Funding Mechanisms

Community partnerships are essential to implement this plan, and will need to pull from a number of various entities to create structures to trigger the variety of funding sources. And, the City of Oxnard will be the primary implementation arm of this plan, with assistance from the proposed
Downtown Director. The City will oversee development grants, such as the Community Development Block Grants, with other City departments contributing are important
partners in the implementation of this plan. Funding sources may include:

• Taxes (Short-Term, >5 years)
• Municipal Service Fees (Short-Term, >5 years)
• Special Municipal Services – Sewer, Water, Garbage, Water, Trash, Parking
• Capital Improvement Program (Short-Term, >5 years)
• Community Development Block Grants (Long-Term, <5 years)
• Revenue Bonds (Long-Term, <5 years)
• General Obligation Bonds (Long-Term, <5 years)
• Community Network Funding Sources and Partners
  (Long-Term, <5 years), including:

Department of Commerce, Economic Development Administration Economic Adjustment Assistance Program; Research and National Technical Assistance Program; Global Climate Change Mitigation Incentive Fund. Environmental Protection Agency, Brownfields Program. Smart Growth America, Leadership Institute, technical assistance program. Local Governments Commission technical assistance program.

We recommend a series of waivers and exceptions from Municipal Service Fees in order to fill Downtown’s vacant lots new housing units, founding Making Small Possible thresholds section above. These should be set in collaboration with the local development industry, city staff, and political leadership. The Reinvesting in Downtown fees should be reinvested in Downtown, and these waivers and reinvestments should be administered by the proposed Downtown Director.

There is a range of funding sources and incentives that may be brought into play to help build Catalytic Projects. The City can use one or more of the following mechanisms to assume portions of development costs, potentially to include property acquisitions and the funding of public and shared infrastructure that might include streets, alleys, civic spaces, utilities, and parking structures. Investments in the public realm also may create an environment that will support higher rents and thus make new development more feasible than previously presented.

• Enhanced Infrastructure Financing Districts
• Active Transportation Program Grants
• Crowdfunding
• Community Development Corporations
• Social Impact Bonds
• Tax Credits
• Affordable Housing and Sustainable Communities Program