Join us Tuesday, November 21 at 2:00 PM ET for our next installment of the CDFA // BNY Mellon Development Finance Webcast Series: The Latest in Cannabis Finance. During this webinar, speakers will review the latest regulations affecting cannabis financing and the creative financing approaches providing capital to this emerging industry. Register today!

Plans for using the approximately $7 billion Alabama is expected to receive from the Infrastructure Investment and Jobs Act are taking shape. About $5.8 billion will fund highways and bridges across the state over the next five years. The Act, also known as the Bipartisan Infrastructure Law, and passed in late 2021 will mean $1.4 billion for broadband expansion through the Broadband Equity, Access, and Deployment Program.

The Council of Development Finance Agencies (CDFA) is pleased to announce Tatiana Graver, Associate Executive Director for Wisconsin Health and Educational Facilities Authority, in Brookfield, WI, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Graver joins numerous fellow graduates who are recognized as the most qualified leaders in development finance and are equipped to tackle the complexities of the industry.

PACE Equity, the leader in PACE financing for development projects, in partnership with Calvert Impact Climate, Inc., announces the closing of the initial offering of the Cut Carbon Note. This first-of-its-kind green bond allows individual and institutional investors to contribute to the development of low-carbon commercial real estate funded by Commercial Property Assessed Clean Energy.

The City of Huntsville's Community Development Department is accepting applications from those who meet program requirements. The City has $4 million to distribute to eligible property owners of low-income, multifamily rental housing in Huntsville who want to rehabilitate their properties and may qualify for funds from the Emergency Rental Assistance Program.

The Kern County, CA Board of Supervisors is set to hold a hearing on the issuance of $150 million in tax-exempt bonds for TPI-Holloway Metals Recovery, which will aid in constructing a solid waste recycling facility. The upcoming recycling facility is projected to process approximately 550,000 to 700,000 tons of automotive shredder residue annually.

KeyBank Community Development Lending and Investment provided $11.3 million for 9% tax credit equity to finance the new construction of Garrett Square Apartments, a 49-unit affordable seniors housing project. KeyBank will provide a $9 million construction loan and a $2.3 million permanent loan. Additional permanent financing sources include secondary soft loans of $1.7 million provided through the City of Cleveland's American Rescue Plan Act, $900,000 from City Home, and $450,00 from the County ERA fund.

Founded during the mid-1800s gold rush, the Salmon River Outpost is situated in Northern California. Once a gathering place where miners and settlers bought supplies for speculating. After nearly two centuries of contentious relationships between historical owners and local Indigenous communities, an Indigenous couple bought the Outpost. That's due to the $73 million in State Small Business Credit Initiative (SSBCI) program operated by the Affiliated Tribes of Northwest Indians Economic Development Corporation.

SBC is looking for an Executive Director (ED) to expand its services across the Midwest and Southeast. The ED drives overall revenue generation and market share growth of the organization by managing all aspects of the sales funnel from prospecting to onboarding. The ED is responsible for developing and implementing sales strategies for discovering and securing new opportunities in new and current markets through prospecting, networking, targeted campaigns, public presentations, finding and responding to RFPs, and other strategies. Anyone interested should submit a resume to apply@sbcfirst.com.

The City's Office of Environmental Quality and Sustainability has initiated a request for proposal for Underwriting and Loan Services related to the administration of EPA Brownfields Revolving Loan funds. The City uses a "Bonfire" platform for proposals and interested parties will need to "register as a vendor" with the City. The deadline is November 10th.

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