arizona House Bill 2999, on the state's new State Affordability Infrastructure District, or SAID, framework signed into law by Governor Hobbs on June 5, 2026.

Tyler shares his path into public finance, from starting as a summer associate at Ballard Spahr in Phoenix to representing developers on Arizona Community Facilities District transactions at a time when few public finance attorneys wanted that role, through his move to Taft a year ago. He then explains how House Bill 2999 came together, including the role of the Home Builders Association of Central Arizona, the year-long stakeholder engagement process, Governor Hobbs's focus on housing affordability, and the connection between cost of capital for horizontal infrastructure and the price of a finished home.

Lastly, Carter and Tyler discuss the state of district financing in Arizona, including the 1988 Community Facilities District Act, the local approval bottleneck that has made district formation unpredictable, Arizona's $347 million of new money district financing from 2019 through mid-2025 compared with Colorado, Texas, Florida, and Utah, rising horizontal construction costs, the taxpayer protection and disclosure requirements built into the SAID Act, and why the new framework governs how infrastructure gets financed rather than what gets built.

In this episode, you'll learn:

• How Arizona's Community Facilities District Act has worked since 1988, and why the extent of local involvement required to form a district became the primary bottleneck rather than any deficiency in the statute itself.

• Why Arizona financed $347 million of new money district infrastructure from 2019 through mid-2025 while Colorado financed $11.6 billion, Texas MUDs $8.9 billion, Florida CDDs $8.4 billion, and Utah PIDs $4.5 billion.

• How Governor Hobbs's focus on housing affordability, and Arizona's fall from 33rd to 45th in the nation on affordability, shaped the framing and the legislative path of the bill.

• Which features Tyler drew from Colorado metropolitan districts, Utah districts, Texas MUDs, and Florida CDDs while using the Arizona CFD Act as his drafting template.

• How the legislation builds in taxpayer protection through 100 percent landowner consent to form, a detailed formation petition, Arizona Finance Authority oversight, annual district reporting, and a homeowner disclosure form at resale.

• Why the SAID Act operates strictly as a special purpose financing act and does not touch zoning, entitlements, design standards, plans and specifications, or the conveyance and acceptance of completed infrastructure.

• Why the 6.5 percent annual rise in horizontal construction costs over the past six years, compared with roughly 3 percent per year in the twenty years before that, makes every year of financing delay more expensive for developers and homebuyers.

• How municipal concerns around staff capacity, administrative burden, and political exposure were addressed so that cities and counties keep their entitlement authority without having to administer additional districts.

Show Notes Tyler Cobb Contact Information W – https://www.taftlaw.com/ O – (602) 240-3035 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 project in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA, contact Carter Froelich and have Launch prepare an initial complimentary high-level bond analysis for your project.

1. 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.

1. Hold a 1-Hour Complimentary Project Vision™ and DOS Worksheet for your Project – If you have a project in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA, contact Carter Froelich and schedule a complimentary 1-hour Project Vision™ and DOS conversation for your project which will result in a high-level Project Path & Plan™ for your project. (Note: Projects should be 250 acres or more).

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

In Episode 109 of the Land to Lots™ Podcast, Carter Froelich talks with Tyler Cobb, Partner at Taft Law in Phoenix, Arizona, and the principal architect of Arizona House Bill 2999, on the state's new State Affordability Infrastructure District, or SAID, framework signed into law by Governor Hobbs on June 5, 2026.

Tyler shares his path into public finance, from starting as a summer associate at Ballard Spahr in Phoenix to representing developers on Arizona Community Facilities District transactions at a time when few public finance attorneys wanted that role, through his move to Taft a year ago. He then explains how House Bill 2999 came together, including the role of the Home Builders Association of Central Arizona, the year-long stakeholder engagement process, Governor Hobbs's focus on housing affordability, and the connection between cost of capital for horizontal infrastructure and the price of a finished home.

