Tax Credit Resource Library Now Online
Nearly 50 Resources Currently Available
The Tax Credit Resource Library is the Council’s newest catalog of reports, case studies, articles, and research information specific to tax credit finance programs and practices. The library features contributions from a wide variety of tax credit industry stakeholders, including state/federal agencies, industry service providers, credit users and program supporters. Inside you’ll find resources for novice and advanced practitioners, from understanding the basics to complex cast study analyses. CDFA has been building this database for the past few months and continues to add new resources as they are contributed. CDFA also seeks case studies, program descriptions and other electronic publications for inclusion in this new database.

The Tax Credit Resource Library includes links that provide information on:
  • Understanding Credits
  • Historic Rehab Credits
  • New Markets Tax Credit
  • Environmental Credits
  • Housing Credits
Connecting Smart Growth and Economic Development
Free Publication Profiles 8 Case Studies
A new report features eight different case studies to illustrate the connections between smart growth development and a community's employment sector, wealth, and quality of life. Edited and co-authored by current CDFA Director of Research and Technical Assistance Alex Iams, this International Economic Development Council publication presents projects that utilize smart growth principles while creating jobs, new businesses, increased tax revenues, and other indicators of economic growth. Click below to download a free copy.

August 2006 Headlines:

First-Half Issuance Declines Nearly 15%
Posted on Monday, July 03, 2006
By Michelle Kaske

Bond Counsel: Re-Branded Peck Shaffer Aims to Remain a Player in Muni Market
Posted on Tuesday, July 11, 2006
By Tedra Desue

Housing: With Fannie Mae in Holding Pattern, Other Buyers Fill the Void
Posted on Friday, July 21, 2006
By Jacob Fine

Florida Firm to Use Tax-Exempt Bonds For Financing Special Treatment Facility
Posted on Thursday, July 20, 2006
By Shelly Sigo

Chicago-Based LaSalle to Sell Muni Trustee Business Before End of Year
Posted on Wednesday, July 26, 2006
By Yvette Shields

CDFA Legislative Strategy Revised
In-Depth: Movement on Bills to Reauthorize New Markets Tax Credits and Brownfield Funding
CDFA's Legislative Committee was busy in July working to update and revise the organization's 2006 Legislative Agenda. With passage of the Council's Cap Ex amendment in May, the committee has re-examined the strategy and has laid out a new approach for the remainder of the year. Additionally, CDFA has lent support to two measures in Congress that will reauthorize both the New Market Tax Credits program and brownfield clean-up funding.

News and Observer: CDFA Consulted for Tax Increment Financing Story
Raleigh Area Explores NC's Newest Development Finance Tool
The News and Observer, a daily paper serving the Raleigh, Durham, Cary and Chapel Hill areas of North Carolina, contacted CDFA to obtain information for its July 14th story about the North East Hills tax increment financing district in Raleigh. CDFA Director of Research and Technical Assistance Alex Iams commented for the article, which describes the history of TIF and profiles projects in cities across the US. With the community seeking more information on the background of this tool and some questions about its current application, The News and Observer asked CDFA for legislative beginnings and the emergence of TIF as a common development finance strategy. Visit the TIFC Center to read this article and dozens of others about tax increment financing.


Featured Resource: Policy Guidelines for Tax Increment Financing
Check out how cities such as Kansas City and Minneapolis have developed comprehensive policies and procedures for the application of tax increment financing in those areas. These policies (1) help guide city staff in forming recommendations regarding the use of tax increment financing and negotiating contract terms with developers; (2) provide a framework within which elected officials can evaluate and compare proposed TIFs; and (3) inform the public of the City’s position on the use of tax increment financing. These issues and more will be topics of discussion at CDFA's November 7th Tax Increment Financing Practice and Policy Symposium in Baltimore, Maryland.

Breaking Down the New $20 Million IDB Capital Expenditure Limitation
In May of 2006, CDFA’s capital expenditure limitation amendment passed Congress, and was signed by the President. This was a major legislative victory for the organization after nearly two years effort to pass the amendment. Effective December 31, 2006, the capital expenditure limitation is increased from $10 million to $20 million. This article reviews the recent change in the capital expenditure limitation from $10 million to $20 million for qualified small issue bonds (IDBs) for manufacturers. The article examines what the change means and how it works with the $10 million small issue bond limitation and provides case study examples.

TIF Across America – 5 Case Studies
The Diversity of Tax Increment Financing
This CDFA Fact Sheet showcases five case studies to demonstrate various uses for tax increment financing in communities nationwide. While not an exhaustive list by any means, these projects show just how flexible and important TIF has become in developing a wide variety of projects. Read on for more about these five applications:
  • New Urbanism – Town Center, Virginia Beach VA
  • Brownfields Redevelopment – Roads Shop Site, Milwaukee WI
  • Public Transportation – MetroRail, Houston TX
  • Entertainment District Development – Gallery Place, Washington DC
  • Main Street Revitalization – Sistrunk Boulevard, Fort Lauderdale FL


JOB ANNOUNCEMENT

Executive Director
Columbus-Franklin County Finance Authority
Columbus, Ohio
Newly created central Ohio port authority is seeking qualified candidates for this leadership position, who will plan, organize, and direct port authority resources, and interface with the Board of Directors. Port Authority’s mission is to provide creative and attractive financing alternatives to the private and civic sectors to enhance economic development in central Ohio.
Peer-based Technical Assistance
CDFA technical assistance is a fee service available to organizations and communities in the development finance industry. Technical assistance ranges from helping clients develop and apply specific financing tools to sharing successful models from other geographic areas. The program utilizes a peer-based approach, drawing advisory teams from an expert network of CDFA members and affiliates. Teams work directly with clients through site visits and interviews, and conduct research to reinforce recommendations.

Strategic planning, advisory seminars, workshops, and custom research are available within the budget of organizations small and large. Whether your group issues bonds, facilitates small business development, or manages incentive programs, CDFA can shed new light on existing activities and provide directions for the future. For more information, please contact Alex Iams, Director of Research and Technical Assistance and click here to visit the program webpage.


The Tax Increment Financing Practice & Policy Symposium (November 7 in Baltimore) is an interactive event focusing on model applications in tax increment financing and highlighting the industry’s most pressing issues. Dissect a TIF deal from start to finish, from the community vision and redevelopment plan to bond issuance and post-project monitoring. Also explore community and public policy issues, including guidelines for effective policy, issues to consider before issuing bonds, and the emerging economic development vs. corporate welfare debate.>>>LEARN MORE
The Tax Credit Finance Course (November 8-9 in Baltimore) provides an in-depth examination of the application of tax credit programs in greater economic development finance efforts. This is the second year that CDFA has offered this course. Last year's course was a sell-out so please register early to secure your place at this event. >>>LEARN MORE



Strnisha Development Advisors - Cleveland, Ohio

Southern Idaho Economic Development Organization - Jerome, Idaho



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