Thu 8:00 AM |
Registration & Breakfast Open
Confluence Foyer
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Thu 9:00 AM - 10:00 AM |
Welcome to the CDFA National Development Finance Summit!
Confluence Ballroom
Join CDFA and this year's Presenting Sponsor, Colorado Housing and Finance Authority, as we kick off the 2022 National Development Finance Summit. This welcome will also include a presentation from members of the 2022 Caren S. Franzini Fellowship, which recognizes outstanding women in development finance for their leadership and dedication to the advancement of the industry.
Each year, the Franzini Fellows collaborate on a project of significance to the development finance industry. This year’s capstone looks at the health and economic crisis of 2020 and how the development finance industry deployed resources, especially from the CARES Act. By examining financial data and our lived experiences, we aim to understand how our industry changed as a result.
Speaker(s)
- Erin Baca, Alaska SSBCI Equity Fund Director, Alaska Small Business Development Center
- Magarita Jules, SBA Business Development Officer, First Bank and Trust
- Jennifer Litwak, Executive Director, Housing on Merit
- Toby Rittner, President & CEO, Council of Development Finance Agencies
- Ellen Roth, Executive Administrator, NASDA - National Association of State Departments of Agriculture
- Marina Scarth, Senior Credit Underwriter, New Jersey Economic Development Authority
- Cris White, Executive Director and CEO, Colorado Housing and Finance Authority
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Thu 10:15 AM - 11:00 AM |
Breakout Sessions
Bond Financing in an Unpredictable Market
Platte River
It has been almost three years since the outbreak of COVID-19 and the crisis has changed the economy significantly. Bonds, as the bedrock of public development finance, serve as the primary source for financing most community projects. During this session, hear experts discuss how the ongoing pandemic has affected the municipal bond market and analyze the challenges and opportunities facing a fluctuating bond market. Together, we will look at the future of bond financing and how investors and communities can make the most of the capital markets.
Moderator(s)
Speaker(s)
- Lori Sallaz, Manager, Bond Finance Programs, Development Finance Authority of Summit County
- Lynda Templen, Senior Counsel, Husch Blackwell LLP
- John Wooten, Head of Municipal Placements, Wells Fargo Securities
Hear From Experts: New Markets Tax Credit Landscape
Lawrence A/B
What’s the latest in New Market Tax Credits (NMTC)? Conversation will include different project types that have successfully used NMTCs, along with ways to structure deals with NMTCs and other forms of capital. Bring your questions and get ready to learn about this catalytic financing tool.
Moderator(s)
- David Clower, Executive Vice President, Raza Development Fund, Inc.
Speaker(s)
Unlocking Capital for Native American Communities
Blake
More capital than ever before has been allocated to support tribal-based projects and small businesses, both those located on tribal land and those owned by Native Americans. Developing an understanding of tribal business practices and engaging with trusted partners is critical to successfully deploying capital. This session will feature insights on preserving and growing tribal communities by unlocking development finance tools.
Moderator(s)
Speaker(s)
- Sue Taylor, Development Director, Native American Development Corporation
- Shannon Ward, Senior Vice President, Chief Lending Officer, Native American Bank
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Thu 11:15 AM - 12:00 PM |
Breakout Sessions
CDFA Minority Capital Loan Guarantee Program
Platte River
In partnership with the Robert Wood Johnson Foundation, the CDFA Minority Capital Loan Guarantee Program is a new initiative to help development finance agencies improve their lending to underserved borrowers through dynamic technical assistance services and game-changing guarantee support. During this session, hear from the leaders who built this program as well as some of the pilot communities participating in the launch. Learn how this program will grow over time and how development finance agencies can engage in the future.
Moderator(s)
- Katie Kramer, Executive Director, Ohio Statewide Development Corporation
Speaker(s)
Financing Innovative Food Systems Infrastructure
Blake
Demand for local food continues to grow, but food supply chain bottlenecks inhibit market opportunities for food system actors across the country. Meanwhile, a global pandemic has brought to light the fragility of the U.S. food system as slaughterhouses and processing facilities struggle with supply chain dynamics. Investment in innovative technology and physical food systems infrastructure - like processing, aggregation, and distribution facilities - is essential to increase capacity in local food economies. During this session, we will highlight financing opportunities for reinvesting in local food and supporting innovative infrastructure.
Moderator(s)
- Angela Blatt, Director, Research & Technical Assistance, Council of Development Finance Agencies
Speaker(s)
Underwriting Clean Energy Projects
Lawrence A/B
The Infrastructure Investment and Jobs Act (IIJA) has set the United States on a course to become more sustainable and resilient via clean energy investment. Green financing tools, like Property Assessed Clean Energy (PACE) and green bonds, are among the economic development tools that can work alongside IIJA funding to advance clean-energy goals. During this session, experts will discuss a variety of green financing tools and how they can be used to fund sustainable projects.
Moderator(s)
Speaker(s)
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Thu 12:00 PM - 1:30 PM |
Keynote with CHFA - Lunch Provided
Confluence Ballroom
Join us for a keynote speech from the CDFA National Development Finance Presenting Sponsor, Colorado Housing and Finance Authority (CHFA). Jamie Gomez, Chief Operating Officer at CHFA, will be sharing insights about their organizational philosophies and approach to impacting communities across the state. This presentation will accompany lunch.
