Legislation headed to the Texas House would create a RLF to help ports deepen and widen their ship channels .Four current projects in Texas total about $2 billion have been given the go-ahead from Congress but have not been given federal funding. Roughly $800 million of that is non-federal costs.

Ways and Means members met with House Democrats yesterday to discuss tax reform. Chairman Brady hinted that the laws governing municipal bonds will likely remain unchanged, as long as members approve of the BAT (not discussed in The Hill's coverage).

Baltimore's Food Desert Incentive Area property tax credit aims to reduce overhead costs so opening a grocery store in a food desert, which typically have between 1 and 1.5 percent profit margins no matter where they operate, can more likely be profitable.

Minnesota's angel-investor tax program didn't make it into either the state house or senate tax bills last week, putting the incentive in jeopardy of sunsetting at the end of 2017.

The Local Initiatives Support Corporation, or LISC, announced it is issuing $100 million in general obligation bonds to raise capital for its community development work in the first offering of its kind. LISC is a community development financial institutions, certified by the U.S. Treasury.

CDFA is pleased to announce that Senators Brown (D-OH) and Perdue (R-GA) have reintroduced the Modernizing American Manufacturing Bonds Act (MAMBA) in the U.S. Senate. MAMBA, and its companion bill in the House (H.R. 1115), represents a comprehensive reform package that will modernize and revolutionize Qualified Small Issue Manufacturing Bonds, commonly known as Industrial Development Bonds (IDBs).

CDFA strongly disagrees with the President's budget recommendations - which would gut essential, longstanding economic development programs - and urges Congressional leaders to reject any budget proposal that weakens federal support for economic development.

Most municipal market groups are urging the Municipal Securities Rulemaking Board to abandon what they say is a dangerous proposal to require dealers to obtain CUSIP numbers for private placements.

Rep. David Young, R-Iowa, has introduced a bipartisan bill that would ease tax-exempt private activity bond restrictions for first-time farmers. HR 1750, the Faciliating Farmers' Access to Resources and Machinery Act, is strongly supported by CDFA and our partner, the National Council of State Agricultural Finance Programs.

Join us, as our expert speakers provide an inside look into how New Markets Tax Credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, CDFA has partnered with Heritage Ohio to explore the wealth of financing tools available to redevelop historic theaters, including 501(c)(3) bonds, TIF, tax credits, and other creative programs. Join us for this special discussion as we highlight success stories from historic theaters across the U.S.

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