The U.S. Department of the Treasury's CDFI Fund has announced the Calendar Year 2018 New Markets Tax Credit (NMTC) allocation awards. The CDFI Fund awarded $3.5 billion to 73 Community Development Entities (CDEs) from 35 states, Puerto Rico, and the District of Columbia.

Alpha Capital Partners, has announced the acquisition of University Place, a 342-bed student housing community in Lafayette, Louisiana. This acquisition is the second of five identified projects in Alpha's Opportunity Zone Fund. The Fund is a targeted $250 million fund launched in October 2018.

Puerto Rico's Fiscal Agency and Financial Advisory Authority has announced that Afica issued $21.6 million in bonds to finance the construction and development of a new student housing complex, parking facility and "related amenities" for the Universidad Interamericana of Puerto Rico.

Clarksville, WV officials have signed off on an $8.5 million in low-interest financing for the Robinson Grand Performing Arts Center. The 37-year loan will replace the bond anticipation note from MVB Bank that provided financing for the project during construction.

This bill authorizes appropriations for the nation's infrastructure, including appropriations for: broadband internet access, drinking water improvements, the electric power grid, energy efficiency in buildings, incentives for renewable energy systems, clean energy, revitalization of brownfield sites, hospital infrastructure and the Indian Health Service, and more.

The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1.5 billion to support seven states in their recovery from major disasters that occurred last year, including Hurricane Michael, Hurricane Florence and devastating wildfires in California.

Indiana's Regional Cities initiative helped serve as a catalyst for hundreds of millions of dollars in development in St. Joseph, Elkhart and Marshall counties and is expected to help the region grow well into the future. That's why regional leaders are puzzled why the state didn't include a similar program in this year's biennial budget.

University City officials say a $70 million subsidy of a Costco-anchored development will protect the suburb's revenues in case Chesterfield leaves St. Louis County's shared sales tax pool — a possible outcome of a case pending in the Missouri Supreme Court.

Reps. Earl Blumenauer, Darin LaHood, Terri Sewell, and Mike Kelly have introduced the Historic Tax Credit Growth and Opportunity Act. The legislation aims to bring more value to HTC transactions by eliminating the HTC basis adjustment requirement, and increasing the credit from 20 to 30 percent for properties with rehabilitation expenses of less than $2.5 million.

Dallas-Fort Worth International Airport is approaching its next major round of bond issuance with plans for sixth terminal and improvements to another that could cost up to $3.5 billion. Revenue bonds backed by airline fees will be used to finance the project, expected to cost between $3 billion and $3.5 billion,

Though lawmakers are introducing bills aimed at everything from reinstating advance refunding to raising gas taxes, politics appear to be getting in the way of any comprehensive infrastructure bill pushing through. An apparent breakdown in the bipartisan infrastructure effort comes less than a month after the announcement of a $2 trillion infrastructure plan.

During this installment of the CDFA // BNY Mellon Webcast Series, expert speakers will provide an in-depth overview of the approaches currently being used by cities, counties, and states across the U.S. to attract mega projects.

The Council of Development Finance Agencies seeks a motivated, well organized and energetic individual to fill the position of Director of Development. This position is critical to the continued success of CDFA's education, advocacy, research, resources and networking efforts.

>>> SEARCH HEADLINES