Congratulations to Ravi Doshi, Economic Development Officer & TIF Administrator for the City of Springfield, Illinois, the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. As a new graduate, Mr. Brooks joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

With bipartisan support, Congressman Dan Kildee (D--MI-8) introduced H.R. 1407, a bill that will allow public water utilities to issue bonds to finance the removal of private lead service lines and bypass the IRS' "private business use test." Removing the barrier will help more communities access low-cost financing for lead service line replacement and comply with federal drinking water standards.

The Caren S. Franzini Fellowship was created to build leadership positions for women in the field of development finance and to inspire them to embody Caren's spirit and professionalism. Franzini Fellows accepted into the program must be employed by a CDFA member and have worked in the development finance field for less than 10 years. Applications are being accepted through Friday, April 7, 2023.

Tennessee legislative committees are moving forward with a bill that would give money to communities that want to clean up abandoned and polluted properties, but not all counties will have the same opportunity to obtain funding from the emerging Brownfield Redevelopment Area Fund and Grant Program.

Funded by the USDA, targeted technical assistance is available to help six to eight tribal communities use the USDA Community Facilities Program to address the economic problems created by declining or non-existent community and/or government infrastructure. Eligible communities must have a population of no more than 20,000. Apply today!

Bellwether Enterprise Real Estate Capital LLC (BWE) has arranged a $21 million bridge loan for the acquisition of Nashville Christian Towers, a 175-unit affordable seniors housing development in Nashville, TN. BWE secured the loan, which carries a 12-month term and an available 12-month extension, on behalf of the borrower, Envolve Communities. Envolve plans to redevelop the property with proceeds from a 4% LIHTC execution and tax-exempt bonds.

Join us Tuesday, March 21 at 2:00 PM ET to tune into our next installment of the CDFA // BNY Mellon Development Finance Webcast Series: Exploring 501c3 Bond Finance for Nonprofit Organizations. During this webinar, speakers will break down 501(c)3 bond finance to demonstrate how this tool can drive investment for nonprofits.

TEDCO, Maryland's economic engine for technology companies, announced a recent $250,000 investment in NasaClip, a woman- and minority-led startup based in Baltimore, MD, which created a new device to assist in a painless, hands-free method for stopping nosebleeds. This investment came from TEDCO's State Small Business Credit Initiative (SSBCI).

Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!

The City of Norfolk is seeking a Housing Finance Specialist. The Housing Finance Specialist will plan, develop, analyze, and prepare studies and research projects related to housing and review housing financial models and prepare recommendations for the Department leadership. The incumbent will provide sufficient detail to support departmental long-term planning, problem-solving, policy and program development and management action around neighborhood revitalization and affordable housing.

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