Join CDFA at the 2023 National Development Finance Summit
CDFA is traveling to Philadelphia, PA for the 2023 National Development Finance Summit! The NDFS brings together leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. Early Bird registration rates end October 13 so register today!
Pennsylvania Allocates $2.2M in New PIDA Loans
Department of Community and Economic Development (DCED) Secretary Rick Siger announced the recent approval of three new low-interest loans through the Pennsylvania Industrial Development Authority (PIDA) to support business expansions and help spur the economy in Beaver, Elk, and Westmoreland counties. Pennsylvania-based businesses across a variety of industries are eligible to apply for PIDA loans including agriculture.
Share Your Experience Lending to the Food System - Short Survey for CDFA Research!
CDFA is researching the feasibility and market demand for a national food systems loan guarantee program to help unlock investment for food- and agriculture-related businesses and projects. This research includes surveying loan funds operated by private, public, and quasi-public development finance agencies (DFAs) around the country to learn more about existing lending programs. Please take a few minutes to share your expertise in this short survey!
Revolving Loan Fund to Bolster Housing Development in Jefferson County, CO
Thrive Economic Development announced the launch of the Live Local Development Fund, an initiative aimed at promoting housing development and fostering vibrant communities across Jefferson County.
Join CDFA for Our Upcoming Intro Tax Credit Finance Course
Register for CDFA's Intro Tax Credit Finance Course taking place on September 27-28 to learn the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs including new markets, low-income housing, historic preservation, and state-specific programs.
Kentucky Agricultural Finance Corp. Approves $2.4M in Loans
The Kentucky Agricultural Finance Corp. (KAFC) approved more than $2.4 million for 16 agricultural loans for projects across the Commonwealth through the Agricultural Infrastructure Loan Program (AILP), Beginning Farmer Loan Program (BFLP), and Large/Food Animal Veterinary Loan Program (LFAVLP).
$11M to Revolutionize Investment in Black Agricultural, Food Businesses in New York
Black Farmer Fund (BFF) has reached a major fundraising milestone by successfully raising $11 million of the $20 million goal for BFF Fund 2.0. BFF Fund 2.0 builds off of the Pilot Fund and is a $20 million integrated capital fund that provides Black agricultural and food businesses in the Northeast with grants, patient debt, and technical assistance to optimize their growth potential and social impact.
Tennessee Announces $2.3M for Rocky Top Water Infrastructure
The Tennessee Department of Environment and Conservation (TDEC) announced two loans totaling $2.3 million for the City of Rocky Top to improve water infrastructure. The two loans for the City of Rocky Top come from the Clean Water State Revolving Fund Loan Program and will address infiltration and inflow correction within the wastewater collection system. These loans have a 20-year term at 1.73 percent interest.
New York Receives $185M Federal Grant and Approves $189M Bond for Water Infrastructure
New York announced over $185 million in direct financial assistance for water infrastructure improvement projects across the state. The announcement authorizes municipal access to over $94.7 million in low-cost short-term financing and previously announced grants. The state also took action to help ensure continued, long-term affordability of existing projects, which includes a $189 million bond sale that will save municipalities an estimated $125 million in debt service payments for 25 projects statewide.
DOT Approves $501M TIFIA Loan for Interstate Expansion in Colorado
The U.S. Department of Transportation (DOT) announced that its Build America Bureau has provided a $501 million low-interest Transportation Infrastructure Finance and Innovation Act loan to the Colorado Transportation Investment Office on behalf of the Colorado Department of Transportation to improve a 61-mile corridor of I-25, including adding 52 miles of express toll lanes between Denver and Fort Collins, Colorado.