Empowerment Zone Bonds

www.hud.gov/offices/cpd/economicdevelopment/programs/rc/tour/
www.http://www.treasurer.ca.gov/cidfac/ez.asp

The Empowerment Zone Bond Program is a federal program that allows the issuance of low-interest tax-exempt bonds for a wide variety of purposes in the most distressed communities in California. Empowerment Zone Bonds can be used for manufacturing, retail/commercial,and any service business that operates in a federal empowerment zone.

There are currently four federal Empowerment Zones in California:

  • Los Angeles,
  •  Santa Ana,
  •  San Diego, and
  •  an unincorporated section of Riverside County.