Boomerang funds is a term being used for the Redevelopment Agency (RDA) tax increment receipts that are now (since dissolution of the RDAs) being paid to various taxing entities, rather than to the RDA. There has been some success in persuading these taxing entities, including Mountain View, to return a small amount of these funds (typically equivalent to the 20% set aside) for affordable housing purposes.
« Back to Glossary Index