2007 CDFA Development Finance Industry Report
In 2007, CDFA conducted an industry survey to better understand and benchmark the economic development finance industry. CDFA launched the survey during the 2007 Annual Summit and collected responses through September. In all, more than 150 development finance agencies submitted responses. The report primarily looks at agency demographics, its lead executive and use of development finance tools in calendar year 2006.


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. Click 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




Recent Headlines:

SEC Clarifies Disclosure Downgrade Stance
Monday, February 11, 2008
By ANDREW ACKERMAN

Buffett Offers Some Reinsurance
Pledges $800 Billion To Aid Bond Insurers
Thursday, February 14, 2008
By DAKIN CAMPBELL

Wrestling With Bond Insurance: It's a Matter of Scales
Tuesday, February 12, 2008
By JON FIEBACH BY JON FIEBACH

S&P Takes Action on Five Bond Insurers
MBIA, Ambac, CIFG Affirmed; FGIC, XL Fall
Tuesday, February 26, 2008
By Dakin Campbell

First Stimulus Package Passes Without New CDFA Bond Provisions
Additional stimulus packages already in the works
The first stimulus package and its $100 billion in taxpayer rebates has been passed to help jumpstart the economy through consumer spending. Additional economic stimulus measures were largely kept out of the first package, including legislation that would impact the usage of municipal bonds and IDBs.


President's FY 2009 Budget Blueprint: An Analysis of Federal Community, Economic, Homeland Security, Human Services and Transportation Programs
The National Association of Development Organizations (NADO) has released a report analyzing the President's Fiscal Year 2009 Budget Blueprint. It highlights proposed changes and cuts to development and community programs.

State Supplemental Tax Increment Financing Program: Missouri Department of Economic Development
The state of Missouri provides this fact sheet as a general overview of the TIF program, authorizing legislation and program criteria.


University North Park TIF Project
The City of Norman, Oklahoma created TIF District No. 2, University North Park TIF, in 2006. The mixed-use development is using TIF funding to finance road and other infrastructure improvements. This is a case study look at the UNP project and its use of TIF.

NABL Commonly-Asked Questions regarding Securities and Tax Implications of Auction Rate Bond Market Turmoil - February 2008
The recent turmoil in the public finance markets, particularly with respect to auction rate securities, has presented a number of new legal issues. These include questions pertaining to the federal tax and securities law implications of issuers' efforts to convert their outstanding auction rate bonds to other modes and to avoid failed auctions. NABL has provided the following question and answer document to address many of these concerns.


NCRC's $200 Million Strategic Partnership
In Washington DC, National Capital Revitalization Corporation (NCRC), a quasi-public economic development corporation, has partnered with Morgan Stanley to create to $200 million strategic partnership to fund neighborhood revitalization and land acquisition. This is great example of a public-private partnership in development finance.


Host the 2010 CDFA Annual Development Finance Summit
CDFA is looking for a host city and organizations for the 2010 Annual Development Finance Summit. Your city could host the most prestigious development finance event of the year and follow in the footsteps of great communities such as San Francisco, Austin, Miami, St. Louis and Pittsburgh. >>>LEARN MORE
CDFA Bookstore Offers Variety of Educational Resources
Need more resources for your development finance projects? Check out the CDFA Bookstore for resources on bonds, tax credits, tif and other tools. Members receive special discounts through CDFA's partnership with Novogradac & Company. >>>LEARN MORE


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. This course will set the stage for how to implement and maximize this important development finance tool. >>>LEARN MORE



Blackford County Economic Development Corporation - Hartford City, IN

Borough of State College, PA

Broward County - Fort Lauderdale, FL

City of Ashland, KY

City of Peoria, IL

County of Orangeburg, SC

Daviess County Economic Development Corporation - Washington, IN

King Hershey - Kansas City, MO

Louisville, KY Metro Government

Ogallala Community Redevelopment Authority - Ogallala, NE

Port of New Orleans, LA



To submit articles, events or job postings for publication in CDFA Update email CDFA.
To subscribe or unsubscribe to the email version of CDFA Update, or to report problems with links, contact CDFA.