CDFA California Financing Roundtable Newsletter - December 2013
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| Feature |
Foreign Investors to Revive Merritt Hotel in Oakland
The U.S. Immigration Investment Center, a San Jose real estate investment firm, plans to begin a $5 million renovation of the Merritt Hotel, a five-story hotel at 2332 Harrison St. in Oakland's Uptown neighborhood.
Congressman Seeks Federal Funds for Redevelopment Agencies
Congressman Eric Swalwell (D-Dublin) has introduced legislation that would use federal funds to replace much of California's Redevelopment Agency development obligations that were declared illegal by Gov. Jerry Brown.
State of California Hands Tesla $34.7M in Tax Breaks
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) granted this tax benefit to Tesla in order to encourage clean technology development in the state.
California Has a New Infrastructure Advocate
Will Kempton spent five years heading the California Department of Transportation (Caltrans) under the leadership of Gov. Arnold Schwarzenegger, and after he left that job he spent another four leading the Orange County Transportation Authority, leaving earlier this year.
Gov. Recognizes HERO Program with CA's Highest Honor
The state presented the Governor's Environmental and Economic Leadership Award to recognize the success of the HERO Program, which is a public-private partnership between cities and counties and the private sector that empowers property owners to become more energy efficient.
$7M at LA Hilton Largest Project in PACE History
The Hilton Los Angeles/Universal City used PACE (Property Assessed Clean Energy) financing to fund an astounding $7M worth of sustainable upgrades, making it the largest commercial PACE project in the country.
2014 EDA Economic Development Grant Program Now Open
This Federal Funding Opportunity (FFO) announcement sets out EDA's application submission and review procedures for two of its Economic Development Assistance programs (EDAP) authorized under the Public Works and Economic Development Act of 1965, as amended.
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California News |
Proposed CA Recycling Plant Receives Extension on $175M Issuance
The Bond Buyer | Dec. 31 | Bond Finance
Napa County to Study Renewable Energy Option
Napa Valley Register | Dec. 30 | Energy Finance | Green Finance | Local Finance Program
Rick Ashburn: The Demise Of California Muni Bonds Has Been Greatly Exaggerated
Seeking Alpha | Dec. 30 | Bond Finance
Arena Opponents Question Economic Impact Study
Sacramento Business Journal | Dec. 30 | Economic Development | Local Finance Program | Redevelopment
$30M in Biz Tax Credits Up For Grabs
San Diego Union-Tribune | Dec. 24 | Economic Development | State Finance Program
City of Stockton Launches Figtree PACE Program
PR Web | Dec. 19 | Access to Capital | Energy Finance | Green Finance
ULI Wants to Recreate CA Redevelopment
The Sacramento Bee | Dec. 16 | Redevelopment | State Finance Program
News Briefs: Historic Tax Credits
Novogradac & Co | Dec. 11 | Tax Credits | U.S. Dept. of Interior - National Park Services (NPS) | Federal
San Diego Establishes Microloans for Small Business
U-T San Diego | Dec. 10 | Access to Capital | Economic Development | Innovation Finance | Local Finance Program | U.S. Economic Development Administration (EDA)
SF Proposes Residential PACE Program
SF Examiner | Dec. 2 | Community Development | Green Finance
After USCIS Delay, Construction Resumes on EB-5 Project
Digital Journal | Nov. 27 | Access to Capital | EB-5 Visa | International | Federal | U.S. Citizenship and Immigration Services (USCIS)
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New Additions to the Online Resource Database |
PACE Financing - Key Features and Case Studies
Bond Finance | Green Finance | Local Finance Program | Tax Increment Finance (TIF)
Cliff Staton with Renewable Funding covers the evolution and exponential growth of PACE and special district financing for energy efficiency and renewable energy projects. Staton also shares several PACE case studies.
Access to Capital
Access to Capital
Lynn Fernandez with Valley Economic Development Center presents on a variety of access to capital programs available in California, highlighting lending criteria for borrowers.
Supporting Rural and Small Town Development in the Golden State
Rural Development | U.S. Dept. of Agriculture (USDA)
Glenda Humiston presents on the U.S. Dept. of Agriculture's funding and technical assistance programs, which include Business & Cooperatives Development, Community Facilities & Rural Utilities, Water, Sewer & Solid Waste Systems, and Single, Multi-Family & Farmworker Housing.
On Bill Financing
Energy Finance | Green Finance
On Bill Financing (OBF) is a useful tool for energy efficiency financing, with some unique challenges to implementation. Frank Spasaro with Southern California Gas Company explains the benefits, hurdles, and lessons learned through project examples.
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Sponsors |
Conference Premium Sponsor
Conference Supporting Sponsor
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New Members |
Growth Capital Associates, Inc. - Orinda, CA
Lowe Enterprises, Inc. - Los Angeles, CA
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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.
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Council of Development Finance Agencies
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net
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