Sponsor
Speaker(s)
- Frank Altman, CEO, Community Reinvestment Fund, Inc.
- Darla Garrett, Director, Maryland Department of Commerce
- Jamie Gomez, Chief Operating Officer, Colorado Housing and Finance Authority
- Toby Rittner, President & CEO, Council of Development Finance Agencies
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Thu 1:45 PM - 3:15 PM |
Breakout Sessions
Cannabis Financing 101
Platte River
Many states have legalized recreational cannabis, and even more have legalized medicinal cannabis. As the list of states embracing recreational cannabis expands, there is an ever-increasing need for equitable financing programs. During this session, expert panelists will spotlight how revenue generated from the legalization of cannabis is being used to create innovative programs at both the state and local levels and best practices for structuring cannabis financing deals.
Moderator(s)
Speaker(s)
Catalyzing Redevelopment Projects
Blake
Tax Increment Finance has historically been used by communities throughout the country to channel funding toward improvements in distressed or underdeveloped areas where development would not otherwise occur, but not all TIF deals are created equal. In communities across the country, TIF is being used in conjunction with special assessments to spur some of the country’s most impactful redevelopment projects. Join us for this session to learn creative approaches to utilizing TIF and special assessments and ways they are catalyzing redevelopment projects around the country.
Moderator(s)
Speaker(s)
Running an Effective Revolving Loan Fund
Lawrence A/B
Revolving Loan Funds offer an essential source of affordable capital for small businesses, yet effective management approaches are necessary for an RLF to reach its full potential. This session will identify key aspects of RLF management that improve efficiency and allow loan funds to focus more of their time on achieving impactful outcomes. Speakers will discuss options and best practices for borrower intake, evaluation, decision-making, servicing, and other aspects of loan fund management.
Moderator(s)
Speaker(s)
- Michelle Beecher, Loan Officer, Rural Nevada Development Corporation
- Steve Boice, Manager - Business Finance, Colorado Housing and Finance Authority
- Joy Melton, Loan Fund Manager, Northwest Regional Planning Commission
- Marie Peters, Fund Director, B: Side Capital & B: Side Fund
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Thu 3:30 PM - 5:00 PM |
Breakout Sessions
Financing Critical Infrastructure
Blake
The Infrastructure Investment and Jobs Act (IIJA) is coming up on its one-year anniversary and has sent ripples of hope to America’s aging infrastructure. This funding invests in various areas such as roads, bridges, power and grid, passenger and freight rail, and broadband. With more detailed implementing guidelines available for new programs, communities are closer to securing funding and engaging in transformational projects. In this session, experts will walk attendees through the process of preparing for and financing their infrastructure projects.
Moderator(s)
Speaker(s)
- David M Camerucci, Manager, EY
- Andrew Kleine, Senior Director, Government & Public Sector, EY-Parthenon
- Jason McGaugh, Chief Capital Officer, Sustainability Partners LLC
- Emily Metzler, Executive Vice President, COO, & CCO, MuniCap, Inc.
Innovation in SSBCI Lending
Lawrence A/B
The State Small Business Credit Initiative (SSBCI) encourages state and local governments to serve the hardest-to-reach small businesses in their communities. In response, SSBCI leaders have crafted financing and technical assistance programs tailored to address gaps in capital availability and meet the unique needs of historically disadvantaged small business owners and micro-enterprises. During this session, speakers will describe the innovative approaches they are taking to expand access to capital for small businesses and share insights on replicating these strategies.
Moderator(s)
- Keith Rachey, Executive Vice President, Chief Impact and Strategy Officer, Community Reinvestment Fund, Inc.
- Rachel Reilly, Senior Advisor, Council of Development Finance Agencies
Speaker(s)
- Ann Finnegan, President, NDC Community Impact Loan Fund, Grow America
- Robert Heard, Managing Director, Development Capital Networks
- Krystal Langholz, Director, Strategy, Calvert Impact Capital
- Jack Moriarty, Executive Director, Ownership America
- Selena Skorman, Director of Entrepreneurship Policy and Partnerships, gener8tor
- Keith Swenson, Deputy Assistant Director, Washington State Department of Commerce
Structuring Challenging Bond Deals
Platte River
It’s wild out there! Trying to get a bond priced in today’s market and fully seeing a transaction through to completion has been difficult for many projects and communities. Join us for a discussion about solutions and approaches that have been working despite challenges. During this session, experts will evaluate the complex process of structuring deals, how to engage investors, and the latest problem-solving techniques. Attendees will gain a greater understanding of bond financing, with case studies to demonstrate how bonds can be used in action.
Moderator(s)
Speaker(s)
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Thu 5:00 PM - 5:30 PM |
Drinks with Toby
Confluence Foyer
Join Toby Rittner, CDFA's President & CEO, for an early evening reception and share your stories about what you've learned at the CDFA National Summit so far. Come for the networking, stay for the drinks!
Sponsor
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Thu 5:30 PM - 6:30 PM |
CDFA 40th Anniversary Celebration
Confluence Ballroom
Join us as we celebrate 40 years of CDFA! We will be honoring our 2022 Lifetime Achievement Award winners and reflecting back on CDFA's 40 year history. Come for the drinks, stay for the fun!
Sponsor
Speaker(s)
- Darla Garrett, Director, Maryland Department of Commerce
- Toby Rittner, President & CEO, Council of Development Finance Agencies
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