14 - Laserfiche WebLink

FOCUS and Potential Infill Incentives Once designated as a regional priority, an area would be eligrible to apply and compete for regional in- centives, as outlined later in this memo. Priority Areas would be eligible for capital funding. Potenfial Priority Areas could apply for planning funds. To pursue the ideas and process outlined above, the 2007 FOCUS program is built around the follow- ing key milestones. Mid-Febniazy Outreach meetings to local elected officials and senior appointed officials in all nine through April- counties to explain FOCUS; its relationship to other important regional programs, in- cluding RHNA, Projections, and the RTP; and the emergent opporhrnities for incentives March-June __ Meetings with individual local governments to explore priority development opportu- nities and parameters within their jurisdictions (Jurisdictions will be self-identified through the open process or solicited for participation because of their identification and ranking on the potential priority location map.) April 19'h ABAG General Assembly to summarize conclusions reached through the earlier con- sultations, to explore the ways in which additional support can be provided (particu- larly from new state programs) and to lack off the formal application process for Prior- ity Area or Potential Priority Area status June 29`h Deadline for initial round of applications July-August Meetings between regional staff and applying local governments to clarify individual priority area parameters September Round of county-level meetings to vet priority areas and potential priority areas with public and stakeholders October 18's ABAG General Assembly to adopt initial set of priority areas as part of regional growth strategy based on FOCUS After adoption Applications for planning and capital incentives Incentives 'T`here are two emerging sources of funds to assist in the implementation of FOCUS priority devel- opment objectives. There are heavy competing demands on both sources and neither is assured. The first source is state bond monies. At the November General Election, the voters approved a number of state bond propositions. Included within these propositions are accounts, which could be used to support the kind of smart growth (i.e., infill and transit-oriented development) that the Bay Area has been seeking through FOCUS. This table details the most likely sources of state incentive funds. ,r$ource„ ~ a ' ' + 5 «n iy '~ r'r x',~ts ~. b pPS b;i,~r2, ~i\tN'~..2 shay ~ ", lnc 1,,; ~., _ ..~f~cco`ur7tf,I. ~i,r~sa~? . t.,.~,~ .a 1 ' klY' i 5i .7:.~..rState .~,.. ^~ i ~ ~S rRe roil $sf`).a ro 1C Re Tonal Plannin ,Housin and Infi~ll Incentives $850 $141.4 ro 1C Transit-orientedDevelo ment $300M N ro 1C Housin -related Parks $200 $33.3 ro 84 rbanGreenin $90 $15.0 ro 84 Urban Fores $20 . $3.3 ro 84 Local and Re Tonal Parks $400M $66.SM ro 84 lannin Grants and Loans $90M $15.0 TOTAL $1950 $274.5 PAGE 10