Connect underfunded local projects with developers or private investors seeking mitigation opportunities, expanding access to non-grant capital sources.
Challenge/Local/State
Priority Area: Funding Access and Capacity Building
Description
State Solution
(Type of Activity: Policy/Regulation )
Existing Examples of Progress: 1. CEQA Mitigation Bank (under LCI’s EO N-224-23 directive) – A new mechanism connecting developers’ mitigation payments to a curated list of shovel-ready, unfunded projects statewide, improving resource efficiency and expanding access to nontraditional funding sources. 2. California Carbon Sequestration and Climate Resiliency Project Registry (SB 27, 2021) – A model for integrating grant applicants who were not selected into a publicly accessible registry that can attract both public and private investment
Region: Inland Deserts
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