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CDFA Revolving Loan Fund Finance Update - June 11, 2019

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Revolving Loan Funds Update
June 11, 2019
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Revolving Loan Fund Finance Update

Features

WA Commerce Awards $1M to Create RLF for Small Businesses
The Washington Research Foundation was awarded $800K from the State's Department of Commerce to establish a new Life Science Revolving Loan Fund (LSRLF) that will help early-stage Washington-based companies succeed and compete for growth capital.

Mississippi River Towns Work to End Repeated Flooding
The Mississippi River Cities and Towns Initiative is promoting solutions to deal with the increased frequency and severity of floods. A revolving loan fund would allow states and cities to do flood mitigation projects, then repay the federal loan with savings from the improvements. The Mississippi River mayors want $100 million to start the fund.

Dripping Springs, TX Secures $43M for Wastewater System
Crucial funding for Dripping Springs' expansion of its wastewater treatment plant has been secured with the help of the Texas Water Development Board (TWDB). On April 10, the TWDB unanimously approved $43 million in financing from its Clean Water State Revolving Fund for the planning, acquisition, design and construction of the city's wastewater system. 

2019 Midwest Floods: EPA-FEMA to Support Recovery of Water Infrastructure
The U.S. Environmental Protection Agency (EPA) and the Federal Emergency Management Agency (FEMA) announced a Memorandum of Understanding (MOU) to streamline coordination between FEMA and the EPA-funded State Revolving Fund (SRF) programs. Now, the funding used to restore vital water infrastructure can be provided quicker in times of disaster.

Missoula, MT Council Approves $610K Loan to Developers for Environmental Cleanup
The City Council's Administration and Finance Committee unanimously approved a $610,000 loan agreement with Riverfront Triangle Partners LLC to clean asbestos and other hazardous materials in buildings within the Riverfront Triangle. It's the next step toward the site eventually becoming a major hotel and convention center.

FL Must Prioritize Flood Mitigation Investments
1.34 million Floridians live in flood-risk areas and more than 14,000 properties have seen repetitive losses. Similarly, more than 2,500 critical facilities around the state are at risk from flooding. To successfully address the urgent need for flood mitigation projects in Florida, a multi-layered financing approach that brings together federal, state, and local tools is needed.

NJ EDA to Establish a Value-Added Dairy RLF
Legislation sponsored Assemblyman Eric Houghtaling requiring the New Jersey Economic Development Authority (EDA) to establish a "Value-Added Dairy Farming Program" cleared the Assembly Appropriations Committee. Under the bill (A-3810), the EDA must establish, maintain and administer a "Value-Added Dairy Farming Revolving Loan Fund," as part of the program.

Upcoming Events
CDFA Summer School

Intro Public-Private Partnership (P3) Finance WebCourse
June 19-20, 2019 - Daily: 12:00 - 5:00pm Eastern
The Intro Public-Private Partnership (P3) Finance WebCourse examines this emerging development finance model with a focus on how development finance agencies can adopt P3 principles to address a variety of projects. This course covers basic P3 concepts, key players involved in transactions, asset valuation, contract negotiation, risk assessment, revenue stream development, and feasibility analysis.

Headlines

Elkhart County, IN Decides Not to Raise Loan Fund Rate
The Elkhart Truth | Jun. 9 | Local Finance Program | Revolving Loan Funds (RLFs)

Maui County Council Backs Turning Old UH-MC Dorms into Emergency Housing
The Maui News | Jun. 8 | Housing Finance | Revolving Loan Funds (RLFs)

Future Community Development Goals for AZ
Inside Tucson Business | Jun. 7 | Community Development | Economic Development | Energy Finance | Revolving Loan Funds (RLFs) | Water Finance

Federal Agreement on Water Infrastructure Disaster Response Benefits NE
The Fence Post | Jun. 7 | Disaster Recovery & Relief | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program | U.S. Environmental Protection Agency (EPA) | Water Finance

House Bill Boosts EPA Funding Amid Infrastructure Plan Fallout
Water F&M | May. 31 | Infrastructure Finance | Legislative | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA) | Water Finance

Waterloo, IA Approves $10M in Sewer Improvements
Waterloo-Cedar Falls Courier | May. 30 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

MN Brewery Moves Location with City RLF
Echo Press | May. 28 | Access to Capital | Economic Development | Food Systems Finance | Redevelopment | Revolving Loan Funds (RLFs)

Clarksburg, WV Receives USDA Community Facilities Loan
WVNews | May. 23 | Bond Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Rural America Is the Next Place to Pioneer
The Hill | May. 19 | Food Systems Finance | Infrastructure Finance | Opportunity Zones | Public-Private Partnership (P3) Financing | Revolving Loan Funds (RLFs) | Rural Development

TN DEC Announces $3.2M Loan for Oak Ridge Water Infrastructure
Oak Ridge Today | May. 16 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance



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

  • Baker Tilly
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  • MuniCap, Inc.
  • NW Financial Group, LLC
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  • Wells Fargo Securities
  • Z. The Bond Buyer
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