IEDC Test

One party purchases land from a second party and leases it back to the second party.  Often, the public sector purchases an asset from a developer or other party and then leases it back to the developer.  The cash secured by the developer from the sale of the property to the public sector can be used for redevelopment purposes.

Arrangement where a public agency leases a property from one party and then subleases that same property to a noncredit tenant (e.g. farmers market.)

A loan secured by a second mortgage on a property, sometimes used to refer to any financing techniques other than equity and first-mortgage debt.

Markets where ownership of an investment is transferred from the one owner, usually the original, to another.

Provide front-end financing for large-scale physical development projects to city agencies that are eligible for and receiving CDBG funds.  Eligible communities can borrow against their CDBGs to finance economic development projects.