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Development of a model Infrastructure Capital Fund for pre-approved state, local and federal capital improvement projects
Objective:
To assist local and state government in reducing / eliminating critical infrastructure backlogs that potentially threaten the health and /or safety of its citizens
Plan Components:
- Must be identified public works, water treatment, wastewater treatment, market based and affordable housing, homeless transitional service centers and other capital improvement based city, county or state government projects, as well as public-private economic development initiatives, which have been pre-approved as part of the local / state government long – term capital improvement plan
- Structured as a traditional loan transaction, with waiver of principal & interest payments provisions, based upon pre – designated humanitarian project categories that address the needs of citizens within 130% of the local poverty income guidelines.
- Repayment provisions and time frame periods based upon revenue based vs. non-revenue based project categories, but all project funding interest rates guaranteed to be below market.
- No more than 40% of the targeted projects can fall within the Humanitarian project category.
Future Unlimited believes that its project based initiatives outline unique capital and human development platforms that will serve as models as to how to transform documented community needs, while embracing real estate development principals to supplement the job creation opportunities for citizens within 130% of the local poverty income guidelines.
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Operation Model Concept:
Future Unlimited has developed an economic development model that frames a series of unique approaches.
- Acquiring and developing capital assets that not only would be sources of ongoing job opportunities, but also allow for real estate development that would provide access to technology – based job training and career building employment alternatives.
- Where infrastructure repair and / or replacement is supported by existing revenue / fee, the ability to offer below market interest rates to reduce the debt burden of local and state government without raising taxes.
- Designating infrastructure – connected humanitarian support categories that would be eligible for the waiver of principal and interest payments as long as certain job creation thresholds were met or exceeded.
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