Development Finance Review Weekly - February 15, 2018
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Feature |
Broader PAB Uses in WH Infrastructure Plan
The White House proposal seeks to provide $200 billion in federal funds to spur $1.5 trillion in infrastructure investments with state, local and private partners over the next 10 years. CDFA's Tim Fisher is quoted in the piece.
$19.2M WHEFA Bond Financing Supports Dodgeville, WI Hospital
Bond financing facilitated by WHEFA will be used to help Upland Hills Health, Inc. finance costs associated with the acquisition, construction and equipping of an addition and renovations to the 25-bed critical access hospital.
$3.5B in NMTC Awarded Nationwide
The CDFI Fund has awarded 73 Community Development Entities $3.5 billion in New Markets Tax Credits. The tax credit allocation awards, made through the calendar year 2017 round of the NMTC Program, will help stimulate investment and economic growth in low-income urban and rural neighborhoods.
Developer Gets $12M TC for Cleanup in Schenectady, NY
The developer of what is now the Rivers Casino and Resort site received nearly $12 million in state tax credits for environmental cleanup of the property, the second largest brownfield credit awarded in the Capital Region in a decade. The company says it spent $47M total on the brownfield project.
Hultgren Welcomes Expansion of PABs in Infrastructure Proposal
Rep. Randy Hultgren (IL-14) welcomed the inclusion of an expansion of PABs in the President's infrastructure proposal. Rep. Hultgren has sponsored CDFA legislation, the Modernizing American Manufacturing Bonds Act (MAMBA) of 2017, H.R. 1115, to expand the use of the key financing tools for manufacturers.
What the Budget Deal Means for American Agriculture
This article from the National Sustainable Agriculture Coalition lays out what the new federal budget deal means for American agriculture.
Energy Tax Credits in Final Budget Deal
Tax credits for nuclear power, carbon sequestration and small natural gas and renewable energy technologies were included in a Congressional budget deal that passed in the early hours of Friday morning and was later signed by President Trump.
NY Launches New $10M Loan Program to Help Agribusinesses Grow
Governor Andrew M. Cuomo recently announced that the New York Job Development Authority will launch an Agriculture Loan Fund Program to address and help alleviate the economic barriers faced by many New York State small agribusiness owners.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
Negotiations, Concessions Clear Path for Kansas City Airport P3
The Kansas City, Mo., City Council cleared the path for the city to take the next steps in a public-private partnership with Edgemoor Infrastructure & Real Estate LLC on a $1 billion terminal overhaul at Kansas City International Airport.
Banks Drive Vermont's Oversubscribed Affordable Housing Bonds
The Vermont Housing Finance Agency's $37 million negotiated bond deal priced Jan. 12 generated $2 million more in proceeds that projected aided by support from banks. The 20-year bonds are backed with revenue from the Vermont Property Transfer Tax.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
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Upcoming Webcasts |
CDFA Federal Financing Webinar Series
February 28, April 12, June 14, August 16, and October 18, 2018 - 2:00PM Eastern
The CDFA Federal Financing Webinar Series is an exclusive, five-part online offering that will convene finance experts, federal agencies, and local practitioners to discuss the development finance programs offered by the federal government.
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This Week's Headlines |
KPM Financial Weekly Market Report
KPM Financial | Feb. 14 | Bond Finance
Council Approves Millions in Sewer Bonds
News-Press Now | Feb. 13 | Bond Finance | Infrastructure Finance | Water Finance
Municipal Market Update
Stern Brothers | Feb. 13 | Bond Finance
Wayne State University General Revenue Bonds – $120 Million
MuniNet Guide | Feb. 12 | Bond Finance | Water Finance
NM Angel Tax Credit Bill Revision Passes the House
Las Cruces Sun-News | Feb. 12 | Access to Capital | Tax Credits
KS Commerce Accepting Applications for Kansas Angels Business Investment Program
The Ottawa Herald | Feb. 12 | Access to Capital | Tax Credits
States Must Act Now on Opportunity Zone Tax Incentives
Ballard Spahr LLP | Feb. 12 | Access to Capital | Brownfield Financing | Investing in Opportunity Act (IIOA) | Legislative
RLFs a Key Part in the Preservation Efforts of Rome, GA
Rome News-Tribune | Feb. 12 | Historic Preservation | Revolving Loan Funds (RLFs)
Munster Creates Redevelopment Authority to Administer Financing
The Times of Northwest Indiana | Feb. 11 | Bond Finance | Infrastructure Finance
New Planes in Pipeline
The Witchita Eagle | Feb. 9 | Bond Finance
A Landmark Bill that could Create Technologies to Fight Climate Change
Quartz | Feb. 9 | Green Finance | Tax Credits
Bond Sale To Provide Up To 650 Affordable Homes In Vermont
WAMC Northeast Public Radio | Feb. 9 | Bond Finance | Community Development
Council Set to Approve Kawasaki Bond Deal
Maryville Daily Forum | Feb. 9 | Bond Finance
MassHousing Provides $14.3M Financing for a Non-Profit Developer
Boston Real Estate Times | Feb. 9 | Access to Capital | Tax Credits
County's First Utility-Scale Solar Battery Project Pact Forged
The Maui News | Feb. 9 | Energy Finance | Tax Credits
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National Sponsor Spotlight |
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CohnReznick
With origins dating back to 1919, CohnReznick is the 11th largest accounting, tax and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's...
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FBT Project Finance Advisors LLC
FBT Project Finance Advisors LLC, a consulting affiliate of the law firm of Frost Brown Todd, acts as an independent registered municipal advisor and assists government entities and borrowers in creating the best financing solutions for projects in...
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Frost Brown Todd, LLC
Across their eight-state footprint, Frost Brown Todd, LLC offers a deep, talented roster of legal professionals. Committed to their clients, the firm leverages technical and legal knowledge and experience to serve a diverse client base, from global...
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Partner Spotlight |
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PORTFOL by Philadelphia Industrial Development Corporation
The Philadelphia Industrial Development Corporation (PIDC) is Philadelphia's city-wide economic development corporation. Founded in 1958 as a non-profit, joint venture between the City of Philadelphia and the Greater Philadelphia Chamber of...
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CDFA Bookstore |
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DFCP Study Pack
The DFCP Complete Book Package contains all of the reference guides to study for the DFCP final exam at a 10% discount.
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New Members |
ATC Group Services - Cincinati, OH
Skamania County Economic Development Council - Stevenson, WA
Lac qui Parle County Economic Development Authority - Madison, MN
Heron Foundation - New York City, NY
K2 Clean Energy Capital - Campbell, CA
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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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