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In response to the prompt by Board Member Lansburgh, Interim CEO Sandra Sigrist provided the following:
YCH and New Hope are working with the California State Community Development Authority (CSCDA)'s Community Improvement Authority (CIA) Joint Powers Authority (JPA), of which YCH is a member. The City of Woodland is also a member. The CIA JPA allows the parties to consider a development model whereby 70% - 80% of a development could be funded through Bond support for the project, with the remainder being provided through local government jurisdictions, business at the location, private funding, grant funding, etc. The American Rescue Plan funding with each of the jurisdictions is an ideal use for addressing this 20 - 30% financing gap for development or redevelopment projects throughout Yolo County.
Additionally, Board Member Lansburgh announced that on October 16, 2021, there will be a 150-year celebration of the City of Woodland. More info is available at www.celebratewoodland.org.
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