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Development Finance Review Weekly - January 29, 2026

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Development Finance Review Weekly
January 29, 2026
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CDFA Development Finance Review Weekly

Features

CDFA Winter Institute — Five Core Development Finance Course in One Week!
The all-new CDFA Winter Institute debuts February 23-27, 2026! Designed for busy professionals, courses are scheduled without overlap, allowing you to complete multiple core classes in a single week while building a practical, integrated understanding of development finance. This is one of your only opportunities in 2026 to complete CDFA's core introductory training courses. Knock out your DFCP requirement courses this February! Early Bird rates end February 6!

A Municipal Debt Boom Is Driving Public Projects and Tax Breaks for Investors
Across America, state and local governments have been selling bonds at a record clip to finance projects like airports, roads, and utilities. They have found a deep pool of buyers keen on realizing the tax-exemption benefits from holding this municipal debt, which also provides relatively high returns.

OZ 2.0 Tract Eligibility Data Coming Soon
New U.S. Census Bureau data that will determine OZ 2.0 eligibility is scheduled to be released on Thursday, January 29, 2026. But with a potential government shutdown looming, questions remain about whether Treasury's official list of eligible census tracts could be delayed. Learn more about what the data release means for OZ 2.0.

Arvest Opportunity Fund Lands $70M in Tax Credits
A total of $70 million in New Market Tax Credits, designed to help banks support affordable housing, small businesses, growth development, manufacturing, and essential community infrastructure, has been awarded to the Arvest Opportunity Fund. Hillis Schild, executive director of the fund, said such projects meet critical community needs, but often struggle to secure traditional bank financing.

Mobile, AL, Opens $50M Revolving Loan Fund to Support Economic Development
The City of Mobile has opened a $50 million revolving loan program that will provide low-interest loans for economic development projects. The money to establish the loan fund comes from the federal government and was approved by Congress in 2023. It will be administered by the City of Mobile in coordination with the U.S. Department of Housing and Urban Development. The fund will allow the city to support projects that strengthen its economy while also creating a sustainable source of funding to support future investments.

Pflugerville, TX, Approves $80M in Bonds for Water Pipeline, Treatment Plant Upgrades
Pflugerville City Council unanimously approved two ordinances authorizing more than $80 million in certificates of obligation bonds to fund major water infrastructure improvements, including a secondary raw water pipeline and upgrades to the city's water treatment plant. The bonds will be sold to the Texas Water Development Board, allowing the city to secure interest rates significantly lower than those available on the public market.

C-PACE Financing Gains Momentum as Developers Rethink Office Assets
In 2022, Philadelphia-based development firm Post Brothers bought two office buildings on Connecticut Avenue in Washington, D.C., with plans to convert them into approximately 530 residential units. Ultimately, a $465 million Commercial Property Assessed Clean Energy (C-PACE) loan from Nuveen Green Capital in December of 2025—billed as the largest ever originated under the program—made the conversion possible. The project, dubbed The Geneva, is a sign of the C-PACE program's rapidly expanding role as a source of capital for development projects.

Public Finance Network & CDFA Send Letter to Congress Asking for Continued Protection of and Enhancements to Tax-Exempt Bonds
A coalition of public finance groups is thanking Congress for protecting municipal bonds and is asking lawmakers to strengthen and expand how these bonds can be used to pay for public infrastructure. The coalition strongly supports keeping the tax exemption on municipal bonds. If Congress were to cut or eliminate it, borrowing would become more expensive, forcing states and cities to delay projects, raise taxes, or cut services—especially during economic downturns.

Upcoming Events
CDFA Winter Institute
This Week's Headlines

A New (Qualified) Opportunity (Zone) for Clean Energy Projects?
Resources Radio | Jan. 28 | Energy Finance | Opportunity Zones | Tax Credits

New NKY Housing Fund to be Permanent Resource to Expand Housing Supply
The Lane Report | Jan. 28 | Housing Finance | Revolving Loan Funds (RLFs)

New Rules for Qualified Opportunity Zones Present Opportunities
JD Supra | Jan. 28 | Opportunity Zones

New Working Pennsylvanians Tax Credit Now Open, Child and Dependent Care Enhancement Tax Credit has Been Expanded
More Than The Curve | Jan. 28 | Tax Credits

A Planet Trillions Of Dollars In Debt – But The Bond Market's Keeping Score
Geographical | Jan. 27 | Bond Finance

Big Tech takes on Record Debt to Fund Data Center Buildout
Finance & Commerce | Jan. 27 | Bond Finance

Bond Traders Target Dovish Fed Pick as Rieder Favored
Yahoo Finance! | Jan. 27 | Bond Finance

EPA Hosts Roundtable Discussion with Data Center Coalition on Clean Air Resources and Energy Reliability
U.S. Environmental Protection Agency | Jan. 27 | Energy Finance | Federal | U.S. Economic Development Administration (EDA)

Even in ‘Business-Friendly' States, Federal Policy Shocks are Hurting Latino-Owned Firms
Brookings | Jan. 27 | Federal | State Small Business Credit Initiative (SSBCI)

