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CDFA Energy & Water Finance Update - December 19, 2017

CDFA Energy and Water Finance Newsletter
December 19, 2017
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Energy & Water Finance Update

Features

Farmersville, CA, Seeks USDA Loan for $18M Wastewater Plant
The Farmersville, California, City Council is taking steps to fund a new wastewater facility. The wastewater facility will be funded through loan from the USDA that will be paid back over 40 years through a rate increase approved by the council in 2013.

CA Working to Address Issues With PACE Program
A decade after California became ground zero for what is now one of the country's fastest-growing home loan programs, the state has passed unprecedented regulations to protect borrowers from deceptive financial practices. "There hasn't been a lot of these things, but it's been enough that it's worrying," says Tim Fisher, of CDFA.

City of Fortuna, CA, Refinances $17M in Bonds for Water Infrastructure
The City of Fortuna has concluded efforts to capitalize on favorable market conditions to refinance $17 million in bonds including wastewater utility debt ($10.7 million) and water utility debt ($6.5 million).

Pinellas County Delays Decision on PACE Program
Pinellas County Commissioners have chosen to defer a public hearing on the creation of their Property Assessed Clean Energy Program until the last regularly scheduled meeting of the year.

Prevision in Senate Tax Bill Could 'Devastate' Renewable Energy
BEAT, a new provision in the tax cut bill that is headed for a vote in the Senate, could undercut the financing mechanism that has been a major driver in the rapid growth of renewable energy projects.

Gavilan College Uses Clean Renewable Energy Bonds
To help finance the $5.5 million project, Gavilan Joint Community College District secured U.S. Department of Treasury clean renewable energy bonds with a 1.05 percent interest rate after a federal tax credit, which allow public sector entities to fund renewable energy projects

IA SRF Receives Millions from EPA to Address Water Quality
The U.S. Environmental Protection Agency has again granted millions of dollars to Iowa's revolving loan funds geared toward water quality efforts.

Tax Incentives Aiding Webair NY Data Center
 Webair, a high-touch, agile Cloud and fully managed infrastructure service provider, today announces plans to create new jobs and invest $20 million in cloud and critical infrastructure upgrades at its NY1 data center on Long Island over the next four years.

Major Wind and Solar Power Deals on Hold
The US House of Representatives passed a tax-reform bill on Nov. 16 that would change the amount of tax credit each kWh of wind power created gets going forward. While being argued, signed projects at various stages of development are on hold – and some estimate $50 billion worth of planned wind projects might not be developed.

Review of Renewable Energy Tax Credits under House and Senate Proposals
In general, the Senate bill left out most of the changes that caused angst to the renewable energy industry. The Senate bill differs with the House bill by retaining the status quo with respect to the Section 48 investment tax credit (ITC) and the Section 45 production tax credit (PTC); namely the current ITC and PTC phasedown schedules remain in place.

Joplin, MO, Contemplating Forming PACE Program
Joplin city leaders are looking into the possibility of adopting a city ordinance that would put the city into a clean energy district that connects commercial developers with financing for energy-reducing construction projects.

Lima, OH, Council to Vote on Energy Improvement District
Lima, Ohio, City Council will vote on approving the recent creation of an Energy Special Improvement District for the city, a move which is designed to help businesses make utility and energy efficiency improvements.

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