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Development Finance Review Weekly - August 8, 2024

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Development Finance Review Weekly
August 8, 2024
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CDFA Development Finance Review Weekly

Features

Join CDFA and BNY to Learn How to Finance Charter Schools With Social Bonds!
Join us for the next CDFA // BNY Development Finance Webcast Series, where experts will explore how social bonds can provide low-interest loans to top-performing charter schools. This innovative approach has the potential to transform educational opportunities and drive meaningful change for students. Register for free today!

Biden-Harris Administration Announces $184M for Six Recompete Program Awardees
The U.S. Department of Commerce's Economic Development Administration (EDA) announced $184 million in implementation grants for six Recompete Finalists. These awards will create renewed opportunity in economically distressed communities through good-paying, high-quality jobs and improve access to the workforce for Americans. The program, part of the Biden-Harris Administration's Investing in America agenda, is helping revitalize communities historically overlooked by federal investment and driving economic comebacks across the country.

CDFA Recognizes Austin Stone - The Newest Graduate of the Prestigious DFCP Program
The Council of Development Finance Agencies (CDFA) is pleased to announce Austin Stone, Underwriting Associate for Arthur J. Gallagher & Co., as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. As a new graduate, Mr. Stone joins the ranks of fellow graduates who are recognized as emerging leaders in the development finance industry

BayCare in Florida May Receive Up to $1.9B in Hillsborough Bond Funding
BayCare Health System could soon receive up to $1.9 billion in tax-exempt bonds to finance renovations to their existing hospitals and construction of several new buildings. Hospital leaders presented their application to Hillsborough County's Industrial Development Authority, a group that issues bonds to fund capital projects that create jobs and boost the county economy. The application was approved unanimously, and the authority's chairperson, Victor DiMaio, noted this would be the largest bond issued in the group's 45-year history.

CDFA Recognizes Stacy Kilroy - The Newest Graduate of the Prestigious DFCP Program
The Council of Development Finance Agencies (CDFA) is pleased to announce Stacy Kilroy, Chief Innovation Officer for BusinessFlare LLC, in North Miami, FL, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Kilroy joins the ranks of fellow graduates who have invested in their professional development and are recognized as emerging leaders in the development finance industry.

New Cherokee Nation Rental Housing for Cherokee Elders Funded by HUD
Cherokee Nation leaders joined Stilwell-area community officials for a move-in celebration to mark the completion of six new one bedroom single rental units for Cherokee elders. The new rental housing units were funded through the U.S. Department of Housing and Urban Development's (HUD) Indian Housing Block Grant. The project is part of Principal Chief Chuck Hoskin Jr. and Deputy Chief Bryan Warner's historic housing initiatives ongoing across the tribe's reservation.

City of Springfield, MO Receives $1M EPA Grant for Brownfields Revolving Loan Program
The U.S. Environmental Protection Agency (EPA) awarded the City of Springfield with a $1 million check for its Brownfields Revolving Loan Program. Brownfields are properties whose redevelopment or reuse is complicated by potential contamination by lead, asbestos, petroleum, or other hazardous substances.

Upcoming Events
Intro Tax Credit Finance WebCourse
Upcoming Webcasts

CDFA // BNY Development Finance Webcast Series: Financing Charter Schools with Social Bonds
August 20, 2024 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will discuss how social bonds can be used to provide low-interest loans to high-performing public charter schools to provide transformative educational opportunities for students.

SSBCI Learning Series - Filling the Gaps with the Suite of SSBCI Technical Assistance Programs
September 3, 2024 - 2:00 - 4:00 PM Eastern
SSBCI 2.0 has provided three different sources of funding for a range of technical assistance. In this session, speakers will discuss how each program supports the other and explore best practices on how to maximize the impacts of each program.

2024 CDFA Equitable Lending Learning Series: Development Finance Data Collection and Measurement
September 4, 2024 - 1:00 PM - 3:00 PM Eastern
In this installment of the CDFA Equitable Lending Learning Series, presenters will share an overview of the current fintech landscape, followed by a discussion of best practices for collecting financial data and borrower demographics and implementing a successful impact measurement system.

