About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Revolving Loan Fund Finance Update - August 10, 2021

Having trouble viewing this newsletter? View it online.
Revolving Loan Funds Update
August 10, 2021
Subscribe
View Archives
Revolving Loan Fund Finance Update

Features

Utah's Deer Creek Reservoir to Undergo $60M in Infrastructure Upgrades
Deer Creek Reservoir, which supplies water to over 50% of Utah's population, will undergo about $60 million in infrastructure improvements starting next year. Utah's water resources board approved contributing $40 million to the project out of a revolving loan fund. Some of the existing infrastructure is over 80 years old and the improvements will ensure it can last another 80 years at least.

CHISPA Receives $680K Loan for King City, CA Housing Development
Community Housing Improvement Systems and Planning Association Inc. (CHISPA) has received a $680,000 acquisition loan to purchase property in King City and create 40 affordable homes aimed toward farmworkers in the region. The funding is being made available through the Monterey Bay Housing Trust (MBHT), a revolving loan fund sponsored by the Monterey Bay Economic Partnership and Housing Trust Silicon Valley.

Tennessee Announces $15.7M in Clean Water Loans
Tennessee officials have announced over $15.7M in loans for water infrastructure improvements across the state. Most of the loans will allow for local wastewater treatment upgrades and drinking water distribution, and were all from Tennessee's Drinking Water State Revolving Fund Loan Program. The funds will support eight loans term lengths varying from five to twenty years, and interest rates varying from 0.65 to 1.09 percent.

U.S. Bank Foundation Invests $1M to Support Emerging Leaders and Community-Led Solutions to Address Economic Disparities
U.S. Bank Foundation announced a $1 million investment to 20 nonprofit organizations driven by a diverse group of exceptional emerging leaders who are focused on creating effective community-led solutions to the increasing economic disparities. Organizations are in both rural and metro communities and offer support for entrepreneurs and small business owners, workforce development programs, and financial inclusion efforts as solutions to wealth building.

Wealth Matters: The Black-White Wealth Gap Before and During the Pandemic
Huge wealth disparities between Black and white households in America existed long before the COVID-19 pandemic and have continued during the crisis. Data show that during the pandemic, Black households faced more financial emergencies with fewer economic resources, resulting in a widening gap in economic opportunity between Black and white households.

Native-Led Organizations Secure $3M to Expand Native-Led Entrepreneurship Support
The W.K. Kellogg Foundation has awarded a $3 million grant to four Native-led organizations to establish a new entity that fosters and strengthens entrepreneurship in Indigenous communities across the U.S. Southwest. The new entity will serve as a "backbone" for the four organizations, enabling them to share fundraising, administrative, legal, data, and marketing and communications resources, and offering the potential to establish a fund to invest in Native entrepreneurs.

Racine, WI Looks to Replenish Brownfield Loan Fund with EPA Grant
The city's brownfield remediation loan program may soon get a $500,000 boost thanks to an Environmental Protection Agency grant. The Finance and Personnel Committee has voted to move the federal grant forward so that city staff can accept the funds for the Brownfield Cleanup Revolving Loan Fund.

Development Projects in Henrico County, VA Receive Loans for Affordable, Special Needs Housing
Three new Henrico County developments are among 24 projects statewide that will receive a share of more than $21 million in Affordable and Special Needs Housing loans. The funds are designed to help improve access to affordable housing; reduce homelessness; provide permanent supportive housing options for people with intellectual and developmental disabilities; and complete energy efficiency updates in affordable housing units.

Upcoming Events
SSBCI Learning Series - Module I

SSBCI Coalition Meeting - August 13 (Virtual)
August 13, 2021 - 1:00 PM Eastern

Headlines

Onondaga County, NY Legislature Approves $20M Economic Development Loan to IDA
Spectrum Local News | Aug. 3 | Access to Capital | Economic Development | Revolving Loan Funds (RLFs) | Revolving Loan Funds (RLFs)

Auburn, AL City Council Approves Expansions to Industrial and Technology Parks
Opelika Observer | Aug. 3 | Access to Capital | Economic Development | Revolving Loan Funds (RLFs) | Revolving Loan Funds (RLFs)

USDA to Provide $67M in Loans to Help Heirs Resolve Land Ownership and Succession Issues
USDA | Jul. 29 | Access to Capital | Agriculture Finance | Federal | Revolving Loan Funds (RLFs) | Social Finance | U.S. Dept. of Agriculture (USDA)

