Economic Development Recovery and Resiliency Playbook - Flipbook - Page 108
This type of collaboration provides a unique opportunity for organizations to help each other when a crisis threatens a
community. Partnerships like these are easy to encourage and ofer an excellent way to continue to support private sector
partners.
Philanthropy California. Known as Philanthropy CA, this is an alliance organization of the Northern California Grantmakers
(NCG), Southern California Grantmakers (SCG), and Catalyst of San Diego and Imperial Counties (Catalyst). The combined
membership of Philanthropy CA represents more than 600 foundations, corporate funders, philanthropic individuals and
families, giving circles, and government agencies that invest billions every year to support communities across the state, the
nation, and the world.
Philanthropy CA taps into the deep regional expertise and connections of funders to increase philanthropy’s impact in building
and sustaining thriving, equitable communities.
The organization deploys disaster resilience eforts toward:
• Sharing information about what’s needed now, emerging issues, and where funders can make the most of their
contributions;
• Publicizing trusted funds for relief and recovery;
• Advising how best to meet short- and long-term needs;
• Connecting funders, government partners, and organizations active in responding to the disaster; and
• Supporting funders with tools, connections, and expertise.
Investment Tools for Resilience
League of California Community Foundations (LCCF). As disasters resulting from natural hazards become more prevalent
in the state of California, the purpose of the LCCF Disaster Relief, Recovery and Resilience Fund is to provide a centralized
opportunity for funders to invest in disaster relief and recovery through community foundations’ trusted intermediaries who are
deeply connected to afected communities.
Qualifying Events. This fund will support the relief, recovery, and resilience for natural hazard events in communities
throughout California that meet the following minimum criteria:
• Disasters resulting from natural hazards and associated events, including wildfires and associated power outages (e.g.,
Public Safety Power Shutofs), drought, earthquakes, floods, severe weather events, and other natural hazards;
• Federal, state, or county emergency declaration; and
• Significant loss of life, loss of structures, evacuations, and/or local economic impact.
Tax Increment Financing (TIF). The TIF tools work by transferring the property tax revenues that flow from a designated
project area to the city, county, and other taxing entities. Additional tax revenue in future years is diverted into a separate
pool, which can be used to pay for improvements directly or to pay back bonds issued against the anticipated TIF revenue. In
California, TIF has historically been used by redevelopment agencies to raise funding for infrastructure improvements, housing,
and other projects in redevelopment areas. New financing mechanisms such as Enhanced Infrastructure Financing Districts
(EIFDs) and Community Revitalization Investment Areas (CRIAs) provide opportunities for public agencies to create more
economic development within your community.
CALED has created a technical TIF Committee composed of expert practitioners, attorneys, and consultants to assist in sharing
knowledge and resources to help California communities leverage these tools.
EIFDs and CRIAs provide local governments a way to finance certain projects with tax increment. These tools authorize the
broadest uses of tax increment allowed in California since redevelopment agencies were eliminated and therefore generate a lot
of interest as replacement tools.
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CALED | Economic Development Recovery and Resiliency Playbook
