Development Finance Review Weekly - January 23, 2020
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Feature |
Darnell Moses Joins CDFA as Vice President of Development Finance
As Vice President of Development Finance with CDFA, Mr. Moses works within all facets of CDFA. His extensive experience and expertise enhance CDFA's research and technical assistance work, efforts to advocate for the development finance community, and plays a key role in further developing the myriad of knowledge and networking opportunities CDFA has become known for providing.
Municipal Securities Regulation Enforcement: Year in Review 2019 and Look Ahead 2020
The second half of 2019 saw U.S. Securities and Exchange Commission (SEC) enforcement activity focused on municipal adviser registration and investor protections in addition to continued review of Municipal Securities Rulemaking Board (MSRB) rules and guidance.
Apply Today: Ignite Your Career as a Part of a Fellowship Recognizing Outstanding Women in the Development Finance Industry
The Caren S. Franzini Fellowship was established in 2017 by the CDFA Board of Directors to recognize the exemplary leadership of Caren Franzini, a past President of CDFA and former CEO of the New Jersey Economic Development Authority (NJEDA). During her career, Caren was dedicated to the advancement of development finance best practices, education, and advocacy. The application submission period for the second class of Franzini Fellows is open from January 1st - February 14th.
Three Unique Detroit, MI Brownfield Projects Are Moving Forward
Three unique Detroit residential and commercial development, including a new "food hub" in Eastern Market, received key approvals for millions in incentives and public subsidies from the Michigan Strategic Fund.
Learn Application Strategies for USDA's ReConnect Program from the Experts
During the first round of USDA's ReConnect Loan and Grant Program, a total of $317 million was invested in high-speed broadband. ReConnect was so successful that USDA has announced a second round with $550 million available in 2020. Join CDFA and experts from across the country as we discuss creative solutions for responding to ReConnect's funding notice, and learn from the successes of the program thus far.
Urban Land Institute's Public/Private Partnerships Council Discusses 2020 Outlook
Members of ULI's Public/Private Partnership Councils discuss factors influencing the opportunities for collaboration between the public and private sectors on development, best practices, ways of using partnerships to catalyze economic development and engage the public, and other trends.
CA Vote on 2nd Virgin Trains Bond Allocation to Postponed to February
The meeting was held to decide whether to award Virgin Trains USA its second allocation of $300 million in private activity, tax-exempt bonds to subsidize the rail project. Although the committee ultimately postponed its decision on issuing the second allocation until next month, Virgin Trains presented an analysis that predicted the project would be an economic shot in the arm.
MN Governor Unveils Nearly $2.6B Bonding Proposal
Gov. Walz would use $2.028 billion in general-obligation bonds (GO) along with $571 million in financing, including money from the general fund cash, to bring the Local Jobs and Projects Plan to $2.599 billion. These funds would go toward investing in projects improving public safety, housing, water quality, higher education, and other needs through the state.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
New Capital Program May Push New York MTA Debt to $50B
New York's Metropolitan Transportation Authority's debt could push $50 billion by the end of its coming five-year capital program, its chief financial officer said. Net debt, now $42.9 billion for the MTA's core credits, could rise by up to $7 billion, Robert Foran told members of the MTA board's finance committee on Tuesday.
OH Paper Mill Redevelopment Features PACE Bonds
A former paper mill in Hamilton, Ohio is getting a new life with a 235-room hotel, convention center and indoor sports complex redevelopment project, a public-private partnership that will bring $175 million in investment to Butler County. To help fund the project, the Hamilton Community Authority is selling $19.4 million of tax-increment financing revenue bonds, $16 million of taxable community charge bonds, and $50.2 million of taxable property assessed clean energy bonds.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
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Upcoming Webcasts |
Food & Social Equity: Detroit's Approach to Financing the Food System
Monday, February 10, 2020 - 2:00 PM Eastern
During this webinar, supported by the W.K. Kellogg Foundation, we will hear from speakers working in Detroit, Michigan to correct social inequity through the support and financing of food-related businesses and projects.
CDFA-TEDC Webinar: The Who, What, When, Where and Why of Affordable Housing in Texas
February 12, 2020 - 10:00 AM -11:30 AM Central
This webinar will explore some of the tools that can be utilized to support a myriad of housing challenges and opportunities as well as how development finance agencies can become key partners in housing development in their community.
Strategies for Successful Funding through USDA's ReConnect Program
February 12, 2020 - 2:00 PM Eastern
Join CDFA and experts from across the country as we discuss creative solutions for responding to ReConnect's funding notice, and learn from the successes of the program thus far.
