The non-profit Communities First will use money awarded from LIHTCs from the Michigan State Housing Development Authority and Federal Historic Preservation tax credits. Roughly $670,973 will come from the city of Flint's Community Development Bloc Grant program, The Flint Journal previously reported.

Grand Rapids-based Charter Capital Partners has raised a $5-million venture capital fund to continue investing in Michigan companies. The firm said it has closed its MAF Opportunity Fund, which the firm designed to invest in companies backed by its predecessor fund, the Michigan Accelerator Fund I.

Factsheet 2 of the Energy Investment Partnerships covers clean energy through bond markets, credit enhancements and capital markets, property assessed clean energy, and market assessment.

Michigan's Republican legislative leaders and Republican governor have settled on a budget framework that cuts funding for a proposed state water infrastructure fund to offset dwindling tax revenue while leaving intact $165 million in proposed aid for Flint.

June 22-24, 1:00 - 5:00pm Eastern
CDFA is excited to offer the Brownfields Project Marketplace as an opportunity for communities to receive free technical assistance related to the redevelopment and financing of brownfield projects. Join us online on June 22-24 to consult with financing professionals and brownfield project experts who can help identify potential resources for your brownfield project.

Emmet County commissioners unanimously approved a TIF funding plan that will give back $1.6 million to the Great Lakes Center for the Arts over 20 years. The arts center will use those funds to help with site and infrastructure costs.

MEDC announced Michigan Strategic Fund approval of a $3.5-million Business Development Program grant to incentivize the project. At the same time, the Detroit EDC approved the sale of 30 acres in the industrial park to Flex-N-Gate.

Join the CDFA Michigan Financing Roundtable for the sixth annual conference on June 22, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Michigan economy going forward.

The conference will take place at the City of Grand Rapids City Hall and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA Michigan Financing Roundtable Conference.

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