CDFA-Supported FHLB Legislation Signed Into Law
-- Letter of Credit Provision Part of Housing Bill --
After quickly passing both the House of Representatives and the Senate last week, President Bush signed the highly anticipated Housing Bill into law yesterday. Included in the bill is a CDFA-supported provision allowing Federal Home Loan Bank members to issue letters of credit on tax-exempt industrial development bonds (IDBs).
Unlocking the Financing Toolbox with SEDC
Toby Rittner, CDFA President & CEO, presented at the SEDC 2008 Summer Seminar on how communities can unlock the development finance toolbox. The presentation defines development finance, discussed industry trends, tools available and typical finance agency structure.
Major Victory for CDFA & FHLB
-- Success on Capitol Hill Highlights Productive Legislative Month --
The housing bill has dominated the last month in Washington, D.C. The Senate and House went back and forth several times with different versions of the bill before settling on its final form, which includes CDFA-supported legislation. In the end, it was a victory for CDFA and the FHLB on Capitol Hill.
The Diversity of Revolving Loan Funds - Four Successful Programs
This article examines four programs that serve as excellent models of the role a RLF can play in economic development as part of a larger development finance toolkit. They also represent four different approaches, ranging from a regional fund to a county- and city-wide program down to a fund targeting a specific neighborhood in an urban setting. For each program, a brief background history will be given followed by more specific analysis of components and features of the program, including goals, capitalization, loan standards/characteristics and measurements of success.
Tax Increment Financing in Southeastern Wisconsin
The Public Policy Forum released this Research Brief that examines the use of Tax Increment Financing (TIF) in Southeastern Wisconsin. The report makes comparisons of how TIF is used in Southeastern Wisconsin, the entire state and the city of Milwaukee as well as best practice policy recommendations.


Look Before You Leap: Tax Increment Financing in Jefferson Parish
Look Before You Leap: Tax Increment Financing in Jefferson Parish provides an overview of tax increment financing (TIF) and describes four TIF districts proposed in Jefferson Parish. It also reviews the perceived benefits of TIF, as well as the pitfalls and potential abuses of the mechanism. It concludes with recommendations concerning the future use of TIF in Jefferson Parish.



These article have been provided to CDFA courtesy of The Bond Buyer. CDFA Members receive discounts on new subscriptions to The Bond Buyer. Click here for more information.

Recent Headlines:

Housing Bill Lifts Every State's PAB Cap
Friday, July 25, 2008
By Patrick Temple-West

Senate to Vote on Baucus' AMT Bill
Tuesday, July 29, 2008
By Peter Schroeder

Turning Down the Volume
Monday, July 21, 2008
By Jack Herman

House Committee to Vote on Credit Rating Reform Bill
Tuesday, July 8, 2008
By Andrew Ackerman

Lessons From Tough Times: Understanding VRDO Failures
Monday, July 21, 2008
By Frank Sulzberger and Andrew Flynn

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
Member Benefits- Get Site Selection Magazine & The Bond Buyer Subscriptions at a Reduced Rate
Are you taking advantage of your member benefits? CDFA members are eligible for great discounts on subscriptions to the popular Site Selection Magazine and The Bond Buyer. Both discounts provide great savings on these top industry resources. >>>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
CDFA's 2009 Annual Development Finance Summit will take place May 5-7 in amazing Pittsburgh, PA. Mark your calendars for the premier development finance event of the year. >>>LEARN MORE


City of Norcross - GA

Lebenthal & Co. - New York, NY



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