"To guide the investment of Cap-and-Trade auction proceeds, the Department of Finance, in consultation with the Air Resources Board and other State agencies (Administration), is required to submit a triennial Investment Plan to the Legislature. The Investment Plan identifies priority investments that will help California achieve its greenhouse gas (GHG) emission reduction goals while realizing additional health, economic, and environmental benefits."

1. Fiscal Years
2016-17
through
2018-19
CAP-AND-TRADE AUCTION
PROCEEDS
SECOND INVESTMENT PLAN
Version 2.0 1

2.  The implementing legislation (AB 1532, SB 535, and
SB 1018) establishes the GGRF, the process for
allocating auction proceeds, the eligible uses for
those proceeds, and the minimum level of
investments in or benefiting disadvantaged
communities.
 The implementing legislation establishes a two-step
 process for allocating funding to State agencies:
PROCESS FOR ALLOCATION OF AUCTION
PROCEEDS
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3.  Community residents or local governments with jurisdiction in
these disadvantaged communities may be well positioned to
identify projects
 The projects need to reduce GHG emissions to meet local needs
and support community-wide transformation.
 These local governments could serve as conveners for the
community to choose project types from a menu of potential
projects,
 Provide technical assistance within the community, and
 Offer feedback to the State agency(ies) administering the
funding for the projects selected by the community
GAP ANALYSIS FOR LOCAL CONSITUENCY
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4. Parent
Agencies and
Approprations
FUNDING CATEGORIES
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5. TRANSPORTATION RELATED
Parent Agency
How money is
distributed – award
process
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6. STRATEGIC GROWTH COUNCIL
SUSTAINABLE COMMUNITIES
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7. LOW CARBON TRANSPORTATION
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8. LOW INCOME WEATHERIZATION
Methods
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9. ENERGY EFFICIENCY IN PUBLIC BUILDINGS
First come
first serve!
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10. SMART CLEAN AGRICULTURE
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11. WATER CONSERVATION
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12. WATER CONSERVATION
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13. HEALTHY FORESTS AND
WASTE DIVERSION
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14. INVESTMENT BY REGION
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15. DISADVANTAGED COMMUNITY %
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16. GGRF INVESTMENT ANALYSIS
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17. Fiscal Years
2016-17
through
2018-19
CAP-AND-TRADE AUCTION
PROCEEDS
EXAMPLE PROJECTS
Version 2.0 17

18. TRANSIT ORIENTED
AFFORDABLE HOUSING
SUSTAINABLE COMMUNITIES
Example
Projects
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19. HOUSING
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20. 20

21. AWARDED PROJECTS
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22. MIRAFLORES SENIOR HOUSING - RICHMOND
CA
 Developer – Eden Housing
 Dollar Award - $5,077,558
 Scope - Remediation of an
existing 14 acre Brownfield
site and construction of a
new neighborhood,
including restoration of
Baxter Creek, adaptive
reuse of existing historic
structures, and a new
greenbelt with urban
agriculture.
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23. AMTRAK – Transit Oriented
$8 million from Cap and Trade
Greenhouse Gas Emission
Reduction Funds
TRUCKEE TRANSIT ORIENTED
DEVELOPMENT
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24. CAMINO 23 – OAKLAND
 32 affordable apartments
 Transportation improvements,
GHG reductions through
greater public transit and
bicycle use
 improved streetscapes and
enhanced connections to
stations and jobs.
 Collaborators - SAHA, the City
of Oakland’s Departments of
Public Works and Housing and
Community Development. AC
Transit.
Satellite Affordable Housing Associates
(SAHA) provides quality affordable homes
and services that empower people and
strengthen neighborhoods.
http://www.sahahomes.org/mission 24

25. APEC INTERNATIONAL LLC – HOTEL FRESNO
 APEC International LLC, which
purchased the Hotel Fresno
property in 2014, plans to spend
$23 million to rehabilitate the
seven-story structure and build 79
residential apartment units.
 $4.2 million awarded from Cap and
Trade via Strategic Growth Council
 The Los Angeles-based developer’s
plan, which won city council
approval in late 2014, calls for 39
new residential units that would be
leased at the market rate and 40
units that will be rented as
affordable housing
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26. GGRF
TRANSPORTATION
RELATED PROJECTS
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27. AWARDED PROJECTS - 2015
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28. Project Funding – Federal Transit
Administration (FTA). Transit
Intercity Rail Capital Program
(TIRCP), Affordable Housing and
Sustainable Communities
Program (AHSCP), TransNet, the
regional half-cent sales tax for
transportation administered by
SANDAG
$113 million - 26-mile Rapid
route will run between the Otay
Mesa Port of Entry and Downtown
San Diego via eastern Chula Vista
$15 million will be used to
purchase 16 new Rapid vehicles.
SAN DIEGO SOUTH BAY RAPID PROJECT
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29.  Purchase of 9 Fuel-Efficient Tier IV Locomotives Project
 On August 27, 2015, the Commission approved Resolution TIRCP-1516-01
to allocate $41,181,000
 Carl Moyer funds
 The amendment will enable SCRRA to maximize the use of all its grant
funds toward the procurement of 20 new Tier IV locomotives. Local funds
will be applied to all 20 locomotives.
 With TIRCP funds matching increased funding from other partners, the
greenhouse gas reductions for the entire procurement of 20 locomotives is
anticipated to be greater than original grant request.
ISSUE:
 In order for SCRRA to use Carl Moyer funds, a financial allocation
amendment to Resolution TIRCP-1516-01 is needed to revise the project
description from “Replace seven and purchase two additional locomotives
to increase services on the Antelope and Ventura Lines” to Purchase nine
locomotives that contribute to the purchase of 20 locomotives that
complete Metrolink’s locomotive
 replacement program and expand service with three locomotives.
TRANSIT AND INTERCITY RAIL PROGRAM (TIRCP) TO THE
SOUTHERN CALIFORNIA REGIONAL RAIL
AUTHORITY
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30.  http://valleyvision.org/sites/files/pdf/ggrf_capital_region_fin
al_12_18_15.pdf - Graphs by Region
 San Diego South Bay Rapid Transit -
http://www.sandag.org/uploads/publicationid/publicationid_
1442_9903.pdf
 Need to insert accomplished projects
 Need to insert clean transportation project examples.
REFERENCES & NEEDED INFO
Draft Document
Felix Lopez
FAL1@pge.com
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