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Job & RFP Postings |
Commercial Real Estate Investment Manager - Michigan Economic Development Corporation (MEDC)
The Commercial Real Estate Investment Manager is responsible for highly technical negotiating, structuring and closing of complex commercial and other special community development driven investment projects, generally featuring between $1 million and $10 million in program capital at risk. This position will manage the Community Revitalization Program (CRP) project portfolio from concept to close while seeking to stimulate economic development; ensure the Michigan Economic Development Corporation (MEDC) and State of Michigan investments are protected and structure deals so that the state realizes the best possible rate of return.
City of Beaverton, OR Seeking Assistant Community Development Director
The Assistant Community Development Director is a new position for the department and will function with a high degree of independence. It is a senior management-level position providing administrative direction and leadership to the Community Development Department. Under guidance of the Community Development Director, the Assistant Community Development Director will be charged with direct oversight of the department's administrative and organizational management activities as well as strategic programs and special projects.
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This Week's Headlines |
New Municipal Courthouse to Replace Downtown Park in Columbus, OH
The Columbus Dispatch | Jan. 23 | Access to Capital | Bond Finance
Greenbacker Fund Commissions 3.1-MW Solar Farm in MD
Renewables Now | Jan. 23 | Energy Finance | Property Assessed Clean Energy (PACE)
VT Bond Bank to Issue $22M in College System Bonds
MuniNet Guide | Jan. 23 | Bond Finance | Social Finance
West Linn, OR Considers TIF for Waterfront Renewal
West Linn Tidings | Jan. 22 | Tax Increment Finance (TIF) | Water Finance
Tribal Council in NC Approves $4M Loan
Smoky Mountain News | Jan. 22 | Access to Capital | Community Development | Economic Development | Tribal Finance
MI Approves $2.27M in Financing for Detroit's Eastern Market Food Hub
Crain's Detroit Business | Jan. 22 | Brownfield Financing | Energy Finance | Food Systems Finance | Incentives
Mixed-Use Project in Detroit, MI Nets $4.9M in State Funding
Crain's Detroit Business | Jan. 22 | Brownfield Financing
Food Co-Ops Catalyzing Local Farm and Ranch Loans
The Union | Jan. 21 | Access to Capital | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | Rural Development
Learn How Phase One of the Beulah Park Project is Spurring Growth in Grove City, OH
Columbus Franklin County Finance Authority | Jan. 21 | Bond Finance | Member News
Local, Regional Food Systems Offer Economic Benefits for Farmers, Communities
Salina Post | Jan. 21 | Agriculture Finance | Economic Development | Food Systems Finance
A $300M Project in Indianapolis, IN Secures Additional Funding
Inside Indiana Business | Jan. 20 | Access to Capital | Economic Development | Food Systems Finance | Redevelopment
TIF Will Repay Nationwide for Arena in Columbus, OH
Columbus Dispatch | Jan. 17 | Tax Increment Finance (TIF)
MD Bills Would Change State Regulations for Opportunity Zones
Novogradac | Jan. 17 | Opportunity Zones
Developer Wants 71-Unit Complex to Rise in Van Nuys, CA Opportunity Zone
The Real Deal | Jan. 17 | Opportunity Zones
U.S. Supreme Court Declines to Hear Puerto Rico Bonds Dispute
Reuters | Jan. 17 | Bond Finance
City of Hopkins, MN Will Pay Developer $8M for Parking Garage
StarTribune | Jan. 17 | Tax Increment Finance (TIF)
Grocery Store Developer Asks Tulsa, OK for TIF Assistance
Tulsa World | Jan. 17 | Food Systems Finance | Tax Increment Finance (TIF)
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National Sponsor Spotlight |
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NW Financial Group, LLC
NW Financial Group LLC is the premier Financial Advisory / Municipal Underwriting firm in the Northeast whose experienced professionals provide unparalleled expert advice to States, Local Governments and Authorities. The professionals that make up...
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Petros PACE Finance
Petros PACE Finance, LLC is the national leader in the C-PACE marketplace, dedicated solely to providing long-term C-PACE financing to commercial property owners seeking to lower energy costs, reduce carbon footprints and increase property values.
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SB Friedman Development Advisors
SB Friedman Development Advisors is a real estate and development advisory firm specializing in development strategies and public-private partnerships. Founded in 1990, they work with public, private and institutional clients. Their mission is to...
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Partner Spotlight |
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Institute of Economic Development (IED) - United Kingdom
The Institute of Economic Development (IED) is the UK's leading independent professional body representing economic development and regeneration practitioners. Established over 30 years ago, the IED's key objective is to represent the interests of...
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CDFA Bookstore |
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Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how a RLF program can compliment economic development strategies, encourage investment and assist traditionally underserved businesses.
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New Members |
Northwestern Indiana Regional Planning Commission - Portage, IN
Allevo Shared Values Opportunity Fund - Belmar, NJ
Clark Hill PLC - Philadelphia, PA
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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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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