DTA staff has worked with clients to obtain funding for both private development and public infrastructure through a variety of private sector sources and from state and local funding programs that are discussed elsewhere on this website. Private sector funding has been provided through both equity investments and loans, with public infrastructure being conveyed to public agencies through long-term leases. Conversely, DTA is actively involved in over a dozen projects utilizing tax-exempt lease revenue bonds issued through a nonprofit entity and then involving the private sector through land and project leases, developer payments, and long-term management contracts now permitted by the Internal Revenue Service under new safe harbor regulations for management contracts. This funding has been combined with Community Facilities District (“CFD”), Enhanced Infrastructure Financing District (“EIFD”), and Property Assessed Clean Energy (“PACE”) bond financing to ensure the viability of proposed projects. Additionally, DTA has been active in the New Markets Tax Credit (“NMTC”) Program, as noted elsewhere on this website, and has prepared the business plans and economic development justification studies necessary for funding to be awarded through this program.
DTA’s responsibilities related to public-private partnerships include: