CDFA Coalition Submits $2B Clean Investment Accelerator for DFAs Proposal Under Greenhouse Gas Reduction Fund Competition
CDFA and its coalition partners submitted a $2 billion Clean Investment Accelerator for Development Finance Agencies (DFAs) proposal for the Clean Communities Investment Accelerator competition under the Greenhouse Gas Reduction Fund. Under this program, CDFA and its coalition partners will launch a 6-year accelerator program designed to serve a community lender network of DFAs to build the expertise and financial capacity of DFAs to fund qualified projects that reduce or avoid emissions of greenhouse gas and other pollutants in low-income and disadvantaged communities.
North Texas Transportation Infrastructure Boosted by $286M Bond Issuance
The Texas Private Activity Bond Surface Transportation Corporation is issuing $286 million of private activity bonds (PABs) to refinance the costs related to the designing, constructing, financing, operating, and maintaining portions of the Interstate 35W corridor (I-35 West) within the Dallas-Fort Worth region (DFW) in the State of Texas.
Join CDFA for Our New Intro Federal Finance Course
Register for CDFA's Intro Federal Finance Course taking place on December 13-14 to learn the federal funding resources available to help advance economic development. Our panel of expert speakers will discuss how federal support tools can work in coordination with other development finance tools for programs and projects on the local level.
Des Moines, IA Voters Approve $350M Bond for Airport
Polk County, IA has been authorized to issue up to $350 million in bonds for the Des Moines International Airport's terminal expansion project. The proceeds from the sale of the bonds will help fund the first phase of construction, replacing the existing terminal, which airport officials say is no longer adequate as passenger traffic sets new records.
Phoenix, AZ Voters Approve $500M in GO Bonds
Phoenix, AZ voters approved issuing $500 million in bonds to finance major infrastructure projects. Funding is divided into four categories: $214 million for public safety, streets, and pedestrian infrastructure; $108 million for library, parks, and historic preservation projects; $114 million for education, economic development, arts, and culture projects; and $63 million for low-income housing and senior center projects.
CDFA Presents the Bond Finance Reference Guide
With the help of 18 individual authors and contributors, CDFA successfully released the new Bond Finance Reference Guide. As an enhanced version of two previous publications, Intro and Advanced Bond Guides, these guides have equipped readers with an understanding of bond finance and insight into how this critical tool has supported economic development in the last two decades.
South Carolina JEDA Issues $77M in Bond Funding for Affordable Workforce Housing
Affordable Housing Partners is using a $77 million bond issued through the South Carolina Jobs-Economic Development Authority (JEDA) to finance a new affordable workforce housing community in Columbia, SC. The bond proceeds will finance the acquisition, construction, and equipping of the Silver Station Apartment Homes, a 240-unit apartment community with a clubhouse, pool, playground, and other recreational areas.
Chandler, AZ Approves $195M Bond Sale for Capital Improvements
The Chandler, AZ City Council approved the sale of up to $195 million in bonds - $120 million in general obligation bonds approved by voters and $75 million in excise tax revenue obligations which are paid for with utility revenues. This bond sale will use a portion of the bond authorization to fund capital projects in process and some not yet started for FY 2023-24, which will allow departments to continue the many projects needed to maintain and improve the community.
New York Announces $149M in Bonds for Affordable Housing, $86M in Subsidies
The state of New York announced $236 million has been allocated through bonds and subsidies to create or preserve 732 affordable, supportive, and sustainable homes across New York State. The financing is made possible through New York State Homes and Community Renewal's October 2023 bond issuance, which provided $149 million in tax-exempt housing bonds and $86 million in subsidies.
Bricker Graydon Earns #1 Spot in Ohio Public Finance Rankings
Bricker Graydon is pleased to announce the achievement of being named the #1 ranked firm in Ohio for publicly-offered municipal bonds issued during the first half of 2023. The recognition underscores Bricker Graydon's leadership as public finance counsel and its legacy of excellence in serving clients in Ohio for many decades. With a dedicated team of 24 public finance attorneys and 5 non-attorney professionals, Bricker Graydon is the largest such group in Ohio.
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