The Caren S. Franzini Fellowship was created to develop and recognize outstanding women in the field of development finance for their leadership and dedication to the advancement of the industry. This 6-month fellowship program, run through the CDFA Foundation, is open to women employed by a CDFA member organization who have worked in the development finance industry for less than 10 years. Apply by Friday, March 15!

The Pennsylvania Department of Community and Economic Development (DCED) has announced a $3 million investment of State Small Business Credit Initiative (SSBCI) funds in two venture capital firms. Sana Capital Fund I, LP, established by Sana Capital Partners, LLC, will receive $2 million and aims to improve healthcare access and quality of care for underprivileged individuals. Science Center Health Fund, LLC, which plans to invest in early-stage healthcare and med-tech companies, will receive $1 million.

The Council of Development Finance Agencies is now accepting applications for Vice President, Development Finance. This position leads CDFA's development finance practice and is responsible for ensuring CDFA delivers on its research projects, resource collection, educational offerings, partnerships, and content creation. Want to join the CDFA family in Columbus, Ohio? Email your cover letter, resume, salary request, and three professional references to jobs@cdfa.net.

Illinois Environmental Protection Agency (EPA) Director John J. Kim has announced the investment of more than $66 million through water infrastructure loans to local governments and water districts for the first half of Fiscal Year 2024 (July-December 2023,). The Illinois EPA State Revolving Fund (SRF) Program provides low-interest loans that fund wastewater, stormwater, and drinking water projects.

Peachtree Group achieved a significant milestone by securing $150 million in Commercial PACE (C-PACE) financing, approaching $0.75 billion completed since its inception in 2019. For the year, Peachtree Group completed 23 C-PACE transactions across the U.S. for a total of approximately $250 million in directly originated and balance-sheet-funded C-PACE financing.

Public funds will help pay a quarter of the costs of a $100 million transformation of the oldest shopping center in Elk Grove Village. The developer will construct two retail buildings totaling 45,000 square feet; a five-story, 270-unit apartment building with 8,000 square feet of ground-floor retail, a 530-space parking deck, and 16 townhouses.

Fort Myers Community Redevelopment Agency (CRA) Board of Commissioners approved a tax increment rebate request for the development of The Royal Palm Hotel & Residences. The more than $30 million in tax increment financing will be broken up into three separate phases of the project. The site is on a 2-acre parcel known as Royal Palm Towers in the historic river district, overlooking the Fort Myers Yacht Basin to the northwest.

Hawaii Community Lending (HCL) received a $5 million investment from the Stupski Foundation to expand the nonprofit's affordable housing fund focused on servicing native Hawaiians. HCL will pool the investment with other public and private capital to grow its revolving loan fund to $20 million. HCL is a nonprofit community development financial institution founded in 2014 that funds the affordable housing ecosystem in Hawaii from the homebuyer to the home builder to the homeowner.

CDVCA is seeking a highly motivated individual dedicated to working with high-growth SEDI entrepreneurs to help them succeed and benefit their communities. The successful candidate will help develop the Unlock Capital program nationally, including recruiting, assessing, tracking, and supporting participating businesses and engaging with program mentors, lecturers, technical assistance providers, and volunteers. To apply send a cover letter and resume to: opportunities@cdvca.org

NJEDA is seeking a Sector Financing & Incentives Analyst who serves as an advisor on Sector Financing & Incentives products. In addition, an Analyst maintains a general working knowledge of other NJEDA Programs and Departments in order to support, promote, and manage NJEDA's offerings effectively to manage external and internal relationships.

NJEDA's Senior Product Officer – Sector Financing is responsible for understanding the suite of NJEDA financial assistance programs and how they can be used to help facilitate a company's growth within any of the state's targeted sectors. They are a member of EDA's Sector Financing team and will partner with colleagues, across the Economic Transformation division, to market these initiatives and provide market feedback to assist in developing future programs.

DHCD is seeking a fiscal compliance manager. This position has direct oversight of all invoicing activities within the Energy Department. The fiscal manager will lead a team of invoice processors, review and revise invoicing procedures, track and review timeliness of payment processing, oversee the execution of payments, monitor funding balance data, perform data analyses, coordinate with Accounting  staff to discuss issues, trends and results, develop and maintain databases and reporting tools, and assist with evaluating opportunities to improve accounting, budgeting and financial processes and systems.

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