A bipartisan bill included in House Democrats' larger infrastructure package would expand the use of tax-exempt private activity bonds to finance small to mid-sized manufacturing and agricultural sectors. The Modernizing Agricultural and Manufacturing Bonds Act would change certain definitions to try to expand the use of small issue manufacturing bonds, known as industrial development bonds, and first-time farmer bonds, often referred to as aggie bonds.

The bill, which passed in the House, 233-188, is massive in its scope with $1.5 trillion for priorities such as schools, hospitals, housing, broadband, drinking water, storm water, the energy grid and vehicle safety. The Moving Forward Act includes several bond financing provisions, makes the NMTC permanent, gives LIHTC a major boost, delays the phasedown of the ITC, and increases the Historic Tax Credit, among many other provisions.

The Moving Forward Act calls for bold investments in infrastructure through an array of new and existing programs and regulatory changes targeting everything from water to energy to broadband to mass transit to roads to electric vehicle infrastructure, and NRDC is supporting it.

A new paradigm is emerging – one in which mainstream investors increasingly want to invest in the social, economic, and environmental well-being of communities. LISC's research paper, CDFIs and the Capital Markets: Tapping into Impact Investors, lays the foundation for the CDFI industry to seize on the opportunities stemming from this paradigm shift.

After four years, a coalition of organizations has completed the largest public-private partnership (P3) social infrastructure project in U.S. history. The 1.2-million-gross-square-foot campus expansion, known as UC Merced 2020, was officially delivered to the University on June 1. The $1.3 billion project includes student housing, classrooms, teaching and research space, student wellness and counseling facilities, and recreational spaces.

Opportunity Alabama's singular skill for connecting capital, community leaders, and developers earned the nonprofit a Forbes OZ 20 Grand Prize. Now that knack for coalition and capacity-building work is being leveraged to help Alabama communities bounce back from Covid-19's economic blows.

Signature projects around the state are making major impacts on the cities and regions in which they are located, and many are moving forward thanks to Tax Increment Finance status through the Kentucky Cabinet for Economic Development. The cabinet website lists $10.1 billion in completed or planned investment in more than 35 TIF projects.

New research shows the issuance of social bonds has reached record levels and more than quadrupled so far this year, as conscious investors combine profit and purpose to address rising inequalities created by the coronavirus. According to S&P Global Ratings, "Recent growth in social bond issuance indicates that the COVID-19 pandemic has not turned issuers' or investors' attention away from sustainable finance — rather, interest seems to be growing."

The Food Supply Protection Act (FSPA – S. 3840) was introduced last month by Senate Agriculture Committee Ranking Member Senator Debbie Stabenow (D-MI). The FSPA has three main sections to address food bank infrastructure, partnerships to purchase and provide farm products excluded from the current CFAP 'Food Box' program, and processing capacity of small and mid-sized food processors.

CDFA-ARI Rural Finance Webinar Series: Access to Capital and Community Facilities
Wednesday, July 8, 2020 - 1:00 PM - 2:30 PM Central

CDFA-PFM Capital Markets Webinar Series: What Worries Your Municipal Advisor
Thursday, July 9, 2020 - 2:00 - 3:30 PM Eastern

CDFA Federal Financing Webinar Series: Federal Recovery Resources from the EPA
July 17, 2020 - 1:00 - 3:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Financing Small Business Recovery After COVID-19
Tuesday, July 21, 2020 - 1:00 PM Eastern

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In light of the unprecedented economic challenges presented by the COVID-19 outbreak, taxpayers with short-term or long-term capital gain income generated in 2019, or in early 2020, can use the OZ program to invest the qualified gains in a QOF for a period of time. As some investors reevaluate their commitments to qualified opportunity zones ("QOZs") in light of the COVID-19 global pandemic, they may enjoy some level of favorable tax treatment in 2020 if they decide to liquidate their capital from the funds

COVID-19 disrupted nations around the world in 2019 and 2020. It continues to cause death and economic damage in many countries. The changes in lifestyle and measures to reduce the spread of COVID-19 have significantly altered economic activity, employment, food consumption, and workplace environments.

The Columbus & Franklin County Local Food Action Plan provides a framework of common goals and actions that serve to unify residents, schools, community organizations, businesses, and local government in supporting a healthy, strong, and resilient local food system. The plan's goals and actions represent those with the greatest potential for a positive impact on the food-related issues facing our community.

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