Top officials at HUD will discuss how funds from CDBG, Section 108, and other HUD programs are being used to finance recovery efforts on our webinar this Friday at 1 pm. Register now and you'll receive access to the entire 8-part webinar series, as well as recordings of all past broadcasts.

The Council of Development Finance Agencies is pleased to welcome Darren Harper, Project Manager for the Camden County Joint Development Authority in Georgia, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. A new graduate, Mr. Harper joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

Given the state of the nation's infrastructure and the ability of infrastructure to assist in the economic recovery from the COVID-19 pandemic, many advocates have pushed for infrastructure funding to be included in the COVID-19 spending packages to date. Addressing the country's infrastructure needs has been one of the few issues both Democrats and Republicans could rally behind.

The city of Detroit Downtown Development Authority is also supporting the project with a $2.2 million loan, reduction of the land acquisition price, approval of the local portion of the brownfield tax increment financing with an estimated value of $1.55 million, and anticipated approvals of Commercial Rehabilitation Act and Neighborhood Enterprise Zone tax abatements valued at more than $10 million.

USDA Rural Development has taken several immediate actions to help rural residents, businesses, and communities affected by the COVID-19 outbreak. Rural Development will keep its customers, partners, and stakeholders continuously updated as more actions are taken to better serve rural America.

Several government entities — including the Small Business Administration, the U.S. Securities and Exchange Commission, the Department of Justice and others — have begun review and enforcement actions related to the CARES Act Paycheck Protection Program loans.

Colorado Lending Source, in partnership with ZOMALAB and the Gates Family Foundation, has established the Eastern Colorado Small Business Loan Fund to protect jobs and invest in our communities in the short, medium, and long-term. This fund was created to offer affordable loans to rural Colorado businesses and non-profits in eastern Colorado affected by the COVID-19 crisis.

Today the U.S. Small Business Administration, in consultation with the U.S. Treasury Department, announced that it is setting aside $10 billion of Round 2 funding for the Paycheck Protection Program (PPP) to be lent exclusively by CDFIs. CDFIs work to expand economic opportunity in low-income communities by providing access to financial products and services for residents and businesses.

You can now apply for USDA's Coronavirus Food Assistance Program (CFAP), which provides direct payments to farmers and ranchers to offset impacts from the coronavirus pandemic. Through CFAP, USDA is making available $16 billion for vital financial assistance to producers of agricultural commodities who have suffered a 5% or greater price decline due to COVID-19.

CDFA Federal Financing Webinar Series: Federal Recovery Resources from HUD
Friday, June 5, 2020 - 1:00 - 3:00 PM Eastern

CDFA-Bricker PACE Webinar Series: PACE Program Efficiency - Managing An Effective PACE Program
Tuesday, June 9, 2020 - 11:00 AM - 1:00 PM Eastern

CDFA-ARI Rural Finance Webinar Series: Building the Road to Recovery
Wednesday, June 10, 2020 - 1:00 PM - 2:30 PM Central

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