Redevelopment Agency Tax Allocation Revenue Bond Pool

The California Redevelopment Agency Pool, or Cal-RAP program, issued through the Association of Bay Area Governments, offers low cost, insured tax-increment financing for the capital projects of Community Development and Redevelopment Agencies throughout the state. This Program offers Agencies access to the municipal bond market at low "AAA" interest rates and lower costs of issuance are achieved through volume pricing. The Program provides both tax-exempt and taxable bond financing for eligible projects. Minimun size is generally $1,000,000.