Legislative and Federal Affairs Update - February 6, 2018
|
|
Spotlight |
CDFA to Host Webinar on Investing in Opportunity Act (IIOA)
The recently enacted Investing in Opportunity Act aims to revitalize distressed regions by incentivizing groups - through the temporary deferral of a tax on capital gains - to invest in those areas. CDFA will host the "Understanding the Investing in Opportunity Act" Webinar on February 15, at 1:00 PM Eastern.
|
Legislative Features |
AGC-Backed Water Infrastructure Bill Introduced in House and Senate
The SRF WIN Act would authorize $200M for five years to increase Drinking Water and Clean Water State Revolving Funds (SRFs). It also allows State Infrastructure Authorities to utilize financing available through WIFIA—and the SRF—to increase funding for multiple local water infrastructure projects at once.
Farm Bill Legislative Principles for 2018 Includes Empowering P3's
U.S. Secretary of Agriculture Sonny Perdue includes empowering public-private partnerships to leverage federal dollars in the recently announced U.S. Department of Agriculture's Farm Bill and Legislative Principles for 2018.
Muni Groups Applaud WH Infrastructure Plan
Muni market participants are pleased that the latest purported version of the Trump administration's infrastructure plan would expand and ease restrictions on private activity bonds so that they could play a major role in helping to finance infrastructure projects.
US CoC Urging Congress to Expand PABs
The U.S. Chamber of Commerce is urging Congress to develop an infrastructure plan that includes a 25 cents per gallon increase in the gas tax and an expansion of the use of private activity bonds through public-private partnerships.
Sens. Cornyn, Warner Introduce PAB P3 Bill
Sens. Cornyn (R-TX) and Warner (D-VA) have introduced the BUILD Act, a bill that would allow more private activity bonds to be used in connection with public-private partnership arrangements for certain infrastructure projects.
Whiplashed Planners Fear GOP Swerve on Infrastructure
After private activity bonds were nearly eliminated in 2017, Congressional Republicans and industry groups turn their attention toward PABs once again as the infrastructure debate heats up.
$75B Senate Bridge Bill Gains Industry Support
The Bridge Investment Act, introduced by Sens. Sherrod Brown (D-OH), Ron Wyden (D-OR) and Sheldon Whitehouse (D-RI), would create a competitive grant program that invests $75 billion over 10 years in bridge repair projects.
Hatch Retirement Could Help Muni Market
With the retirement of Senate Finance Chair Orrin Hatch (R-UT) coming in 2019, the outlook for the tax treatment of the municipal bond market may be much brighter.
|
Upcoming Events |
CDFA Federal Financing Webinar Series
February 28, April 12, June 14, August 16, and October 18, 2018 - 2:00PM Eastern
The CDFA Federal Financing Webinar Series is an exclusive, five-part online offering that will convene finance experts, federal agencies, and local practitioners to discuss the development finance programs offered by the federal government.
|
Federal Features |
Policy Focus: Opportunity Zones Program
This report, produced by Enterprise Community Partners, provides an early overview of the Investing in Opportunity Act as well as what lies ahead for the program.
Tucked Into the Tax Bill, a Plan to Help Distressed America
A little-noticed section in the TCJA is drawing attention from venture capitalists, state government officials and mayors across America. The Investing in Opportunity Act will use tax incentives to draw long-term investment to areas that continue to struggle with high poverty and sluggish job and business growth.
CDFI Fund Targeting February NMTC Allocation Announcement
The Community Development Financial Institutions (CDFI) Fund will likely announce the $3.5 billion 2017 round of new markets tax credit allocations in February, according to Christopher Allison, CDFI Fund associate program manager. The CDFI Fund's last NMTC allocation was the 2015-2016 combined $7 billion allocation round, announced Nov. 17, 2016.
Understanding the Impacts of TCJA on TCs
Jed Roher of Godfrey & Kahn provides a thorough overview of how the Tax Cuts and Jobs Act will impact Historic Tax Credits, New Markets Tax Credits, Low-Income Housing Tax Credits, and Renewable Energy Tax Credits.
State PAB Volume Caps Boosted 5.2%
States can issue up to $37.55 billion in new tax-exempt private activity bonds in 2018, 5.2% more than last year, after these bonds barely escaped termination in the recently enacted tax overhaul legislation.
The Most Effective Federal Grants for Mid-Sized Cities
The NLC examined six mid-sized U.S. cities to determine how they are using their CDBG and HOME dollars. NLC has concluded that those mid-sized cities have indeed used their funds on affordable housing and other community development projects.
Community Development Tax Credits: Damaged, but not Devastated
Enactment of the TCJA brought the yearlong drama concerning tax reform to a conclusion, leaving community development advocates rejoicing in the survival of LIHTC, PABs, NMTC, HTC, and ITC/PTC, but also wounded as they assessed the damage done to these tools.
|
Federal Financing Clearinghouse Spotlight |
CDFA's Federal Financing Clearinghouse is the only online resource cataloging the development finance programs offered by the federal government. Check out our featured agencies and programs below. >>> Learn More
|
U.S. Dept. of Treasury
Small Business Lending Fund
Enacted into law as part of the Small Business Jobs Act of 2010, the U.S. Treasury's Small Business Lending Fund (SBLF) is a fund that encourages lending to small businesses by providing Tier 1...
|
|
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net
|
Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
|
|
|
Archives
Displaying 1 - 30 of 92
March 5, 2024 |
February 6, 2024 |
January 2, 2024 |
December 5, 2023 |
November 7, 2023 |
October 3, 2023 |
September 5, 2023 |
August 1, 2023 |
July 4, 2023 |
June 6, 2023 |
May 2, 2023 |
April 4, 2023 |
March 7, 2023 |
February 7, 2023 |
January 3, 2023 |
December 6, 2022 |
November 1, 2022 |
October 4, 2022 |
September 6, 2022 |
August 2, 2022 |
July 5, 2022 |
June 7, 2022 |
May 3, 2022 |
April 5, 2022 |
March 1, 2022 |
February 1, 2022 |
January 4, 2022 |
December 7, 2021 |
November 2, 2021 |
October 5, 2021 |
|