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Revolving Loan Funds Update
October 11, 2016
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Revolving Loan Fund Finance Update


Canton OH to Consider Revolving-Type Loan for Development
Communication to City Council at Monday's regular meeting listed the loan as a "revolving loan fund of sorts" for development. The city would issue a 10-year bond to be repaid at an interest rate 0.5 basis points above the city's cost.

PA to Review Applications to Controversial RLF Program
State officials have funneled more than $5 billion through the Redevelopment Assistance Capital Program since its inception in 1986. The program is meant to help projects that can't get funding from other state sources.

OH County Seeks to Reallocate Nelsonville Planning Funds
The Athens County Commissioners voted to ask the Ohio Development Services Agency for a waiver to allocate $5,000 in revolving loan fund money to the Coolville project to help deal with a problem that arose in trying to hook a household into the village's sanitary sewer system.

Mt. Vernon IL Plans to Dissolve RLF to Finance Sewer Lift
The city council plans to dissolve the Revolving Loan Fund and use the funds toward replacing the Lift Station 14 sewer force main. Funds were secured from the Federal Community Development Assistance Program.

MN New Grow a Farmer Fund Will Assist Small Farmers
The aim of the farm fund, spearheaded by Slow Money Minnesota, is to provide small-scale sustainable farmers in SMIF's 20-county region low interest loans that will help them improve their operations and increase their bottom lines.

2016-17 Budget Recapitalizes ‘Business in Our Sites' Program
Department of Community and Economic Development Secretary Dennis Davin celebrated the move to recapitalize the Business in Our Sites (BOS) program to support business development efforts.

Healthier CA Fund Loan Provides Financing for New Health Center
Capital Impact Partners announced $1 million in financing for Tri-City Health Center's newest clinic in Fremont, California serving 8,000 patients. This represents Capital Impact Partners' first Healthier California Fund loan.

EPA Announces $10.7M to Clean Up 33 Brownfield Sites
The U.S. Environmental Protection Agency (EPA) has announced approximately $10.7 million in supplemental funding to help transform communities by cleaning up contaminated brownfield properties.

Judge Doyle Square Project Receives City Council Approval
The $170 million project will bring a 250-room hotel for Monona Terrace, retail and commercial space, 354 apartments and more than 1,000 parking spots just south of the state Capitol, according to Wisconsin State Journal.

USDA Invests $5.8M to Support Small Businesses in 11 States
The U.S. Department of Agriculture awarded $5.8 million in grants and loans to support rural economic development projects and create jobs in 11 states including Arizona through its Rural Microentrepreneur Assistance Program (RMAP) and Intermediary Relending Program (IRP).

Upcoming Events
CDFA's 30th National Development Finance Summit

Prime Tanning Brownfield Demolition Starting Soon
GateHouse Media | Sep. 2 | Brownfield Financing | Revolving Loan Funds (RLFs)

Time Running out on Former Steel Mill Building
SaukValley.com | Aug. 31 | Brownfield Financing | Revolving Loan Funds (RLFs)

Ex Hospital in Philipsburg PA Receives Loan From RLF
Centre Daily Times | Aug. 8 | Revolving Loan Funds (RLFs)

City of Marion Hopes Loan Fund Will Promote New Businesses
McDowell News | Jul. 22 | Access to Capital | Revolving Loan Funds (RLFs) | State Finance Program

Waterloo Asks Corps for Levee Help
The Courier | Jul. 22 | Disaster Recovery & Relief | Infrastructure Finance | Revolving Loan Funds (RLFs)

FHLB of Chicago Names Accion Chicago Community First Fund Partner
PR Newswire | Jul. 20 | Access to Capital | Revolving Loan Funds (RLFs)

Cuyahoga County Receives $500K to Clean Up Contaminated Land
Cleveland.com | Jul. 18 | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

EPA Awards $400K to Clean Up Two Brownfield Projects
News Channel 9 (WTVC) | Jul. 13 | Brownfield Financing | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Lawmakers' Last-Minute Push for Infrastructure Funding
Washington Examiner | Jul. 11 | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

$500K USDA Loan Big Boost to Local Borrowing Pool
The Titusville Herald | Jul. 7 | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA) | Revolving Loan Funds (RLFs) Sample Applications | Rural Business Finance

Health Center Requests $2.5M in City Funding
The Herald Bulletin | Jul. 7 | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF)

The Council of Development Finance Agencies (CDFA) 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, visit www.CDFA.net or email info@cdfa.net

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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