CDFA California Financing Roundtable Newsletter - January 2016
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| Feature |
CaliforniaFIRST Launches PACE Program in Sacramento
According to Sys-Con Media, CaliforniaFIRST has launched another new PACE financing program in the state, this time targeting homeowners in Sacramento.
Long Beach Using P3 For New City Hall, Library
Long Beach, California is pioneering a public-private financing method rarely used in the United States outside transportation in a $533 million project to build a new city hall, port headquarters, library and park.
CalPFA Closes Health Facility Financing
The California Public Finance Authority (CalPFA) is pleased to announce its issuance tax-exempt bonds on behalf of Verity Health System of California. CalPFA partnered with BlueMountain Capital Management to provide $160,000,000 of tax-exempt working capital to help maintain access to critical medical services.
Solar City Leads Industry Higher in CA
Bloomberg Business reports, Congress agreed to five-year extensions for the production tax credit that supports wind power and the investment tax credit for solar projects. Solar Companies got an additional boost from California, where regulators upheld policies that promote the use of rooftop panels.
Developers in Rancho Cordova Get Extension for Financing
Sacramento Business Journal reports developers of an entertainment center in Rancho Cordova have a few more months to get financing for the project. The city entered into a public-private partnership to make the project happen, committing about $1 million in infrastructure improvements.
Affordable Housing and TOD Project Opens in Vista, CA
As reported by Housing Finance, Community Housing Works announced the opening of their transit-oriented development project that features 68 affordable homes. The $20.5 million project was financed largely with low-income housing tax credits with help from $370,000 of CDBG funds from the City of Carlsbad.
Five Things to Know About Sacramento's Downtown Developer Toolkit
Sacramento city officials unveiled the downtown developer toolkit last week, which outlines policies, processes, incentives and resources available to facilitate development in the downtown area of Sacramento, according to Sacramento Business Journal.
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Upcoming Events |
Fundamentals of Economic Development Finance WebCourse
January 27-28, 2016 - Daily: 12-5pm (EST)
The Fundamentals Course is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.
CALED's 2016 Annual Training Conference
April 26-28, 2016 - South San Francisco, CA
Join CALED in celebrating the support of economic development in California for 36 years. This year, we will host the conference in the City of South San Francisco, CA. CALED has a room block at the Embassy Suites in South San Francisco.
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California News |
2015 CDFA California Roundtable
CDFA | Feb. 20, 2015 |
CA Court Invalidates Ban on Performance-Based Fees in Tax Credit Program
Accounting Today | Jan. 14 | Legislative | State Finance Program | Tax Credits
L.A. Receives Federal Funding to Prevent Flooding
The Bond Buyer | Jan. 12 | Federal | Infrastructure Finance | State Finance Program
State Tax Credits News Briefs
Novogradac | Jan. 12 | State Finance Program | Tax Credits
LAEDC Releases 2016-2020 L.A. County Strategic Plan for Economic Development
LAEDC | Jan. 12 | Community Development | Economic Development | Legislative | Local Finance Program
City of Bakersfield Eyes TIF as Redevelopment Successor
The Bakersfield Californian | Jan. 11 | Tax Increment Finance (TIF)
News Briefs: Low-Income Housing Tax Credits
Novogradac | Jan. 7 | Tax Credits
Bipartisan CA Lawmakers Unveil $2B Housing Plan
Contra Costa Times | Jan. 5 | Economic Development | State Finance Program
EPA Announces $22M Settlement In South Gate Cleanup
Long Beach Press Telegram | Jan. 4 | Brownfield Financing | Federal | U.S. Dept. of Justice (DOJ) | U.S. Environmental Protection Agency (EPA)
CA Generates New Businesses, Jobs Despite Criticism
Los Angeles Times | Jan. 4 | Economic Development
CA Small Businesses can Apply for Economic Disaster Loans
Turlock Journal | Jan. 4 | Disaster Recovery & Relief | Federal | Local Finance Program | U.S. Small Business Administration (SBA)
Proposed CA Ballot Would Tax Expensive Homes to Fund Public Assistance Programs
Sacramento Business Journal | Jan. 4 | Economic Development | Legislative | Local Finance Program | State Finance Program
New Legislation in CA Slated for 2016 to Have Wide Impacts
LA Biz | Dec. 30, 2015 | Legislative
Omnibus Bill Includes $1.2B to CA Ports, Metro
LA Biz | Dec. 30, 2015 | Economic Development | Federal | Infrastructure Finance | Legislative
College of Marin Debates Floating New Bond in 2016
The Bond Buyer | Dec. 29, 2015 | Bond Finance | Local Finance Program
Calabasas Solar Firm Expands Residential Solar Program with PACE
Sacramento Business Journal | Dec. 29, 2015 | Energy Finance
Bakersfield Eyes TIF as Redevelopment Successor
The Bakersfield Californian | Dec. 29, 2015 | Economic Development | Local Finance Program | Redevelopment | Tax Increment Finance (TIF)
CA Treasurer Plans to Increase Green Bond Sales
The Bond Buyer | Dec. 29, 2015 | Bond Finance | Green Finance | Legislative
CA Farmer's Initiative Requires Votes on Big Bond Issues
The Sacramento Bee | Dec. 29, 2015 | Bond Finance | Legislative | State Finance Program
EB-5 Tea Zones: City of Perris, the Perfect Location
EIN Presswire | Dec. 29, 2015 | EB-5 Visa
Sinking Land Damage Costing Billions in Infrastructure Repairs
NBC Bay Area | Dec. 28, 2015 | Green Finance | Infrastructure Finance
CA Congresswoman Proposes National Clean Energy Bonds
PV-Tech | Dec. 28, 2015 | Bond Finance | Energy Finance | Green Finance | Legislative
CA Insurers Earn $9.3M in Tax Credits
California Healthline | Dec. 28, 2015 | Tax Credits
Tax and Other Incentives Help Job-Creation in Pacific States
Area Development | Dec. 23, 2015 | Economic Development | Tax Credits
CaliforniaFIRST Clean Energy Financing Program Launches
Sys-Con Media | Dec. 17, 2015 | Energy Finance | Green Finance
California Resources Clinches $2.8B Bond Swap Pact
Bloomberg Business | Dec. 16, 2015 | Bond Finance
2015 CDFA California Webcast: Creative Economic Development Financing
CDFA | Feb. 20, 2015 |
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Sponsors |
Roundtable Partner
For information about sponsoring the CDFA California Financing Roundtable, complete our sponsorship agreement or contact CDFA.
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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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.
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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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