CDFA has begun a targeted letter-writing campaign to ensure that MAMBA and Disaster-Area Recovery Bonds are included in the stimulus. We ask that industry stakeholders send letters to the House and Senate members to support CDFA's Modernizing Agricultural and Manufacturing Bonds Act and Disaster-Area Recovery Bonds.

During the April 17, 2020 Weekly COVID-19 Development Finance Briefing, panelists discussed the latest movements in the capital markets. Speakers included Mike Decker with the Bond Dealers of America, Eric Kazatsky with Bloomberg Intelligence, Tom Jacobs of Moody's, and Ken Neighbors from McGuireWoods.

Extension of tax filing deadlines and reduced economic activity brought on by the coronavirus pandemic will pressure states' short-term liquidity, although Fitch Ratings says most, and potentially all, states will absorb the deterioration without materially affecting credit quality.

Development finance has always been at the forefront of recovering from natural disasters and economic challenges. The emergence of the COVID-19 crisis requires a unique and targeted response by the federal government, state and local development finance agencies (DFAs), private banks, and philanthropy. The following set of strategies and recommendations is designed to help DFAs evaluate their portfolios and determine whether modifications are needed for their bonds, tax increment finance, and revolving loan fund programs.

The Federal Reserve launched an unprecedented effort to keep money flowing to companies, households, and cities by buying unlimited amounts of U.S. Treasurys and mortgage-backed securities, an extraordinary backstop for lending markets that goes much further than what the central bank did in the 2008-2009 crisis.

The central bank announced that it was establishing a new Money Market Mutual Fund Liquidity Facility.  Under the program, the Federal Reserve plans to offer loans to banks and other financial institutions that purchase certain assets from the funds as collateral including highly-rated, short-term municipal debt, with a maturity of one year or less.

Thanks to a public-private partnership (P3) between the Public Finance Authority (PFA) and Proton International (PI), cancer patients across the state of Alabama will have access to all the benefits of proton therapy treatment at the just-opened Proton International at UAB, located at the University of Alabama at Birmingham (UAB).

The U.S. government could resort to a wartime and post-disaster measure to raise money for millions of Americans and small businesses that suffer economic harm as a result of the new coronavirus outbreak. The Treasury could issue coronavirus bonds.

CDFA-Bricker PACE Webinar Series: PACE 101 - The Basics of PACE Financing
Wednesday, May 12, 2020 - 11:00 AM - 1:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Historic Preservation Financing
Tuesday, May 19, 2020 - 1:00 PM Eastern

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This report to Congress examines the Board of Governors of the Federal Reserve's establishment of the Municipal Liquidity Facility (MLF) to help facilitate access to credit and liquidity so that state, city, and county governments are better able to manage the period of dislocations related to the COVID-19 pandemic.

This is a term sheet for the Federal Reserve Bank's new Municipal Liquidity Facility.

During this Legislative Briefing, we discussed the latest information about the next stimulus act (Phase 4) from Congress and the urgent actions development finance agencies should take. We examined legislative reactions to the CARES Act, what we expect in Stimulus 4 provisions, legislative actions on tax-exempt bonds and small business access to capital, and more.

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