Federal COVID-19 Grants and Loans Still Available But Slow to Be Disbursed for Small Businesses
The Baltimore Sun | Jul. 29 | Access to Capital | Disaster Recovery & Relief | Federal | Food Systems Finance | Revolving Loan Funds (RLFs) | U.S. Small Business Administration (SBA) | COVID-19

What's Character-based Lending?
Common Future | Jul. 28 | Food Systems Finance | Revolving Loan Funds (RLFs) | Social Finance

USDA Invests $14M in Rural Economic Development Projects in 10 States
USDA | Jul. 27 | Access to Capital | Economic Development | Federal | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | U.S. Dept. of Agriculture (USDA)

Restaurant Revitalization Fund Grants $1.6B to Texas Food Businesses, But Many Still Miss Out
The Dallas Morning News | Jul. 26 | Access to Capital | Disaster Recovery & Relief | Federal | Food Systems Finance | Revolving Loan Funds (RLFs) | U.S. Small Business Administration (SBA) | COVID-19

Food Incubator CommonWealth Kitchen Buys Its Space in Dorchester, MA
Boston Herald | Jul. 23 | Access to Capital | Community Development | Economic Development | Food Systems Finance | Revolving Loan Funds (RLFs) | Social Finance

City's ‘Q-Fund' is One Step Closer to Helping Local Businesses
WGEM | Jul. 22 | Access to Capital | Economic Development | Revolving Loan Funds (RLFs) | Revolving Loan Funds (RLFs)

Principles for an Equitable Recovery for the 2020s
Smart Incentives | Jul. 19 | Access to Capital | Disaster Recovery & Relief | Economic Development | Revolving Loan Funds (RLFs) | COVID-19

Washington Community Economic Revitalization Board Invests $17.9M in 13 Counties
Washington State Department of Commerce | Jul. 15 | Access to Capital | Community Development | Economic Development | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | Broadband

The American Rescue Plan Can Be a Lifeline for Business Districts
The Brookings Institute | Jul. 12 | Access to Capital | Disaster Recovery & Relief | Economic Development | Federal | Revolving Loan Funds (RLFs) | Rural Development | COVID-19

USDA Announces $500M for Expanded Meat & Poultry Processing Capacity
USDA | Jul. 9 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Federal | Food Systems Finance | Revolving Loan Funds (RLFs) | Rural Development | U.S. Dept. of Agriculture (USDA) | COVID-19

Biden-Harris Administration Invests $307M in Rural Water and Wastewater Infrastructure in 34 States and Puerto Rico
USDA | Jul. 9 | Access to Capital | Federal | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | U.S. Dept. of Agriculture (USDA) | Water Finance

Oregon Lawmakers OK More Than $700M for Housing Needs
Portland Tribune | Jul. 8 | Access to Capital | Housing Finance | Legislative | Revolving Loan Funds (RLFs) | Social Finance | Revolving Loan Funds (RLFs)


New Additions to the Online Resource Database

Community-Rooted Economic Inclusion Playbook
Access to Capital | Community Development | Economic Development | Redevelopment | Revolving Loan Funds (RLFs) | Social Finance
This playbook provides concrete guidance on how to implement a community-rooted approach to economic inclusion—one that can build wealth within underinvested communities, while reducing economic inequities within entire cities by connecting more people, places, and small businesses to regional economic opportunity.


The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

Archives

Displaying 1 - 30 of 62

October 12, 2021
September 14, 2021
August 10, 2021
July 13, 2021
June 8, 2021
May 11, 2021
April 13, 2021
March 9, 2021
February 9, 2021
January 12, 2021
December 8, 2020
November 10, 2020
October 13, 2020
September 8, 2020
August 11, 2020
July 14, 2020
June 9, 2020
May 12, 2020
April 14, 2020
March 10, 2020
February 11, 2020
January 14, 2020
December 10, 2019
November 12, 2019
October 8, 2019
September 10, 2019
August 13, 2019
July 9, 2019
June 11, 2019
May 14, 2019




CDFA National Sponsors

  • Baker Tilly
  • BNY Mellon
  • Bricker & Eckler LLP
  • Brownfield Superfund Advisory, Inc
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor