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Development Finance Review Weekly - September 6, 2017

Development Finance Review Weekly
September 6, 2017
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CDFA Development Finance Review Weekly

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CDFA – Frost Brown Todd Infrastructure Finance Webcast Series
September 26-29, 2017 - Daily: 2:00 - 3:30 PM Eastern
The CDFA – Frost Brown Todd Infrastructure Finance Webcast Series will address current trends in financing the nation's most pressing infrastructure needs along with strategies for assembling capital, structuring the deal, and addressing critical financing gaps.

Investment in Cincinnati Authority Supports Micro Commercial Redevelopment
Kresge Social Investment Managing Director Kimberlee Cornett interviewed GCRA's President and CEO Laura Brunner to find out how this unique organization became a recipient of an impact investment and how it views its role as both an industrial and business developer as well as a neighborhood developer in Cincinnati.

Lenders Play Key Role in Area Construction Projects
A wave of local construction and redevelopment projects has been revitalizing the Rochester region over the last decade. But construction projects come at a high cost. Banks tend to be the go-to source for financings projects, but some companies are using nontraditional ways of acquiring funding.

Louisville Arena Authority to Make Higher Annual KFC Yum! Center Debt Payments
Even after refinancing a burdensome debt load, the Louisville Arena Authority would pay more per year to retire new bonds for the KFC Yum! Center than under its current plan, according to a WDRB News analysis of documents made public last week.

Work on Pittsburgh 'Highline' at Historic Terminal Gets Boost from $15M Tax Credits
A local developer has been awarded $15 million in new markets tax credits to help finance a major overhaul of a historic cargo warehouse on the South Side. Pennsylvania Housing Finance Agency and the Urban Redevelopment Authority supported the effort to secure the tax credits.

Chicago's Pullman Park Continues to Build, Create Jobs
On the former rail yard, more than $250 million in investments have created 450 construction jobs and 750 permanent jobs so far — many of them covered by local hiring agreements. And this week brings another announcement of a partnership to develop 50 more acres of industrial land, with potential for up to 1,000 more jobs.

The Development Finance Authority of Summit County Unveils its New Strategic Plan
Chris Burnham, CEO of the Development Finance Authority of Summit County, says their new strategic plan will increase focus on the subsidiary Development Fund of the Western Reserve.

Upcoming Events
Advanced Bond Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Historic Hurricanes Present a Challenge for Muni Market
As Hurricane Harvey's floodwaters begin to recede in Texas and Louisiana and Hurricane Irma bears down on Florida, we are just beginning to focus on the many tasks ahead. The focus of this comment is the consideration of public assets in everyday life; the prospects for accomplishing the rebuilding with municipal financing, and the effect on credit quality for the credits affected by these forceful and devastating storms.

FL Judge Refuses to Validate Poinciana CDD Bonds
 A Florida judge declined to validate bonds proposed by two community development districts, saying they failed to properly apportion special assessments they planned to charge homeowners.

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.

Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: Financing Small Business with the SBA 504 Program
September 19, 2017 - 1:00 PM
During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, you'll learn from SBA 504 Loan Program experts how to apply for financing, who should consider applying, and examples of businesses that have successfully used the 504 program in the past to grow and develop.

Maximizing the HUD Section 108 Loan Program
September 21, 2017 - 1:00 PM Eastern
In this CDFA webcast, hear from HUD officials and experienced users of the Section 108 program on how the program has been used around the country, and how it can be layered with other development finance tools to support community development.

Job & RFP Postings

Hiring: Associate Director - Fairfax County Housing and Community Development

This Week's Headlines

Cecil County, MD Microloan Program Nears Start Date
Cecil Daily | Sep. 7 | Revolving Loan Funds (RLFs)

$400K KEDFA Incentives Support Gryphon Environmental
The Lane Report | Sep. 5 | Incentives

KPM Weekly Rate Update
KPM Financial | Sep. 5 | Bond Finance

$28.4M Grant Will Attract Nokian Tyres to Dayton, TN
Times Free Press | Sep. 1 | Incentives

Chesterfield County EDA Considering New Industrial "Megasite"
Richmond Times-Dispatch | Aug. 31 | Economic Development

Municipal Market Snapshot
Hutchinson, Shockey, Erley & Co. | Aug. 31 | Bond Finance

WHEDA Foundation Awards $500K in 2017 Housing Grants
Urban Milwaukee | Aug. 31 | Community Development

Buffalo Trace Wins $400K State Incentive for Expansion
The Lane Report | Aug. 31 | Incentives

MD Cheese Manufacturer Receives Two Conditional Loans
Herald-Mail Media | Aug. 29 | Access to Capital

Transportation Financing District Introduced in Ohio
Vorys | Aug. 29 | Infrastructure Finance | Tax Increment Finance (TIF)

Construction Begins on Long Awaited Purple Line
Washington Business Journal | Aug. 28 | Infrastructure Finance

Memphis EDGE Launches EDGE Impact Fund
Memphis EDGE | Aug. 25 | Access to Capital

$500K in Grants Supports $9M Heritage Brewing Expansion
WHSV | Aug. 24 | Incentives

TNECD Accepting Site Development Grant Applications
TNECD | Aug. 10 | Economic Development | Incentives


New Additions to the Online Resource Database

Hazardous to Healthy: Financing Solutions for Recovering Brownfields
Brownfield Financing | Webcasts
In this webinar, our experts focus on projects that took a health-based approach to restoring hazardous properties by reinventing them as parks, healthcare facilities, and grocery stores.


National Sponsor Spotlight

MB Financial Bank, NA MB Financial Bank, NA
MB Financial Bank offers a full range of financial services including personal, business and commercial banking. They have proudly served Chicago for over 100 years.
McCarter & English, LLP McCarter & English, LLP
McCarter & English, LLP is a firm of approximately 400 lawyers with offices in Boston, Hartford, Stamford, New York, Newark, East Brunswick, Philadelphia, Wilmington and Washington, DC. In continuous business for more than 170 years, they are among...
McGuireWoods McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP, uses client-focused teams to serve public, private, government and nonprofit clients from virtually every area of the law.

Partner Spotlight

informANALYTICS by Center for Governmental Research informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...

CDFA Bookstore

Cover thumbnail Advanced Bond Finance Reference Guide
The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques.

New Members

City of Riviera Beach - Riviera Beach, FL

City of Fort Collins - Fort Collins, CO

The Council of Development Finance Agencies 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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

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


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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor