As we move to 2023, the first installment of the CDFA // BNY Mellon Development Finance Webcast Series will reflect on recent changes in the bond market to forecast the challenges and opportunities ahead. Join us on January 17 at 2:00 PM ET to hear expert panelists discuss bond market trends to help investors and communities make informed decisions in the year to come.

Illinois is set to receive $354.6 million in federal funding for four state programs to help small businesses, the U.S. Treasury announced. The money will help Illinois small businesses attract more capital investment and expand or launch business operations,

The City's bold housing goals for the Highland Bridge redevelopment site took an important step forward with the approval of financing for three new affordable housing projects. These developments will be funded in part with multifamily housing revenue bonds, Low-Income Housing Tax Credits, and Tax Increment Financing.

USDA Rural Development Maine State Director Rhiannon Hampson announced that eight businesses are receiving a total of $514,000 in grants through the Rural Energy for America Program. These grants are in addition to an $82.4M Hampson announced earlier in the month to combat climate change, invest in infrastructure, expand economic opportunities, and rehabilitate homes in rural Maine.

The hotel on site will be a Tempo by Hilton, a new brand from the hospitality company. As one of the first locations of the new brand, the six-story, 98,000-square-foot hotel will have 130 rooms. Louisville Metro Council committee approved an ordinance to create a new tax increment financing district to support the development.

In the Omnibus Spending Bill, enacted on December 29, 2022, the U.S. Economic Development Administration (EDA) received $1.6B for FY 2023. EDA will receive $750M for grants for Regional Technology and Innovation Hubs, the Recompete Pilot Program, and the Build to Scale Program, as well as $500M for infrastructure and recovery efforts for areas impacted by natural disasters and $363M for other Economic Development Assistance programs.

President Joe Biden signed a $1.7T spending bill that includes several administration priorities and officially avoids a government shutdown, ending what he called a "year of historic progress." The legislation includes $772.5B for nondefense discretionary programs and $858B in defense funding. It will also boost spending for disaster aid, college access, child care, mental health, and food assistance.

The U.S. Department of Transportation awarded the state Department of Transportation $158.2 million through its competitive Bridge Investment Program to "accelerate" the rehabilitation project of the Gold Star Memorial Bridge in Connecticut. Created under the Infrastructure Investment and Jobs Act, the BIP is the single largest dedicated federal investment in the nation's bridges since the construction of the interstate highway system.

The Maryland Department of Housing and Community Development (DHCD) is seeking an Assistant Operations Manager. The Manager assists the management teams in implementing various program operations by taking a lead role in operational support and will assist the Program Managers with directing and coordinating the operational activities, including finance, compliance, budget, procurement, reporting, and contracts of Housing & Building Energy Programs, the suite of Special Loans Programs, Homeowner Assistance Fund and HOME Program. 

The North Central Pennsylvania Regional Planning and Development Commission is currently soliciting Request for Proposals for an Electric Vehicle Charging Infrastructure Implementation Plan for North Central Pennsylvania. Proposals are due February 10, 2023

The City of San Diego is seeking a Financing Coordinator to serve in the Debt Management Division of the Department of Finance in a hybrid work environment. Financing Coordinators conduct project management and supervise a team of financial analysts covering a range of financing and post-issuance activities for the City. The ideal candidate will have strong project management, financial, and analytical skills, while also having a passion for financing projects to improve San Diego communities.

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