CDFA Michigan Financing Roundtable Newsletter - January 2014

CDFA Michigan Financing Roundtable Newsletter - January 2014
January 29, 2014



Feature
[Survey] What Do You Want to Learn at the Conference This Year? Take this brief, 5-question survey to tell us what topics you would like to see discussed during this year's Roundtable Conference. Michigan Municipal Market Update This monthly release from Hilliard Lyons provides a snapshot of municipal issuance from 2012-2013 and looks ahead to predict volume and rate trends for 2014. Fitch: Snyder's $350M Pledge for Detroit "Troubling" for Bondholders Fitch Ratings agency on Monday said Snyder's proposal to contribute $350 million in state aid toward Detroit's unfunded pension liability "could establish a troubling precedent" as it places pensioners ahead of bondholders. Washtenaw County OKs Notice of Intent for PACE Program The Washtenaw County board of commissioners has taken another step towards creating a countywide Property Assessed Clean Energy (PACE) program to help owners of commercial (not residential) properties pay for energy improvements by securing financing from commercial lenders and repaying the loan through voluntary special assessments. State PAB Volume Caps Jump for 2014 The Bond Buyer reports that states will be allowed to issue 5.2% more of private activity bonds in 2014, freeing money for projects that would otherwise be ineligible for tax-exempt financing. Included are graphics demonstrating the volume cap changes from 2013 to 2014 by state.
CDFA Spotlight
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Michigan News
Tech Talkin Governors: Part III SSTI \| Jan. 27 \| Economic Development \| Innovation Finance \| State Finance Program US Venture Capital Dollars and Deals by State: 2008-2013 SSTI \| Jan. 24 \| Access to Capital \| Innovation Finance Portland DDA Urges Changes to Development, Financing Plan Ionia Sentinel-Standard \| Jan. 23 \| Economic Development \| Local Finance Program \| Tax Increment Finance (TIF) Feds Ramp Up Blight Removal in Detroit Detroit News \| Jan. 23 \| Community Development \| Redevelopment \| U.S. Dept. of Housing & Urban Affairs (HUD) Snyder: Sponsorship Would Help Foreign Businesses Locate in MI Detroit Free Press \| Jan. 20 \| EB-5 Visa \| Economic Development \| State Finance Program MI Gov. Rick Snyder's 2014 State of the State Speech Governing \| Jan. 17 \| Economic Development \| Legislative \| State Finance Program Michigan Tribe Taps CDFA to Finance Community Farming Digital Journal \| Jan. 16 \| Access to Capital \| Food Systems Finance \| Rural Development \| U.S. Dept. of Treasury CDFI Fund 21st Century Jobs Fund Finds Itself in Good Hands Michigan State University \| Jan. 16 \| Access to Capital \| Economic Development \| Innovation Finance \| State Finance Program 5 PACE Programs to Watch in 2014 Greentech Efficiency \| Jan. 15 \| Bond Finance \| Energy Finance \| Green Finance PSAs Help Homeowners Avoid Energy Drama Yahoo Finance \| Jan. 15 \| Energy Finance \| Green Finance \| Member News Which States Will Generate Jobs in 2014? The PEW Charitable Trusts \| Jan. 14 \| Economic Development \| State Finance Program Michigan Lawmakers Call for State Income Tax Cut SF Gate \| Jan. 7 \| Legislative States Charge Ahead with Their Own Crowdfunding Laws Reuters \| Jan. 3 \| Access to Capital \| Innovation Finance \| State Finance Program \| U.S. Securities and Exchange Commission (SEC) \| Federal >>> SEARCH HEADLINES
New Additions to the Online Resource Database
The New Real Estate Mantra: Locate Near Transit Economic Development The Center for Neighborhood Technology put out this report on the growing effort among planners, real estate professionals, and economists to identify not only the economic benefits of alternative transportation modes in and of themselves, but also the impact that they have on housing prices and value retention. The real estate mantra of "location, location, location" is more important than ever. State Startup and Capital Programs Access to Capital \| Innovation Finance \| Local Finance Program \| State Finance Program Skip Simms with Ann Arbor SPARK describes the benefits to the economy that entrepreneurs provide and lays out details of a number of state loan programs for business acceleration, including the Emerging Technologies Fund and matching funds for DOE, DOD and qualified venture funds. Strategies for Revitalization and Redevelopment Redevelopment \| State Finance Program \| Tax Increment Finance (TIF) \| Tax Abatements The City of Grand Rapids Economic Development Office has extensive experience with redevelopment, and Kara Wood shares some great insights to what has made their projects successful. Several case studies are presented. Public-Private Partnerships: Practical Applications Infrastructure Finance David Lick with Foster Swift presents some case studies on ways to successfully use and craft a public-private partnership with the necessary parties, contract terms and balancing assets. >>> SEARCH ONLINE RESOURCE DATABASE
Sponsors
For information about sponsoring the CDFA Michigan Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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.