Preview the 2008 CDFA Annual Development Finance Summit
Diverse Development Finance Program Makes the 2008 Annual Summit the Most Prestigious Industry Event of the Year
CDFA’s 2008 Annual Summit will take place in amazing St. Louis, MO on April 29-May 1. The program has been finalized and includes dozens of sessions featuring the industry’s top leaders. Networking, tours, seminars, the Practitioner's Showcase and success stories from throughout Missouri will be on display. Clink on the links below to learn about and register for the 2008 Annual Summit.
>>> Program & Speakers
>>> Practitioner's Showcase: Best RLF Program
>>> Sponsorship Opportunities
>>> Hyatt Regency St. Louis at Union Station
>>> Amazing St. Louis
>>> Register Now


Call for Entries: Best Revolving Loan Fund Program
2008 Practitioner’s Showcase Highlights Best RLF Programs Nationwide
Does your agency operate a successful or innovative RLF program? If so, consider applying for CDFA’s 2008 Practitioner’s Showcase: Best RLF Program competition. The 2008 Practitioner’s Showcase will recognize outstanding development finance programs and success stories from the revolving loan fund industry. The 2008 Showcase highlights the nation’s finest and most successful RLF Programs. CDFA is looking for excellence, efficiency and expertise in creating deal flow, marketing programs, executing loans, monitoring success/failure and raising the awareness of this important economic development finance tool.



The State of State Disclosure: An Evaluation of Online Public Information
Good Jobs First released a report in November 2007 that examines the information made available by states with regard to their economic development activities. The report looks at how states are using the Internet to disseminate information to the public and the quantity and quality of the information made available. The study looks at three main areas: economic development subsidies, procurement contracts and lobbying activity.




Recent Headlines:

Legislation: Senate Approves Compromise Bill Providing AMT Relief for One Year
Posted on Monday, December 10, 2007
Source: Bond Buyer
By Alison L. McConnell

Legislation: No CREBs From House
Posted on Wednesday, December 19, 2007
Source: Bond Buyer
By Humberto Sanchez

Finance Committee Members Propose Extra Private-Activity Cap Expansion
Posted on Thursday, December 20, 2007
Source: Bond Buyer
By Peter Schroeder

Legislation: House Approves $555B Omnibus Spending Package for 2008
Posted on Thursday, December 20, 2007
Source: Bond Buyer
By Humberto Sanchez

Private-Activity Bonds: PAB Cap Boosted To $28.48B
Posted on Thursday, December 27, 2007
Source: Bond Buyer
By Andrew Ackerman

OutLook 2008: Congress to Return With Full Agenda
Posted on Wednesday, December 26, 2007
Source: Bond Buyer
By Alison L. McConnell

Congress Works on Bonds and Spending Bills in December
Budget Battles Grab the Headlines as CDFA Prepares for 2008 Legislative Season
December is typically a slower month for industry initiatives such as CDFA’s legislative agenda as Congress usually prepares for its holiday recess. The past month was dominated by appropriations battles and last minute deal making heading into 2008. Congress did address a number of bond finance related measures impacting energy, aggie and stadium bond financing. CDFA was also busy in December preparing for the upcoming legislative season.

Tax Increment Financing Set-Aside for Affordable Housing
In 2006, the Portland Development Commission analyzed affordable housing expenditures in relation to their TIF policies. The Portland City Council specifically desired a policy that dedicated a percentage of TIF revenues from all Urban Renewal Districts citywide to an affordable housing set aside fund, or to create a mechanism that ensured adequate funding and prioritization for individuals and families earning 80 percent of the Median Family Income or less. This report from the Commission summarizes the actual and forecasted TIF expenditures for affordable housing.


NCBG's Chicago TIF Encyclopedia
The Neighborhood Capital Budget Group put together this resource as a reference guide for TIF in Chicago. The publication identifies what TIF is, how they work, lessons learned and makes recommendations for improvement.

Subprime Mortgage Loss Impacts on Bonds & Business Loans
Market Obstacles Will Subside in 2008
This article takes a look at some of the subprime mortgage loss impacts on municipal bonds, particularly IDBs (small issues for manufacturers) and 501(c)(3) bonds. It also examines the likely effects of the credit crunch created by subprime mortgage losses on business loans. As of the week of December 10, 2007, the tightening of credit globally and other factors resulting from the meltdown of collateralized debt obligations (CDO’s) backed, at least in part, by subprime mortgages was impacting the municipal market.


What are Advanced Refundings and How Do They Work?
Republished Updated Version
CDFA has republished the following spotlight article after making changes to the original version released last year. This article discusses advance refunding of tax-exempt bonds, why they are done, and how these transactions are executed.

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. For more information, please contact CDFA or visit the program webpage.
To post a job visit CDFA's Career Services page. >>> LEARN MORE

The Tax Credit Finance Course (January 24-25, 2008 in Washington, DC) offers an in-depth look at the implementation of tax credits for financing and stimulating new investment. This course is nearly sold out so register now to secure your space. >>>REGISTER NOW
The 2008 CDFA Annual Development Finance Summit will take place May 29-April 1 in St. Louis, MO. The 2008 Annual Summit is the premier gathering of the development finance industry. >>>REGISTER NOW
CDFA’s Tax Increment Finance Course (July 17-18 in Washington, DC) offers an in-depth look at the guiding principles and appropriate application of TIF. This course brings TIF deal-making and best practices into focus through a two-day program. >>>LEARN MORE
The Development Bond Finance Course(September 18-19 in Washington, DC) offers an in-depth look at tax-exempt financing, with an emphasis on Industrial Development Bonds for manufacturers and nonprofits. IDBs are an important economic development tool that can bring economic growth to your community or expand your client base. >>>LEARN MORE
CDFA's new training course, the Revolving Loan Fund Essentials Course, will debut November 20-21, 2008 in Washington, DC. More information is coming soon. Save the date to attend.



Economic Development Corporation of Kansas City, MO

Calfee Halter & Griswold - Columbus, OH

Detroit Shoreway Community Development Organization - Cleveland, OH

Kingsport Housing & Redevelopment Authority - Kingsport, TN

Town of Gilbert, AZ



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