CDFI Fund Notice of Funds Availability Announced
Last week, the CDFI Fund announced the opening of the fiscal year (FY) 2008 round of its CDFI Program. The Notice of Funds Availability (NOFA), which governs the CDFI Program was published in the Federal Register on Friday, August 31, 2007. The CDFI Program application deadline is 5:00 pm Eastern Time on October 31, 2007. An applicant seeking financial assistance that is not currently certified as a CDFI must first submit a CDFI certification application.


2007 Development Finance Industry Survey
Help CDFA By Taking Survey Today! - Survey Closes on September 12th
CDFA is conducting a major industry survey to better understand and benchmark the economic development finance industry. Your responses will help the Council and its members understand the scope of development finance agencies and their use of various financing tools. This information will help CDFA educate and plan programming around the needs of the industry. >>>TAKE SURVEY



August 2007 Headlines:

Regulation: Cox Urges Senate Panel to Support Disclosure Reform Legislation
Posted on Wednesday, August 01, 2007
By Andrew Ackerman

IDBs: CDFA Releases Recommended Practices
Posted on Thursday, August 09, 2007
by Alison L. McConnell

Oberstar Wants Trust Fund for Bridge Repair
Posted on Thursday, August 09, 2007
by Humberto Sanchez

A Push for Transparency
Posted on Wednesday, August 15, 2007
by Andrew Ackerman

Legislation: FHLB Credit Enhancement Bill Gets Support in Congress
Posted on Tuesday, August 21, 2007
by Andrew Ackerman

Congress Gets Active on Development Finance
– August Recess Allows CDFA to Mobilize Grassroots Efforts –
Activity will be picking up in Washington as Congress returns from their summer recess. CDFA’s focus remains on assisting with the improvements to the laws governing IDBs and other federal financing programs. Congressional leaders were very active over the break discussing and addressing financing issues and announcing potential new programs and services.
TIF Policies & Guidelines Take Center Stage
As the use of TIF becomes more popular, many communities have begun to embrace the practice of using TIF policies and application guidelines. These policies and guidelines can help to ensure that there is a clear understanding of what TIF is and how it can be used within the community. Application guidelines also outline what a community anticipates to receive from applicants and the expectations for project success. CDFA is actively collecting sample TIF policies and application guidelines for community review and use. To submit guidelines, email Jessica Perko at CDFA.

CDFA TIF Primer: Understanding an Increasingly Widespread Tool
The CDFA Tax Increment Financing Primer is an introduction to the mechanics, history, geographic distribution and variety of uses behind one of the most widely applied development finance tools in the U.S. today.
Rural Financing Programs
Rural communities require access to capital and financial resources for new infrastructure, investment, growth and sustainability. However, the challenges facing rural communities are often far removed from urban and suburban needs. Rural communities often require specialized financing options that provide resources relating to agribusiness, broadband development, energy assistance and value-added business assistance. Several federal, regional and state agencies exist to assist in financing rural development. The major programs and players are highlight in the following article.

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.
Executive Director
Lake County Port Authority (OH)


The Tax Increment Finance Course (November 1-2) is a national event presenting best practices and guiding principles for the application of this tool. The course brings TIF deal-making and best practices into focus through a two-day program targeting the entire spectrum of TIF stakeholders. >>>LEARN MORE



Center for Economic Development Law - Oklahoma City, OK

City of Milwaukee, WI

Cobb County - Marietta, GA

National Association of Home Builders - Washington, DC

Northern Maine Development Commission - Caribou, ME

Ontario Ministry of Finance - Toronto, Ontario

Uptown Consortium - Cincinnati, OH

Village of Hempstead, NY



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.