Policy Area 2: Advocate for Energy Financing Programs & Infrastructure
To support this policy area, CDFA has identified the following legislative goals aimed at expanding these types of financing programs:
1. Create a new qualifying purpose for the exempt facilities category of PABs under the Internal Revenue Code named "renewable energy facilities" that includes allowances for assisting manufacturers with projects that encompass energy generation, transmission, and the sale of power
2. Support the permanent renewal and extension of federal tax credit programs for energy production and investment
3. Support the extension and increased authority of both the Qualified Energy Conservation Bond (QECB) and Clean Renewable Energy Bond (CREB) programs
4. Recommend and suggest new financing structures and/or improved methodology that can enable the federal government to support local renewable energy development, such as infrastructure banks, Property Assessed Clean Energy (PACE) bonds, and loan guarantee programs