Join CDFA as we kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 24-25, 2024! This course is the foundation for all of CDFA's educational offerings and will help attendees understand the variety of development finance tools available including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, Opportunity Zones, and access to capital lending resources.

The Council of Development Finance Agencies is now accepting applications for Vice President, Development Finance. This position leads CDFA's development finance practice and is responsible for ensuring CDFA delivers on its research projects, resource collection, educational offerings, partnerships, and content creation. Want to join the CDFA family in Columbus, Ohio? Email your cover letter, resume, salary request, and three professional references to jobs@cdfa.net.

Virginia's Governor Glenn Youngkin has announced a $2 billion public-private partnership to create a world-class Entertainment District in the City of Alexandria at Potomac Yard. The $2 billion transformational investment will be supported through bonds issued by the to-be-created Authority, as well as a $403 million investment by Monumental Sports & Entertainment (MSE). The bonds will be repaid through annual rent paid by MSE, arena parking revenues, District naming rights, and incremental taxes generated by the Arena and Phase 1 development.

The South Dakota Governor's Office of Economic Development Board of Economic Development and the Economic Development Finance Authority approved a $12.5 million Livestock Nutrient Management Bond for County Line Dairy, LLC, a 5000-head dairy. The bonds will be used for the construction of structures to properly dispose of waste animal manure generated by dairy operations and are expected to add 30 new full-time positions.

Assured Guaranty Municipal Corp. (AGM), a subsidiary of financial guaranty insurer Assured Guaranty Ltd., has insured $800 million of bonds for the JFK International Airport's New Terminal One project. The bonds insured by AGM are part of a $2 billion issue of fixed-rate bonds that have been designated as Green Bonds. They have been issued to refinance a portion of the costs relating to the redevelopment of the New York airport's Terminal One.

The California Statewide Communities Development Authority (CSCDA) issued over $100 million in affordable housing bonds for the cities of Wildomar and Palm Desert. In Wildomar, the joint powers authority issued $25.4 million in tax-exempt, affordable housing bonds to build 88 affordable housing units. For Palm Desert, CSCDA issued $74 million in tax-exempt and taxable multifamily affordable housing bonds for 176 new units of affordable housing.

The Greenville Housing Fund is using a $30.5 million bond issued by the South Carolina Jobs-Economic Development Authority (JEDA) to acquire and rehabilitate a 212-unit affordable workforce housing complex. The tax-exempt Economic Development Revenue Bonds will be used to acquire and rehabilitate Century Plaza Apartments (previously named The Ivy Apartments) development located at 151 Century Drive in Greenville.

Calvert County, MD's commissioners unanimously approved up to $70 million in bonds to fund 22 capital projects. The largest line item — $45 million — is for the county administration building project. A completed project - Beach Elementary School - and one nearing completion - Twin Beach Library - are also included on the list. The elementary school project fund calls for the sale of $4 million in bonds while the library project seeks $5.9 million in bonds.

Chattanooga, TN is moving forward with an apartment complex project for people with intellectual disabilities. The AIM Center joined with the Chattanooga Housing Authority in approving $10.7 million of tax-exempt bonds to be issued for the nonprofit Espero GP Corp. The bond proceeds and other funds, including a $500,000 National Housing Trust Fund grant, will help finance the planned 60-unit apartment complex on a city-donated property.

Oklahoma County, OK officials will consider using their own buildings as collateral to secure $30 million in bond money for the new county jail and other capital projects. Commissioners will consider approving a resolution in their roles as trustees of the Oklahoma County Public Buildings Authority that would, if approved, authorize the Oklahoma Industries Authority to issue the revenue bonds.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Childcare Facilities with Bonds
December 19, 2023 - 2:00 PM - 3:00 PM Eastern

Intro Bond Finance WebCourse
March 4-5, 2024 - Daily: 12:00-5:00 PM Eastern

>>> VIEW THE BOND RESOURCE CENTER