Job & RFP Postings

NJEDA - Team Lead, Cultural Arts & Facilities Program
NJEDA is seeking a Team Lead for the CAFÉ tax credit program. This position is responsible for shaping, overseeing, and marketing the Authority's Cultural Arts & Facilities Program (CAFÉ) tax credit program to support broad-scale arts and cultural venues in the state of New Jersey. The program was established by the Economic Recovery Act of 2020 as amended by S4011.

CDFA - Coordinator, Knowledge & Networks
The Council of Development Finance Agencies seeks a motivated, well-organized, and energetic individual to fill the position of Coordinator, Knowledge & Networks. This position is responsible for assisting with CDFA's research projects, resource collection, information sharing, newsletter publications, headlines review, and educational efforts. This is an exciting opportunity for an enthusiastic person to contribute to a great organization, working to create economic prosperity across the country. This position is located in Columbus, OH.

This Week's Headlines

Major Financing Authority Returns in Arizona to Finance Projects With Bonds
The Center Square | Aug. 8 | Bond Finance | Economic Development | Energy Finance | Infrastructure Finance | Rural Development | Tribal Finance

Taxpayers Claimed $8B in IRA Tax Credits for Clean Energy and Home Improvements
CPA Practice Advisor | Aug. 7 | Energy Finance | Tax Credits | U.S. Dept. of Treasury

City of Birmingham, AL Awarded $20M Federal Grant to Strengthen Workforce
CBS 42 | Aug. 6 | Community Development | Federal | Legislative | U.S. Dept. of Commerce (DOC)

Hamilton County, IN Funding New Police and Fire Training Center
WRTV | Aug. 6 | Community Development | Disaster Recovery & Relief | Tax Increment Finance (TIF)

Painesville Begins Ohio's Largest Solar Project to Replace Coal Plant
Cleveland 19 News | Aug. 6 | Brownfield Financing | Community Development | Economic Development | Energy Finance | Redevelopment

SBA Expands Clean Energy Loan Program
StarTribune | Aug. 6 | Access to Capital | Energy Finance | Federal

Department of the Interior Delivers $105M for Water Projects
U.S. Department of the Interior | Aug. 5 | Federal | Resiliency | U.S. Dept. of Interior - National Park Services (NPS) | Water Finance

Dunkirk, NY Receiving $1.5M For Woolworth Building Redevelopment
WRFA Jamestown | Aug. 5 | Brownfield Financing | Redevelopment

Ohio Solar Developers Use Inflation Reduction Act to Help Overcome 'Bias'
Public News Service | Aug. 5 | Energy Finance | Green Finance | Incentives | Tax Credits

PHCC Closes $180.45M Tax-Exempt Pooled Securities Financing in Texas
Business Wire | Aug. 5 | Bond Finance | Economic Development

Westchester County, NY LDC Approves $35M Bonds for Sarah Lawrence
Westfair Business Journal | Aug. 5 | Bond Finance | Infrastructure Finance

Wisconsin Launches First IRA Home Energy Rebate Program
ACHR NEWS | Aug. 5 | Energy Finance | Incentives | Tax Credits | U.S. Dept. of Energy (DOE)

New Federal Appropriated Funds Strengthen Venture Capital Programs
The News Journal | Aug. 2 | Federal | Innovation Finance | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury | Venture Capital


National Sponsor Spotlight

Alliant Insurance Services, Inc. Alliant Insurance Services, Inc.
Alliant Insurance Services makes the process of finding the right management liability and cyber liability insurance coverage quick and easy. With a history dating back to 1925, Alliant ranks among the largest insurance brokerage firms in the United...
U.S. Bank U.S. Bank
U.S. Bancorp (USB), with $416 billion in assets, is the parent company of U.S. Bank, the fifth largest commercial bank with more than 65,000 employees, and 3,151 offices in the United States.
Wells Fargo Securities Wells Fargo Securities
Wells Fargo Securities offers a comprehensive set of capital markets services, including originating and distributing public debt and equity, hedging interest rates and commodity and equity risks, advising on mergers and acquisitions, and...

Partner Spotlight

The Bond Buyer The Bond Buyer
The Bond Buyer is the only independent information resource serving the municipal finance community. Every day and throughout the day, through its website, e-newsletters and alerts, and daily print edition, The Bond Buyer reaches more than 25,000...

CDFA Bookstore

Cover thumbnail Tax Credit Finance Reference Guide
The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.

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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor