CDFA Launches the Greenhouse Gas Reduction Fund Resource Hub
CDFA is proud to announce the launch of our Greenhouse Gas Reduction Fund Resource Hub! The CDFA Greenhouse Gas Reduction Fund Resource Hub includes resources on the GGRF's programs and award recipients, the latest GGRF news, research, updated program guidance and compliance standards, and information on each jurisdiction's Solar for All program. This new resource will help you better understand the GGRF and stay up-to-date as awardees implement their proposals and invest in clean projects. Visit the Hub today!
Biden-Harris Administration, NOAA Propose $575M to Increase Coastal Climate Resilience
Secretary of Commerce Gina Raimondo announced that the Department of Commerce (DOC) and NOAA are recommending $575 million in funding across 19 projects to boost climate resilience in the nation's coastal and Great Lakes states and territories. As part of the Biden-Harris Administration's Investing in America agenda, NOAA's Climate Resilience Regional Challenge is a competitive grant program, and awards are made under NOAA's Climate-Ready Coasts and Communities Initiative and are funded by the Inflation Reduction Act, the largest climate investment in history.
We Want to Hear from You! Help Identify Financing Tools for Missing Middle Housing
This year's class of CDFA Franzini Fellows is researching the various financing tools available for missing middle housing, affordable housing, and in particular, pocket neighborhoods. The Fellows are interested in learning about housing financing tools, as well as barriers and solutions to access to capital. By taking just a few minutes to complete this survey, you will lend your experience and industry knowledge to aid in the creation of systems and action plans that can be used for both developers and new homeowners. Thank you for your participation!
HUD Supports Owners Interested in New Resource to Fund 50% of Solar Project Costs
The U.S. Department of Housing and Urban Development's (HUD) Office of Multifamily Housing Programs has launched a new video, as part of its series of recordings to help owners of HUD-assisted multifamily housing properties as well as other stakeholders better understand a new tax credit program that can help fund 50% of solar project costs at Federally-assisted residential properties. This recording, co-hosted by HUD's Office of Public and Indian Housing, provides an overview of the basic requirements of the program and describes why multifamily owners, PHAs, tribes, and communities should look into this unique and new opportunity.
North Carolina Senate Passes Funding Program to Lower Costs of Home Upgrades
The North Carolina General Assembly recently passed an exciting new program that will make it easier and more affordable than ever for businesses to invest in clean energy upgrades. Senate Bill 802 authorizes the launch of Commercial Property Assessed Clean Energy (C-PACE) financing in the state. Through C-PACE, companies can borrow money to install things like rooftop solar panels, energy-efficient HVAC systems, and LED lighting — then pay back the loan over time via a small bump in their property taxes.
Dwight Capital Launches Dwight Green Finance, C-PACE Lending Platform
Dwight Capital has expanded its services unveiling Dwight Green Finance, a lending platform led by Lisa Nordel, aimed at financing a range of property improvements through C-PACE (Commercial Property Assessed Clean Energy). This strategic initiative complements Dwight's existing suite of financial solutions, including bridge loans, mezzanine, and HUD lending platforms, providing commercial property owners with additional capital options.
Treasury, IRS Issue Updated Guidance on Required Minimum Distributions from IRAs
The Department of the Treasury and the Internal Revenue Service issued final regulations updating the required minimum distribution (RMD) rules. The final regulations reflect changes made by the SECURE Act and the SECURE 2.0 Act impacting retirement plan participants, IRA owners, and their beneficiaries. At the same time, Treasury and IRS issued proposed regulations, addressing additional RMD issues under the SECURE 2.0 Act.
New PEDA Loan Program to Help Bolster Pennsylvania Energy Infrastructure
The Pennsylvania Energy Development Authority (PEDA) launched a new financing program designed to help local governments identify and develop energy efficiency and energy system upgrades for municipally-owned buildings. The Municipal Opportunities for Retrofits and Energy Efficiency (MORE) Program offers both grants and loans to eligible municipalities and municipal authorities.
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