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Development Finance Review Weekly - September 22, 2016

Development Finance Review Weekly
September 22, 2016
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CDFA Development Finance Review Weekly

Feature

CDFI Fund Announces over $90M in Awards through Capital Magnet Fund
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 32 organizations nearly $91.5 million in grants today for the development of affordable housing and community facilities in low-income communities.

How MCDC Has Changed Continuing Disclosure Practices
Municipal market participants here shared concrete examples of how disclosure is improving in the wake of the Securities and Exchange Commission's continuing disclosure voluntary enforcement initiative.

First CO Commercial PACE Project Receives Financing
The New Energy Improvement District (NEID) announced financing for Colorado's first Commercial Property Assessed Clean Energy project. NEID, with Colorado Energy Office (CEO) support, oversees the development of Colorado C-PACE projects.

Microenterprise Lending: A Cookbook for Mutual Success
This guide by ISED Solutions and the U.S. Office of Refugee Resettlement discusses the difficulties of microlending and lending to refugees and immigrants. Use this as a guide to find inspiration in developing your own recipe for microenterprise lending – one that the consumer will use and appreciate in building a new life in the United States.

Denver Capital Matrix: Funding Sources for Entrepreneurs and Small Business
The Denver Office of Economic Development released it's fifth annual edition of the Denver Capital Matrix. The report is designed as a tool to assist business owners and entrepreneurs with discovering the various sources of capital in and around the Denver area.

Healthy Food Financing Programs Across the Country
The Food Trust provides a list of healthy food financing programs across the country. This list includes all of the program's partners, funding sources, and types of financing.

Upcoming Events
CDFA's 30th National Development Finance Summit

Intro Public-Private Partnership (P3) Finance Course
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Why Dealers Are Struggling with Proposed Markup Disclosure
Dealers are struggling with how to comply with the Municipal Securities Rulemaking Board's proposed markup disclosure requirements and whether they can create computer programs or rely on pricing services for compliance.

Muni Pros Expect Rates to Drive 2017 Volume, See Green Bonds As a Ploy
In a live market survey at the 26th annual Bond Buyer California Public Finance Conference, 50% of the audience said rates will have the biggest effect on the market. Half of the audience said that green bonds are purely a marketing ploy and part of a fad that won't last.

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: Immigrant & Refugee Financing Strategies
October 18, 2016 - 1:00 pm Eastern
Without credit history or a business track record, lenders are traditionally hesitant to lend to immigrants and refugees. So, how do immigrants and refugees secure financing? How do immigrants get access to affordable and flexible capital for starting a business? This month during the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss their approach to providing capital for immigrants and refugees.

This Week's Headlines

Norwich, CT Residents Urge City to Save Historic Department Store
The Norwich Bulletin | Sep. 22 | Historic Preservation | Redevelopment | Tax Credits

MA Approves Tax Credits Allowing Fall River Pillow Maker to Grow
The Herald News | Sep. 22 | Tax Credits

Panel Votes to Extend Nuclear Power Tax Credit
The Hill | Sep. 22 | Energy Finance | Legislative | Tax Credits

Miami to Consider SEC Settlement
The Bond Buyer | Sep. 22 | Bond Finance | U.S. Securities and Exchange Commission (SEC)

Schilling 38 Studios Deal Could Push First Southwest to Settle
The Bond Buyer | Sep. 22 | Bond Finance | Federal

CaliforniaFirst PACE Program Finances Projects for Commercial Property
The National Law Review | Sep. 22 | Energy Finance | Green Finance

St. Louis EDP Expands Startup Incubator with $2M Grant
St. Louis Business Journal | Sep. 22 | Access to Capital | Economic Development

MN Congressional Delegation Upset Over Political Subdivision Rules
The Bond Buyer | Sep. 21 | Bond Finance

Yankees Get Go-Ahead to Refinance Their $1B Mortgage
CNN Money | Sep. 21 | Bond Finance | Economic Development

MI Bills Could Create $3B Investment in Detroit
The Detroit News | Sep. 20 | Brownfield Financing | Legislative | Redevelopment | State Finance Program

Preservationists Argue for More State Historic Tax Credits in PA
Newsworks | Sep. 20 | Historic Preservation | Tax Credits

Unable to Use All Its STAR Bond Financing, Prairiefire Seeks TIF
Kansas City Business Journal | Sep. 20 | Bond Finance | Economic Development | Special Assessment Districts | Tax Increment Finance (TIF)

Umbaugh Raises Its Ranking in Top 200 CPA Firms in the Nation
Umbaugh | Sep. 20 | Bond Finance

St. Louis Based Capital Innovators Invests in 6 New Startups
St. Louis Business Journal | Sep. 20 | Access to Capital | Economic Development

Charlotte City Council Vote to Approve $55M Airport Expansion
Charlotte Observer | Sep. 16 | Infrastructure Finance

Delayed $380M Red Cedar Project Seeks Ingham County's Help
Lansing State Journal | Sep. 16 | Bond Finance | Brownfield Financing

Community Development District Established for Long Bar Pointe Project
Bradenton Herald | Sep. 16 | Infrastructure Finance | Special Assessment Districts

Palmetto Health Refinances Tuomey Purchase with JEDA Bonds
SC JEDA | Sep. 16 | Bond Finance | Infrastructure Finance

Hartford, School Districts Reach Proposed TIF Agreement
Civitas Media | Sep. 16 | Tax Increment Finance (TIF)

Port of Los Angeles Issues $35.2M in ‘Green' Bonds
Business Wire | Sep. 15 | Bond Finance | Green Finance | Infrastructure Finance

Downtown Kingman Merchant Group Seeks Development District
Daily Miner | Aug. 20 | Economic Development


Job & RFP Postings

Hiring: Project Coordinator - CDFA

Hiring: Executive Vice President and COO - Invest Atlanta

Hiring: Associate Director Real Estate Finance - Fairfax County Dept. of Housing and Community Development

National Sponsor Spotlight

Hawkins Delafield & Wood LLP Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the U.S. whose practice is devoted primarily to public finance and public projects. The firm has more attorneys engaged in the full time practice of public finance and projects than any...
Ice Miller LLP Ice Miller LLP
Ice Miller LLP is a full-service firm with the resources it needs to counsel its clients and deliver quality legal advice. Ice Miller offers a broad array of capabilities in virtually all areas of the legal practice.
KeyBanc Capital Markets KeyBanc Capital Markets
KeyBanc Capital Markets is an investment banking firm serving issuers of tax-exempt debt for over 40 years. Their team identifies opportunities, designs financing structures and develops an array of solutions that meet and exceed clients' financial...

Partner Spotlight

Association of Development Financing Institutions in Asia and the Pacific Association of Development Financing Institutions in Asia and the Pacific
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to...

CDFA Bookstore

Cover thumbnail Tax Increment Finance Best Practices Reference Guide 2nd Edition
The Tax Increment Finance Best Practices Reference Guide 2nd Edition addresses what TIF is, why it should be used and how best to apply the TIF tool. This guide highlights both TIF and special assessment projects across the country and how they can be applied to address common economic development issues.

New Members

Natural Capital Investment Fund - Shepherdstown, WV

Saint Francis Group - Cincinnati, OH

Grey Mountain Charter Financing - Westminster, 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