However, in 2015, the California Community Revitalization and Investment Authority Act was made law, providing for the creation of Community Revitalization and Investment Authorities (CRIAs), funded by Tax-Increment Financing. The primary purposes of CRIAs are the development or preservation of affordable housing for low and moderate income households (a minimum of 25% of TIF funding must be placed in an affordable housing fund) and creation or upgrading of public infrastructure in economically disadvantaged areas as defined under the provisions of the law. Additionally, Enhanced Infrastructure Financing Districts (EIFDs) may be created and financed by TIFs in California.
