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CDFA Revolving Loan Fund Finance Update - December 14, 2021

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Revolving Loan Funds Update
December 14, 2021
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Revolving Loan Fund Finance Update

Features

Colorado Task Force Advances Plan to Spend $400M on Affordable Housing Initiatives
A task force advising Colorado lawmakers on how to spend $400 million in federal coronavirus relief money on affordable housing projects has approved a spending plan. This includes $150 million for a new revolving loan fund for new developments, preservation and rehabilitation, property conversions, and non-traditional housing capacity in diverse communities.

Lessons From Research: The California Rebuilding Fund is Helping Small Businesses Recover From the Pandemic
The California Rebuilding Fund is a partnership between state and local governments and private organizations that provides loans to small businesses in underserved communities. Through this partnership, California leverages private sector resources toward addressing the pandemic's impact rather than relying on public resources alone to support the enormous needs of California's small businesses.

Comprehensive $1.2T Infrastructure Bill to Provide Critical Support for Clean Energy
Included in the legislation is $2.5 billion to establish a revolving loan fund to allow the Department of Energy (DOE) to serve as an "anchor-tenant" for new or upgraded transmission lines and allows the DOE to issue loans to, or enter into public-private partnerships with, eligible transmission projects.

New Fund for Rural Businesses Around Madison, WI Announced
The Madison Region Economic Partnership announced the launch of a new revolving loan fund that will help rural businesses gain access to capital and grow. This RLF focuses on entrepreneurs and businesses located in Dane, Dodge, Iowa, Jefferson, Rock, and Sauk counties.

Equitable Facilities Fund Commits $500M to Public Charter Schools Led by People of Color
The Equitable Facilities Fund, a nonprofit social impact fund specializing in facilities financing for high-performing public charter schools, has announced a $500 million commitment to public charter schools run by people of color. The funding will provide low-cost loans for school facilities so that exceptional educators can establish deeper roots within their communities.

Gov. DeSantis' Budget Includes Funds for Housing, Environment
Governor DeSantis' budget provides $40 million to create a revolving loan program that supports workforce homeownership, including down payment, and closing cost assistance. The governor recommends $355.5 million to fully fund the State and Local Government Housing Trust Funds.

Boulder County, CO Latino Businesses Confront Challenges, Alternative Solutions to Funding
While other chambers of commerce focus mostly on the business needs of their members, the Latino Chamber goes several steps further, helping members with a variety of business-consulting services as well as social programs. Among members' needs are finding documents that may be located in another country or interpretation services for legal documents.

SBA Announces $44.8B in Loans Awarded in FY 2021
The U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the agency reached $44.8 billion in funding to small businesses through more than 61,000 traditional loans for fiscal year (FY) 2021.

Upcoming Events

CDFA // BNY Mellon Development Finance Webcast Series: Affordable Housing Finance - Market Rate/Affordable/Low-Income
Tuesday, December 21, 2021 - 2:00 PM - 3:00 PM Eastern
Affordable Housing has been a hot button issue over the last few years with a focus on what percentage of affordable housing should comprise a residential development. This session will discuss how various tools such as Low Income Housing Tax Credits and Private Activity Bonds play a role in how these decisions are made.

Fundamentals of Economic Development Finance Course
January 26-27, 2022 - Daily: 12:00 - 5:00 PM Eastern
CDFA's Fundamentals of Economic Development Finance Course is the foundation for all of CDFA's educational offerings. This course helps attendees understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

Intro Bond Finance Course
February 14-15, 2022 - Daily: 12:00 - 5:00 PM Eastern
The Intro Bond Finance WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

Headlines

Three Nonprofits Get $6M in Grant Money to Help Lincoln, NE Residents Buy Homes
Lincoln Journal Star | Dec. 10 | Access to Capital | Community Development | Housing Finance | Revolving Loan Funds (RLFs)

Flagler Beach, FL Commission Signs Off on Revolving Loan of Up to $17.6M to Rebuild Sewer Plant
Flagler Live | Dec. 10 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Sustainable Housing Trust Fund Will Strengthen Duluth's Future
Duluth News Tribune | Dec. 3 | Access to Capital | Housing Finance | Revolving Loan Funds (RLFs)

San Antonio, TX Food Incubator Stirs Up New Culinary Businesses
Next City | Dec. 1 | Access to Capital | Community Development | Food Systems Finance | Revolving Loan Funds (RLFs)

The Bipartisan Infrastructure Framework – What's Important for Ag?
Michigan Farm News | Nov. 23 | Agriculture Finance | Food Systems Finance | Infrastructure Finance | Revolving Loan Funds (RLFs)

Major Boost Coming in Federal Brownfield and Superfund Spending and Focus
JD Supra | Nov. 23 | Brownfield Financing | Energy Finance | Green Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Restaurant Groups Strategic Move to Tap More SBA EIDL Loan Funds
Benzinga | Nov. 20 | Access to Capital | Disaster Recovery & Relief | Federal | Food Systems Finance | Revolving Loan Funds (RLFs) | U.S. Small Business Administration (SBA)

Loan Program Promotes Resiliency for Santa Barbara, CA Farmers and Food Businesses
Santa Maria Times | Nov. 19 | Access to Capital | Agriculture Finance | Food Systems Finance | Local Finance Program | Revolving Loan Funds (RLFs)

Local Organization Launches Loan Fund to Benefit Underserved Entrepreneurs
The Johnson County Report | Nov. 18 | Access to Capital | Revolving Loan Funds (RLFs) | Social Finance

UCSF Launches Community Investment Program to Support Housing and Minority-Owned Small Businesses
Eureka Alert | Nov. 18 | Access to Capital | Revolving Loan Funds (RLFs) | Social Finance

Food Hall Included in Uses for $105M Redevelopment in Milwaukee, WI
Milwaukee Journal Sentinel | Nov. 16 | Access to Capital | Food Systems Finance | Historic Preservation | Housing Finance | Redevelopment | Revolving Loan Funds (RLFs) | Tax Credits

Here's What Arizona is Allocated Under $1T Infrastructure Bill
KTAR News | Nov. 15 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance | Water Finance | State Revolving Fund

Traverse City, MI Real Estate Co-Op Breaks Several Different Molds
Next City | Nov. 12 | Access to Capital | Community Development | Food Systems Finance | Housing Finance | Property Assessed Clean Energy (PACE) | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF) | U.S. Dept. of Agriculture (USDA)

Tennessee Announces $42M in Water Loans
Water World | Nov. 12 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance | Water Finance | State Revolving Fund


New Additions to the Online Resource Database

Brief On U.S. Economic Development Administration Programs and Project Types
Economic Development | Access to Capital | Community Development | Infrastructure Finance | Innovation Finance | Revolving Loan Funds (RLFs)
This brief analyzes U.S. EDA data from 2010 to 2019 to paint a broad picture of the agency's programs and grantmaking activities. During this period, EDA invested an average of $361 million a year across its programs.


The Council of Development Finance Agencies (CDFA) 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 www.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

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CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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