Lastly, Carter and Tyler discuss the state of district financing in Arizona, including the 1988 Community Facilities District Act, the local approval bottleneck that has made district formation unpredictable, Arizona's $347 million of new money district financing from 2019 through mid-2025 compared with Colorado, Texas, Florida, and Utah, rising horizontal construction costs, the taxpayer protection and disclosure requirements built into the SAID Act, and why the new framework governs how infrastructure gets financed rather than what gets built.

In this episode, you'll learn:

• How Arizona's Community Facilities District Act has worked since 1988, and why the extent of local involvement required to form a district became the primary bottleneck rather than any deficiency in the statute itself.

• Why Arizona financed $347 million of new money district infrastructure from 2019 through mid-2025 while Colorado financed $11.6 billion, Texas MUDs $8.9 billion, Florida CDDs $8.4 billion, and Utah PIDs $4.5 billion.

• How Governor Hobbs's focus on housing affordability, and Arizona's fall from 33rd to 45th in the nation on affordability, shaped the framing and the legislative path of the bill.

• Which features Tyler drew from Colorado metropolitan districts, Utah districts, Texas MUDs, and Florida CDDs while using the Arizona CFD Act as his drafting template.

• How the legislation builds in taxpayer protection through 100 percent landowner consent to form, a detailed formation petition, Arizona Finance Authority oversight, annual district reporting, and a homeowner disclosure form at resale.

• Why the SAID Act operates strictly as a special purpose financing act and does not touch zoning, entitlements, design standards, plans and specifications, or the conveyance and acceptance of completed infrastructure.

• Why the 6.5 percent annual rise in horizontal construction costs over the past six years, compared with roughly 3 percent per year in the twenty years before that, makes every year of financing delay more expensive for developers and homebuyers.

• How municipal concerns around staff capacity, administrative burden, and political exposure were addressed so that cities and counties keep their entitlement authority without having to administer additional districts.

Show Notes Tyler Cobb Contact Information W – https://www.taftlaw.com/ O – (602) 240-3035 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 project in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA, contact Carter Froelich and have Launch prepare an initial complimentary high-level bond analysis for your project.

1. 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.

1. Hold a 1-Hour Complimentary Project Vision™ and DOS Worksheet for your Project – If you have a project in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA, contact Carter Froelich and schedule a complimentary 1-hour Project Vision™ and DOS conversation for your project which will result in a high-level Project Path & Plan™ for your project. (Note: Projects should be 250 acres or more).

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

In Episode 108 of the Land to Lots™ Podcast, Carter Froelich continues his conversation with Charley Freericks, President of the Arizona Region of Howard Hughes Communities, about Teravalis, the 37,000-plus acre master plan community in Buckeye, Arizona.

Charley discusses how Howard Hughes' entry into Buckeye avoided organized opposition, crediting his reputation from Verrado, his relationships with city leadership, and a close working cadence with city staff as Teravalis moves through its zoning and development agreement process.

Carter and Charley then discuss Arizona's water supply and policy, including Teravalis's secured groundwater and the state's long-term water solutions, infrastructure financing through Community Facilities Districts and how that compares to Texas-style municipal utility districts, pending Arizona legislation aimed at modernizing those financing tools, school funding challenges in the West Valley, and the builder segmentation and amenity strategy that set Teravalis apart, including the removal of a legacy lake in favor of a planned 22,000-square-foot amenity complex.

In this episode, you'll learn:

• Why Howard Hughes Communities has faced no organized opposition moving into Buckeye, and how Charley's reputation from Verrado and his relationships with city leadership and staff have shaped a close working cadence with the city.

• How Teravalis's water supply is secured, including the 100-year guaranteed supply for Floreo, the South Hassayampa Valley groundwater basin, and Charley's take on Arizona's groundwater moratorium and long-term water policy.

• How Howard Hughes Communities is financing infrastructure at Teravalis through Community Facilities Districts (CFDs), and the reimbursement lag CFDs create compared to Texas-style municipal utility districts, plus pending Arizona legislation aimed at closing that gap.

