CDFA has signed-on to letters authored by Renovate America to defend PACE from detrimental legislative action. The PACE Act of 2017 (H.R. 1958 & S. 838) would limit homeowners' ability to finance energy-efficiency, clean energy, and disaster resiliency improvements to their homes.

Detroit plans to finance improvements along commercial corridors by issuing $124.5 million against the city's share of state increases in fuel taxes and vehicle registration fees. JPMorgan Chase will purchase the municipal bonds through the Michgan Finance Authority.

In response to the unprecedented wildfires plaguing the state, the California IBank will expand its existing State Small Business Loan Guarantee Program, and provide up to $10 million for a Disaster Relief Loan Guarantee Program (DRLGP).

A new study, released by Lawrence Berkeley National Laboratory, says energy efficient buildings are less likely to default on mortgages when compared to commercial buildings with higher energy consumption. The findings are based on mortgage default rates and energy performance in six major cities from 2000 to 2012.

The Chicago Food Policy Action Council (CFPAC) applauded the City of Chicago for adopting a resolution that will transform the way agencies purchase food and will work by promoting health and well-being to Chicagoans while creating a sustainable, socially responsible food system that has the potential of returning millions of dollars to local, food-based businesses and entrepreneurs.

According to House Ways and Means Committee Chairman Kevin Brady, "there's very strong bipartisan support for preserving" the tax exemption for municipal bonds and that he expects to have a tax reform bill on President Trump's desk before the end of the year.

The Port Authority of New York and New Jersey has invested nearly $1 billion in storm mitigation and resiliency projects in the five years since Hurricane Sandy with another $2.8 billion in the pipeline. The FTA and FEMA have also provided grant funding for the Port Authority's resiliency intiatives.

$105 million in bonds issued by the St. Louis IDA and underwritten by Stifel join a complex financing package that will spur a $261 million downtown St. Louis project. The project will support the construction of a new hotel, apartment building, and retail space.

Augusta, Ga.'s economic development agency has signed a $130 million industrial revenue bond issue to fund Starbucks' plant expansion. Starbucks announced plans for the 140,000-square-foot addition over the summer. The expansion would create 100 new jobs.

According to expert panelists at a recent SIFMA meeting, Congress is unlikely to pass a major infrastructure spending bill after tax reform.

California's $1.6 billion bond sale this week provided savings for California and pumped more money into the state's ambitious high-speed rail program, which still faces a long journey to completion beset by lawsuits and political opponents.

Oregon State University- Cascades is taking on the reclamation and redevelopment of a 72-acre demolition landfill and 46-acre former pumice mine to expand their campus and create an Innovation District. In the latest Roadmap to Redevelopment report, CDFA provides financing recommendations for the project, which is expected to be phased over a 10-year period.

A revolving loan fund is a self-replenishing pool of money, utilizing interest and principle payments on old loans to issue new ones. They come in many shapes and sizes and support a variety of economic development activities. This webinar will outline the basic principles of capitalizing and managing RLFs and how to maximize their use to support businesses in Texas.

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