Moreno Valley approves participation in statewide bond programs to help smaller developers fund infrastructure Council authorized staff to participate in the California Statewide Communities Development Authority's SCIP program and the California Municipal Finance Authority's BOLD program, enabling voluntary tax-exempt special-assessment financing for development impact fees or public infrastructure paid by participating properties.

Moreno Valley is paving the way for smaller developers by joining statewide bond programs that offer tax-exempt financing for crucial infrastructure projects!

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