• Why school funding and education bonds, including the recent failed Saddle Mountain Unified School District bond elections, are a growing concern for master plan communities in the West Valley.

• How Teravalis is differentiating itself through builder segmentation across a broad price spectrum, from the low $300,000s to the $700,000-$800,000 range, with seven builders on board and an eighth in the works.

• Why Howard Hughes removed a grandfathered lake amenity over water conservation concerns and replaced it with a planned 22,000-square-foot amenity complex.

• Charley's closing perspective on Arizona's water future, Teravalis's early-stage momentum, and his outlook for the community's long-term growth.

Show Notes Charley Freericks Contact Information - W - https://www.teravalis.com/ O - [602-834-9100] E - [[email protected]]

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

1. Prepare a Texas MUD Forward Funding Launch Bond Analysis® for your Project – If you have a project in Texas with a MUD, MMD or similar district contact Carter Froelich (ADD MY EMAIL LINK) and have Launch prepare an initial complimentary Launch Bond analysis for your project.

1. Prepare a Special Tax District Bond Analysis for your Project – If you have a project 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.

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.

1. 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 Carter 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

In Episode 107 of the Land to Lots™ Podcast, Carter Froelich talks with Charley Freericks, President of the Arizona Region of Howard Hughes Communities, about Teravalis, a 37,000-plus acre master plan community in Buckeye, Arizona.

Charley shares how he got his start in the land business at Grubb & Ellis in 1983 and the path that followed through Talley Industries, DMB, and Catellus, where he led the Novus Innovation Corridor on ASU's Tempe campus. He also explains how his long history with the Douglas Ranch property ultimately brought him out of retirement to lead Teravalis for Howard Hughes.

Carter and Charley then discuss the project Howard Hughes inherited, including outdated zoning and development agreements that required a major entitlement rewrite. They also cover Howard Hughes' long-term ownership model, the land-use strategy behind Teravalis' 100-year buildout, Peter Calthorpe's plan for approximately 12 villages, and the infrastructure and bridge-sequencing decisions guiding the project's next phase of growth.

In this episode, you'll learn:

• How Charley Freericks' decades of experience in land development and his longstanding connection to the Douglas Ranch property led him out of retirement to join Howard Hughes in 2024.

• Why the original Douglas Ranch and Trillium entitlements required a nearly 500-page rewrite before development of Teravalis could move forward.

• How Howard Hughes' long-term ownership model differs from the traditional merchant-build approach used by many master plan developers.

• How land use budgeting gives Howard Hughes the flexibility to adjust residential, retail, office, and multifamily uses throughout Teravalis' 100-year buildout.

• How Teravalis is planning for neighborhood retail, mixed-use commercial districts, and the future development of downtown Floreo.

• How Peter Calthorpe's land plan divided Teravalis into approximately 12 villages and sequenced growth around the Hassayampa River and existing infrastructure.

• Why bridge costs and the development opportunities they unlock are central to determining where Teravalis expands next.

Show Notes

Charley Freericks Contact Information -

W - https://www.teravalis.com/

O - [602-834-9100]

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 project 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.

1. Hold a 1 Hour Complimentary Project Vision™ and DOS Worksheet for your Project – If you have a project in AZ, CA, CO, ID, NC, NM, SC, TX, UT, WA contact Carter Froelich (ADD MY EMAIL LINK) and schedule a complimentary 1-hour Project Vision™ and DOS conversation for your project which will result in a high-level Project Path & Plan™ for your project. (Note: Projects should be of 250 acres or more).

1. 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.

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

In Episode 106 of the Land to Lots™ Podcast, Carter continues his conversation with Chris Meany, founding member of Wilson Meany, on the history, structure, infrastructure, financing, and entitlement complexity behind Treasure Island.

Chris shares the unique history of Treasure Island, from its origins as a man-made island and planned municipal airport to its role as the site of the Golden Gate International Exposition and later as a naval station. Carter and Chris then discuss the complicated public-private structure behind the redevelopment, including the BRAC process, public trust issues, infrastructure financing, tax increment, sea level rise planning, and the broader challenges of building housing in California.

