January 2015
Mello Roos Community Facilities District Formed
Mayor Ed Lee signs into law legislation that creates a Mello Roos Community Facilities District (CFD) for the Transit Center District Plan (TCDP) area, which surrounds the new Transit Center. Developers choosing to upzone in the TCDP area must pay a special CFD tax to fund infrastructure needed to support upzoned (i.e. taller) buildings. The CFD represents a major new funding source for the Transbay Transit Center Program.
