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.

Opportunity 180, a Nevada nonprofit, and Equitable Facilities Fund, a philanthropy-backed impact fund, are joining with the state of Nevada in what the firms called a "first of its kind public-private partnership" to provide a dedicated facility funding resource for public charter schools looking to open or expand in Nevada.

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.

The Chenango County Planning & Development Department is helping businesses avoid financial burdens by offering a Revolving Loan Fund program with capitalization funds from the U.S. Department of Housing & Urban Development. Businesses that are in need of critical funding or looking to expand could qualify for up to $150,000 in loan funding at 75% of the prime interest rate.

The Lake Francis Case Development Corporation has been granted a $54,000 revolving loan fund grant from the United States Department of Agriculture Rural Development. The funds will be used to help address community needs like housing and child care, as well as business retention, expansion, and development. The Rural Development RLF program will target businesses with fewer than 50 new workers and less than a million dollars in gross revenue.

In the two years since the Bipartisan Infrastructure Law, became law, communities of all sizes have been using these funds to address longstanding environmental problems, invest in infrastructure, and prepare for emergent climate challenges. Below are examples of how communities have taken advantage of these funds to create and expand programs that remediate environmental hazards, reduce waste, and prepare for the intensifying impacts of climate change.

New York announced the approval of $108.8 million in financial assistance for water infrastructure improvement projects across the state. The approval authorizes municipal access to over $88.9 million in low-cost short-term financing and previously announced grants to get shovels in the ground for critical water and sewer infrastructure projects and financings through the Clean Water State Revolving Fund and Drinking Water State Revolving Fund.

The City of Omaha will use $20 million in recently awarded federal grant money to make loans to real estate developers to build affordable housing. Omaha will create a loan pool from which for-profit and nonprofit developers can borrow money at low interest rates.The money is meant for housing that is affordable to people with low to moderate incomes.

CDFA // BNY Mellon Development Finance Webcast Series: The Latest in Cannabis Finance
November 21, 2023 - 2:00 PM - 3:00 PM Eastern

CDFA Food Systems Finance Webinar Series: Restoring Local Food Systems Through Finance
November 28, 2023 - 2:00 PM - 3:30 PM Eastern

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Accelerator for America and the International Economic Development Council present the first segment in a two-part series exploring the needs and opportunities to drive more equitable entrepreneurship and small business growth in communities across the U.S. This first piece addresses equitable capital access, and the second will delve into the other critical elements of the entrepreneurial and small business ecosystem that are necessary to foster inclusive growth.

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