In this episode, you'll learn:

• The history of Treasure Island, including its origins as a man-made island, planned airport, World's Fair site, and naval station.

• How the BRAC process shaped the transfer and redevelopment of the former military base.

• Why public trust land issues created a unique ownership and entitlement structure for the project.

• How the Treasure Island team approached seismic safety, ground improvement, sea level rise, and long-term infrastructure resilience.

• Why the project's CFD was structured to help fund future sea level rise adaptation.

• How tax increment and infrastructure financing districts became essential to funding the project after redevelopment agencies were eliminated in California.

• The importance of certainty, flexibility, and transparency when negotiating complex public-private development agreements.

• How CEQA, mission creep, and rising construction costs continue to impact housing production in California.

• Why Chris believes California must address the cost of building housing, not just the entitlement process

Show Notes Chris Meany Contact Information – O – 415 905 5300W – https://wilsonmeany.com/

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 and have Launch prepare an initial complimentary high-level bond analysis for your project.

1. 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.

1. 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

In this episode, Carter talks with Chris Meany, founding member of Wilson Meany, about the vision, planning, and complexity behind Treasure Island, one of the most ambitious urban infill redevelopment projects in California.

Chris shares his path into real estate development, including what first drew him to building "real things," and reflects on Wilson Meany's work on some of California's most iconic projects, including the San Francisco Ferry Building. From there, Carter and Chris begin unpacking the story of Treasure Island, the former naval station in San Francisco Bay that is being transformed into a major mixed-use, mixed-income community.

In this episode, you'll learn:

• How Chris Meany got started in real estate development and placemaking.

• The story behind Wilson Meany's role in the San Francisco Ferry Building.

• How Treasure Island evolved from a former naval base into a generational redevelopment opportunity.

• Why San Francisco viewed Treasure Island as a chance to create a new residential district without the same neighborhood opposition seen in other parts of the city.

• How the master planning team approached density, open space, affordability, transportation, and environmental goals.

• Why the ferry connection to downtown San Francisco became central to the project's planning strategy.

• How CEQA and entitlement challenges continue to impact large-scale housing and development in California.

Show Notes Chris Meany Contact Information – O – 415 905 5300 E –

Plus: Whenever you're ready here are 4 ways Launch can help you with your project: (NOTE – PICK 4)

1. Prepare a Texas MUD Forward Funding Launch Bond Analysis® for your Project – If you have a project in Texas with a MUD, MMD or similar district contact Carter Froelich (ADD MY EMAIL LINK) and have Launch prepare an initial complimentary Launch Bond analysis for 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. Hold a 1 Hour Complimentary Project Vision™ and DOS Worksheet 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 schedule a complimentary 1-hour Project Vision™ and DOS conversation for your project which will result in a high-level Project Path & Plan™ for your project. (Note: Projects should be of 250 acres or more).

3. 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.

1. 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

In Episode 104 of the Land to Lots™ Podcast, Carter Froelich is joined by colleagues from Land Advisors Organization and Land Advisors Capital for a candid discussion on what it takes to make land transactions work in today's Texas market.

The group shares what they are seeing across Dallas-Fort Worth, Austin, and Houston, including where deals are still moving, where builders are pulling back, and why transactions are taking more work than they did a few years ago. While Texas remains a growth market, today's projects need a clear path through entitlements, a realistic capital plan, and a thoughtful approach to district financing. The conversation breaks down what is working, what is slowing deals down, and how tools like the Launch Bond® are helping developers move projects forward.

In this episode, you'll learn:

• How land deals are being underwritten across Dallas-Fort Worth, Austin, and Houston.

• Why proven submarkets, school districts, infill locations, and entitlement certainty are becoming increasingly important.

• How sellers are adjusting to today's market through longer timelines, pricing resets, and more flexible deal structures.

