CDFA Bond Finance Update - January 17, 2023

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Features |
Join CDFA for the Return of the Fundamentals of Economic Development Finance Course
Join CDFA as we kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 25-26, 2023! This course is the foundation for all of CDFA's educational offerings and will help attendees understand the variety of development finance tools available including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, Opportunity Zones, and access to capital lending resources.
Public Finance Authority Receives 2022 Bond Buyer Deal of the Year
The Public Finance Authority is proud to have been bond issuer on "The Bond Buyer Deal of the Year" for 2022 for its financing of the Fargo-Moorhead Metropolitan Area Flood Risk Management Project in North Dakota. The Project earned accolades in both the Public-Private Partnership Category and took home the coveted "Deal of the Year" award for overall merit. The Public Finance Authority issued the bonds for this crucial P3 project designed to reduce catastrophic flooding risks to the local community
$36M Tax-Exempt Bond Issued for Massachusetts School
MassDevelopment has issued a $36 million tax-exempt bond on behalf of The Park School, a nonprofit, coeducational day school for grades pre-K through eight, which will use a portion of bond proceeds to fund several capital projects on its campus at 171 Goddard Ave.
$239M Bond Issued to Build Glass Manufacturing Facility in Bowling Green, KY
The Kentucky Transpark will be the home of O-I Glass' brand-new, 160,000-square-foot, bottle manufacturing facility. They join the likes of Envision AESC electric-vehicle battery plant, as one of the newest economic developments in the county. During the first Fiscal Court meeting of the new year, officials approved resolution 23-01, which allows a $239.3 million bond for Owens-Brockway Glass Container to build the new facility in Bowling Green.
Peak Innovation Park in Colorado Secures Financing for Second Phase of Development
D.A. Davidson's Special District Group has successfully sold $64 million in Limited Tax General Obligation Bonds, Series 2022A-1 and Convertible Capital Appreciation Limited Tax General Obligation Bonds, Series 2022A-2 for the continued development of Peak Innovation Park. The bond proceeds will help finance the second phase of the development journey of the 1,600-acre Peak Innovation Park located near Colorado Springs.
Louisiana State Bond Commission Receives Approval of Financing for Origin 2
Origin Materials, Inc., the world's leading carbon-negative materials company announced that the Louisiana State Bond Commission has unanimously passed a resolution granting its final approval of the issuance of up to $1.5 billion of tax-exempt bonds for the financing for the construction of Origin 2, the Company's first world-scale manufacturing facility, to be located in Geismar, Louisiana.
Forbright Announces Green Bond Report
Forbright Inc. announced that proceeds of its inaugural Green Bond have been successfully allocated and resulted in nearly 12,000 metric tons of estimated annual carbon equivalent emissions avoided. In December 2021, Forbright Inc. has issued a $125 million Green Bond.
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Market Reports |
Weekly Market Outlook
Moody's Analytics | Jan. 10 | Bond Finance | Market Reports
Capital Market Insights
Wye River Group | Jan. 10 | Bond Finance | Market Reports
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Upcoming Events |

SSBCI Learning Series - Compliance: Program Reporting Requirements
February 16, 2023 - 2:00 PM - 4:00 PM Eastern
During the 2023 SSBCI Learning Series, CDFA will elevate conversations and host sessions geared toward successfully implementing new SSBCI programs and financial products, reaching targeted small businesses and business sectors, and effective program reporting and compliance strategies.
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Bond Finance Headlines |
Ogden, UT Leaders Vote for WonderBlock Bond Measures
Standard-Examiner | Jan. 17 | Bond Finance | Redevelopment
Development Coming to Park City, UT as STAR Bond Passes
MSN | Jan. 17 | Bond Finance | Economic Development
Baltimore, MD Uses Bonds for Its Glitziest Developments
The Salem News | Jan. 12 | Bond Finance | Housing Finance | Tax Increment Finance (TIF)
Bond Markets Flash Warning About Environmental Catastrophes
Yahoo! Finance | Jan. 12 | Bond Finance
Bond market: What to Expect in 2023
Yahoo! Finance | Jan. 12 | Bond Finance
University of Utah Student Housing Units to be Built in Public-Private Partnership
@theU | Jan. 10 | Bond Finance | Housing Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing
The Year Ahead: 2023 Fixed Income Market Outlook
IMTC | Jan. 10 | Bond Finance
Stocks Rise, Bond Yields Rise with December's Upcoming Price Data in Focus
Reuters | Jan. 10 | Bond Finance
Michigan Middle School Parking Lot Among Latest Improvements Funded by 2019 Bond
Livingston Daily | Jan. 10 | Bond Finance | Infrastructure Finance
Northville Schools in Michigan to Ask Voters for $134M Bond
Hometown Life | Jan. 3 | Bond Finance | Infrastructure Finance
Voters Embraced Affordable Housing Initiatives
Pennsylvania Capital Star | Jan. 3 | Bond Finance | Housing Finance
Three Affordable Housing Projects Move Forward in Saint Paul, MN
City of Saint Paul | Jan. 3 | Bond Finance | Housing Finance | Tax Credits | Tax Increment Finance (TIF)
Hoboken City Council in New Jersey Approves $84M Bond to Acquire Property for New DPW
TAPinto Hoboken | Dec. 28, 2022 | Bond Finance
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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 visit CDFA.net or email info@cdfa.net
For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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