Join CDFA for Our Upcoming Intro Tax Increment Finance WebCourse
Register for CDFA's Intro Tax Increment Finance (TIF) WebCourse taking place on June 26-27. Join us to learn the guiding principles and appropriate application of TIF. Our panel of expert instructors will discuss TIF deal-making and best practices highlighted by projects from around the country.
Port Authority Celebrates Milestone 100th Project Through its Northwest Ohio Bond Fund
The Toledo-Lucas County Port Authority celebrates its 100th project financed through the Northwest Ohio Bond Fund, which has a national rating of "A" from S&P Global Ratings. This 100th project provides $8 million to support Midwest Terminals, operator of the Port of Toledo's General Cargo Dock, to finance the construction of a liquid transloading facility at the Port of Toledo. Since its inception in 1988, the Bond Fund has provided $446 million in direct financing proceeds, which has resulted in the creation and retention of over 8,700 jobs.
It's Time to Register for the 2024 CDFA Summer School!
CDFA Summer School is a 2-week long virtual series of courses designed to help you accelerate your development finance education, with a curation of seven different training courses to choose from. Don't miss the opportunity to learn from our expert practitioners and experience CDFA's most interactive educational event of the year! Register today!
Rhode Island Infrastructure Bank Issues $41.6M Bond for Sewer Overflow Project
The Rhode Island Infrastructure Bank has issued a $41.6 million Clean Water State Revolving Fund bond, with $5.2 million in principal forgiveness through a grant from the Bipartisan Infrastructure Law. The bond proceeds will help finance the construction of the Narragansett Bay Commission's Combined Sewer Overflow Phase III project and other system infrastructure upgrades. The 30-year bond saw strong investor demand, which led to an overall borrowing rate of 3.93%. The bond is rated AAA by S&P Global Ratings and Fitch Ratings.
Chesterfield County, VA Approves $350M Bond Issuance for Transportation Projects
The Chesterfield County, VA Board of Supervisors approved the issuance of up to $350 million in bonds for transportation projects. County officials previously estimated the first phase of the project to cost $170 million, which would be covered by the bonds and other funding sources. The overall extension project has been estimated to cost $700 million.
South Carolina JEDA Issues $30.4M In Bonds for Improvements at Wofford College
The South Carolina Jobs-Economic Development Authority (JEDA) has issued more than $30 million in Economic Development Revenue Bonds for Wofford College. Proceeds of the bonds will be used to finance improvements in student housing, classrooms, lounge and study spaces, administrative, cultural, and athletic facilities, as well as upgrades to information technology systems at the 1,800-student, 175-acre campus at 29 N. Church St. in Spartanburg.
Mayer Brown Advises Underwriters on Illinois' $1.8B GO Bonds
Mayer Brown served as underwriters' counsel to Jefferies LLC, as representative of a syndicate of underwriters, with respect to the sale of $250 million aggregate principal amount of State of Illinois General Obligation Bonds, Taxable Series of May 2024A and $1.6 billion aggregate principal amount of State of Illinois General Obligation Bonds, Series of May 2024B.
Dallas, TX Passes $82M Bond Package for Affordable Housing and Homelessness
Voters in Dallas, TX, overwhelmingly approved a $1.25 billion bond package in a special election that will allocate approximately $82 million to increase the supply of affordable homes and help address homelessness. The package consists of 10 propositions that will collectively finance road improvements, city facilities, economic development, other local infrastructure, and housing. The package's $82 million for affordable homes marks a historic investment from Dallas.
|