Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

The Chicago City Council voted 32-17 on Friday to borrow $1.25 billion during the next five years to fund a wide-ranging slate of projects designed to expand the supply of affordable homes and good-paying jobs. The approval represents a major win for Mayor Brandon Johnson, who has touted the proposal as a way to make Chicago a more equitable place to live by "investing in people" and expanding the city's economic capacity — without raising taxes on Chicago property owners.

The Chicago City Council has approved $9 million in Tax Increment Finance (TIF) funding for Ogden Washtenaw A2, the latest phase of Ogden Commons. Located at 1312 S. Talman, the project is a collaboration between The Habitat Company, Lawndale Real Estate LLC, and Sinai Health System. 

Barisi Village will be a European-style village that could include 210 townhomes, 1,350 multi-family units, a 120-room hotel, shopping and dining options, a nine-hole golf course, and a number of social spaces for people to enjoy. The project will take at least 10 years and be done in three phases.

The Tax Increment Finance District (TID) Review Committee of Rapid City, SD granted preliminary approval for the establishment of the Camden Heights Affordable Housing/Infrastructure District. The estimated cost for the Camden Heights project exceeds $79.6 million, with projected TID costs of approximately $12.4 million. Financing for the endeavor will be a collaborative effort between the City of Rapid City and the developers.

The City of Gulfport has passed a resolution authorizing tax increment financing revenue bonds in an amount of up to $5.2 million for various infrastructure improvements. The Tax Increment Finance (TIF) Bonds will fund roadway enhancements, landscaping, and utilities — hopefully bringing in new businesses that will ultimately benefit locals.

The Cleveland Cavaliers hope to break ground on a new downtown practice facility before the end of 2024, putting the project on track to open by late 2027. Cleveland City Council will see a Tax Increment Financing (TIF) proposal for the building. That arrangement would let Bedrock fund the project, in part, by pledging future property tax revenues from development to paying off construction debt.

A former 100-year-old lumber mill site on Missoula's Northside will be redeveloped with the construction of 89 homes and more than 200 apartments as part of the Scott Street-Ravara housing development. Building off the neighborhood plan, the city created an urban renewal district in 2015 to help finance Northside development using Tax Increment Financing (TIF).

CDFA Food Systems Finance Webinar Series: Financing Food Systems with Revolving Loan Funds
April 30, 2024 - 2:00 PM - 3:30 PM Eastern

SSBCI Learning Series - Leveraging SSBCI for the Greenhouse Gas Reduction Fund
May 7, 2024 - 2:00 PM - 4:00 PM Eastern

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