• Why public finance tools such as MUDs, PIDs, TIRZs, and related districts remain critical to making Texas projects pencil.

• How private lenders, equity providers, and lot banking structures are adapting to current market realities.

• Why developers, lenders, and bond buyers are placing greater emphasis on certainty, absorption, infrastructure timing, and real project fundamentals.

• How the Launch Bond® is changing the landscape for Texas MUD forward funding by accelerating future reimbursements into current project cash flow.

• Real-world examples of how land brokerage, capital, and infrastructure finance came together on Texas projects including La Segarra, Wildflower Ranch, and Atwater.

• What Texas market participants expect over the next 12 to 18 months.

Show Notes

Carter Froelich P – 480-828-9555 E – [email protected]

Josh Cameron P – 512-327-3010E – [email protected]

Brett Greene P – 512-855-7525E – [email protected]

Hal Guggolz P – 512-327-3010E – [email protected]

Duane Heckmann P – 713-647-7800 E – [email protected]

Kirk LaguartaP – 713-647-7800 E – [email protected]

Austin Reilly P – 817-789-4696 E – [email protected]

Josh Watson P – 214-550-1550 E – [email protected]

Plus: Whenever you're ready here are 4 ways Launch can help you with your project: (NOTE – PICK 4)

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 and have Launch prepare an initial complimentary high-level bond analysis for your project.

1. 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

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

In this episode of the Land to Lots™ Podcast, Carter Froelich speaks with James Hamill, Managing Director of the California Statewide Communities Development Authority, and Bob Williams, Managing Director at RBC Capital Markets, to discuss one of California's most powerful infrastructure financing tools: the Statewide Community Infrastructure Program, commonly known as SCIP.

James and Bob share the history of the program, how SCIP has evolved from assessment district financing into a more flexible platform that includes CFDs, and why it has become such a valuable tool for developers, builders, cities, counties, and special districts across California.

In Part 1 of this conversation, you'll learn:

• How SCIP was created and why it became a practical tool for financing impact fees and public infrastructure.

• The difference between assessment districts and CFDs within the SCIP program.

• Why CFDs are becoming more common due to their flexibility around product type, tax rates, and eligible facilities.

• How SCIP helps make public financing available to smaller projects that may not otherwise be able to access the bond market.

• Why cities, counties, and districts often prefer to use CSCDA rather than managing district formation and bond issuance themselves.

• How tax rate sensitivity varies across different California markets.

• When developers and builders should begin engaging with CSCDA and RBC during the development process.

• How SCIP can be used for early-stage infrastructure needs, including critical offsite improvements.

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: (NOTE – PICK 4)

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 and have Launch prepare an initial complimentary high-level bond analysis for your project.

1. 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

In Episode 101 of the Land to Lots™ podcast, Carter wraps up his conversation with Robert Davis, focusing on how Seaside, FL was built and what developers can take from Robert's experiences.

On this episode, Robert walks through how the project progressed one street at a time, why they were intentional about not getting ahead of the market, and how they managed construction quality as the community grew. He also explains how builders were selected and overseen, and how the architectural review process helped maintain consistency without limiting creativity.

The conversation also shifts to some broader takeaways. Robert shares his perspective on how developers think about time, why most capital structures push the wrong decisions, and how Seaside was approached as a long-term investment rather than something to turn quickly.

In this episode you'll learn:

• How Seaside, FL was built one phase at a time without getting ahead of the market.

• The role of construction oversight and contractor selection in maintaining quality.

• How the architectural review process allowed for variety while preserving a cohesive vision.

• Why most developers misunderstand time and how that impacts decision making.

• How capital structure influences outcomes and why long-term thinking matters.

Show Notes

Robert Davis Contact Information –

E – [email protected]

W – https://seasidefl.com/

Plus: Whenever you're ready here are 4 ways Launch can help you with your project: (NOTE – PICK 4)

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 and have Launch prepare an initial complimentary high-level bond analysis for your project.

1. 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