Financial Repression Has Become the Default Bond Market Policy
StoneX | Jan. 27 | Bond Finance

Greater Baltimore Committee Activates Business Leadership Across Key Economic Priority Areas
citybiz | Jan. 27 | Economic Development

Groups Fight to Preserve Tax-Exempt Status of Municipal Bonds
EFT Trends | Jan. 27 | Bond Finance

How the AI Debt Supercycle Is Reshaping Credit Markets
Neuberger Berman | Jan. 27 | Bond Finance

Marco Needs Money for Capital Improvements, Council Eyes Bond Referendum
Marco Eagle | Jan. 27 | Bond Finance

MassDevelopment Awards Baypath Tax-Exempt Bond to ‘Bridge' Donations
Hopkinton Independent | Jan. 27 | Bond Finance

Over 46K NJ Residents Lost Enhanced Affordable Care Act Tax Credits This Year
CBS News | Jan. 27 | Federal | Tax Credits

Trump Housing Finance Chief OKs More Mortgage Spending, Adds Risk for Government-Backed Lenders
ABC News | Jan. 27 | Bond Finance | Federal

Why are U.S. Bonds and Interest Rates Stuck in Neutral in Early 2026?
Yahoo Finance! | Jan. 27 | Bond Finance

Climate Change Risk Index and Municipal Bond Disclosures of United States Drinking Water Utilities
Communications Earth & Environment | Jan. 26 | Bond Finance | Resiliency | Water Finance

Coalition Urges Protection of Tax-Exempt Municipal Bonds
Water Finance Management | Jan. 26 | Bond Finance | Legislative | Water Finance

Louisiana Retools Student Internship Tax Credit to Boost Business Interest
Bridge Tower Media | Jan. 26 | Tax Credits

Senate Returns, Staring at Possible Partial Government Shutdown
Roll Call | Jan. 26 | Education | Federal | Legislative

Spaceport Bonds: From Earth to Orbit
Holland & Knight | Jan. 26 | Bond Finance | Federal | Legislative

Transformational Opportunity Zone Real Estate - Latest OpportunityZones.com Interview
Opportunityzones.com | Jan. 26 | Education | Housing Finance | Opportunity Zones

When "Affordable Housing" Means Government-Funded Housing in Colorado
The Rocky Mountain Voice | Jan. 26 | Housing Finance | Revolving Loan Funds (RLFs)

EDA Talks Child Care and Housing Loans
Faribault County Register | Jan. 25 | Revolving Loan Funds (RLFs)

Issuers of ‘Blue Bonds' Seek to Replicate Growth of Green Bonds to Finance Ocean Health
Impact Alpha | Jan. 25 | Bond Finance

Troy Council Backs Downtown Sprinkler Loan Program
Dayton Daily News | Jan. 24 | Revolving Loan Funds (RLFs)

As Federal ACA Subsidies Lapse, Blue States Offer Their Own
CNBC | Jan. 23 | Federal | Healthcare | Tax Credits

COPA Awarded More Than $16M by Texas Water Development Board
Port Arthur Texas | Jan. 23 | Revolving Loan Funds (RLFs) | Water Finance

Judge Blocks HUD's Effort to Overhaul Federal Funding for Homeless Services
Shelter Force | Jan. 23 | Federal | Housing Finance

Louisiana VC Deal Count Nears Record High in 2025, As Funding Takes a Dip
Technical.ly | Jan. 23 | State Small Business Credit Initiative (SSBCI)

National Affordable Housing Report – January 2026
Multi-Housing News. | Jan. 23 | Federal | Housing Finance | Tax Credits

North Dakota's Historic Rural Health Transformation Grant Allocates $199M for 2026
North Dakota Department of Health and Human Services | Jan. 23 | Access to Capital | Community Development | Healthcare | Rural Development

Ohio Opens New Application Round for Historic Preservation Tax Credit Program
River Cities | Jan. 23 | Historic Preservation | Tax Credits


CDFA President's Club Spotlight

McGuireWoods McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP uses client-focused teams to serve public, private, government, and nonprofit clients from virtually every area of the law. To complement their services, they offer...
MuniCap, Inc. MuniCap, Inc.
MuniCap, Inc. is a public finance consulting firm based in Columbia, Maryland that specializes in the public finance aspects of redevelopment. MuniCap is headquartered in Columbia, Maryland, with additional offices located in Dallas, Texas,...
PGAV Planners, LLC PGAV Planners, LLC
PGAV is a global leader in planning, design, and development consultation to public, corporate, and institutional clients. For more than fifty years, PGAV has created unique approaches and solutions to community planning and development issues, and...

CDFA Bookstore

Cover thumbnail Advanced Tax Increment Finance Reference Guide 2nd Edition
The Advanced Tax Increment Finance Reference Guide builds upon CDFA's introductory offerings by exploring in-depth the complexities and transformative potential of tax increment financing.

New Members

Livingston Economic Development Council - Walker, LA

Northwest Indiana Regional Growth Fund - Valparaiso, IN

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.

Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA President's Club

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