There's still time to register for the CDFA Virtual Summer School! During week two, CDFA will be offering four different courses. Prepare for the future by attending the Infrastructure Finance Course and the Public-Private Partnership (P3) Finance Course, the Advanced Revolving Loan Fund Course, or Advanced Tax Credit Finance Course. You're invited to continue your professional development with CDFA!

Small business owners face challenges accessing capital, investment, and other opportunities to start or grow, and minority entrepreneurs often experience even greater obstacles. As racial inequities continue to expand, many community institutions, lenders, and even corporations are stepping up to reduce barriers for black, indigenous, people of color-owned businesses to access capital.

The Senate on Monday began its push to pass the roughly $1 trillion bipartisan infrastructure bill hours after legislative language was completed and unveiled, with senators involved in crafting the proposal hoping it will clear the upper chamber in the coming days. Capping a rare weekend session, the bipartisan group of Senate negotiators announced Sunday night that they had finished writing the 2,702-page bill, which will provide $550 billion in new funding to improve the nation's roads, bridges, railways, and public transit systems.

Origin Investments said it recently closed its first Qualified Opportunity Zone Fund, which at $265 million now stands among the largest such funds in the U.S. meant to capitalize on the federal Opportunity Zones program. Origin launched its first QOZ fund in 2018 and has committed $100 million of the $265 million it raised to five apartment projects, including one recently completed in Pilsen.

Enterprise Community Partners has announced the closing of a $235.8 million low-income housing tax credit fund that will help create or preserve 2,529 affordable homes in 19 properties. The developments are in 14 states—Alabama, California, Colorado, Florida, Illinois, Kentucky, Massachusetts, Minnesota, Montana, New York, North Carolina, Pennsylvania, Washington, and Wisconsin.

Tax increment finance legislation continues to evolve in many states including legislative changes in Indiana, Kentucky, Ohio, and West Virginia. These changes may provide additional opportunities for local governments or developers looking to utilize TIF to complete their capital stacks. May also provide additional financing opportunities for existing districts and projects.

Gov. JB Pritzker signed House Bill 2621 into law, creating new financing programs and tax incentives to support the creation and preservation of affordable housing in communities across Illinois. The legislation includes several provisions aimed at reducing the shortage of affordable housing and builds on efforts to support housing stability in areas disproportionately affected by COVID-19.

The New Jersey Economic Development Authority (NJEDA) announced a $75 million extension of the commercial component of the Economic Redevelopment and Growth (ERG) Program. The Commercial ERG Program is an incentive to help developers and businesses address project financing gaps in development or redevelopment projects, including below-market development margins or rates of return.

The Renters Tax Credit Act of 2021 would establish a new renters tax credit to make housing more affordable for low-income households. These households, which include many low-wage workers, seniors, and people with disabilities living on low, fixed incomes, are more likely than other households to pay high shares of their income for housing and face a greater risk of eviction and homelessness.

Invest Atlanta is recruiting a Director of Invest Atlanta's American Recovery Plan Local Fiscal Recovery Funds Programs. Reporting to the President & CEO. The Director of Invest Atlanta's American Recovery Plan Local Fiscal Recovery Funds Programs will oversee the design and delivery of all ARP-funded programs by Invest Atlanta and WorkSource Atlanta to ensure value for money, probity, and compliance with Federal regulatory and reporting requirements and internal policies.

The Council of Development Finance Agencies seeks a motivated, well-organized and energetic individual to fill the position of Coordinator, Research & Technical Assistance. This position is critical to the continued success of CDFA's education, advocacy, research, resources and networking efforts.

The City of St. Cloud, Florida invites applications for the position of Community Redevelopment Specialist. This position requires an individual to assist with management of the daily operations of the Community Redevelopment Agency (CRA) and implement Agency programs and plans.

The Assistant Director - Westside Initiatives (ADWI) is responsible for creation, management and implementation of programming within a geographic area including the Westside, Hollowell/ML King and Perry Bolton TADs, University Choice Neighborhoods, Bowen Choice Neighborhoods, and Proctor Creek.

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This FHWA webinar discusses how infrastructure banks tie into value capture strategies for highway-related projects. The webinar is intended for professionals from States, cities, counties, Tribes, and metropolitan and rural transportation agencies looking for innovative funding and financial strategies to pay for transportation projects.

This FHWA webinar discusses how municipal bonds and debt can be used as a value capture strategy for highway-related projects. The webinar is intended for professionals from States, cities, counties, Tribes, and metropolitan and rural transportation agencies looking for innovative funding and financial strategies to pay for transportation projects.

This FHWA webinar discusses how public-private partnerships (P3s) can be leveraged as a value capture strategy for highway-related projects. The webinar is intended for professionals from States, cities, counties, Tribes, and metropolitan and rural transportation agencies looking for innovative funding and financial strategies to pay for transportation projects.

This FHWA webinar discusses how Tax Increment Financing (TIF) can be utilized as a value capture strategy for transportation projects. The webinar is intended for professionals from States, cities, counties, Tribes, and metropolitan and rural transportation agencies looking for innovative funding and financial strategies to pay for transportation projects.

This white paper was authored by three researchers at Drexel University's Nowak Metro Finance Lab. It argues that to drive a recovery that expands opportunity and innovation, local leaders would be well put to think about ways they can maximize SSBCI usage. While "local" may not be in the program's title, its success will ultimately hinge on the hard-won efforts and institutional capacity of local leaders.

This playbook provides concrete guidance on how to implement a community-rooted approach to economic inclusion—one that can build wealth within underinvested communities, while reducing economic inequities within entire cities by connecting more people, places, and small businesses to regional economic opportunity.

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