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Development Finance Review Weekly - March 16, 2017

Development Finance Review Weekly
March 16, 2017
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CDFA Development Finance Review Weekly

Feature

When It Comes to Tax Incentives, How Transparent Is Your City?
A new report highlights major holes in local governments' online disclosure of how economic development dollars are spent.

Downtown Aurora, IL Could See Two More RLF Projects
No sooner did Invest Aurora announce the formation of the new revolving loan fund for renovating older buildings in Aurora, and announce its first recipient, than it came forward with the potential second and third recipients.

Bond Documents Being Revised for Issue Price Rules
Bond lawyer and dealer groups are drafting revisions to bond documents for market participants to begin using by June 7 when the Internal Revenue Service's issue price rules take effect.

Water Infrastructure Funding: Where Do We Go from Here?
With the future of tax-exempt bonds in question, and with growing uncertainity over which communities will benefit from WIFIA, water finance officials are speculating on how the industry will overcome the $600 billion funding gap for water and wastewater infrastructure.

Proposals to Link Tax Breaks to Employment Put Jobs 'At Risk,' Boeing Says
Lawmakers in Olympia have introduced bills to tie aerospace tax credits to recipient employment levels in the state. Boeing spokesman said the company had not had an opportunity to review the legislation, but said Boeing remains opposed to any effort to alter Washington's aerospace tax incentives.

CDFA // BNY Mellon Webcast Series: Exploring the Impact of GASB 77
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers provide an in depth look into the implications of this new accounting standard.

Upcoming Events
Intro Incentives WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

P3 Plan Revs Up Stalled Oklahoma Highway
Oklahoma plans to complete an unfunded Tulsa highway project that's been on the books for 50 years with a seven-way partnership that would include an expected $100 million investment from the one private sector partner.

Cambridge, MA Issues $2M in Minibonds
Cambridge, Mass., raised $2 million through a sale of community-sourced minibonds, which the city and its underwriter say could further a trend in the $3.8 trillion municipal bond marketplace.

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.

Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
April 18, 2017 - 1:00 PM Eastern
After the latest round of allocations from the CDFI Fund, there are now more New Markets Tax Credits available than there are qualifying projects. This webcast will explain the double allocation of tax credits that occurred during the last round and explore how this is affecting the tax credit markets. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an inside look into how these tax credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.

This Week's Headlines

Port Authority to Help Finance Massive Blue Ash Development
Cincinnati Business Courier | Mar. 16 | Bond Finance | Member News | Tax Increment Finance (TIF)

Lincoln Park Preservation Alliance Seeking Developers to Save Two Historic Buildings
News-Herald | Mar. 16 | Historic Preservation | Tax Credits

Cuyahoga Co. Will Back MetroHealth'sTransformation Bonds, Saving Metro up to $160M
Cleveland Plain Dealer | Mar. 16 | Bond Finance

Woodside Improvement District Plan Advances in Westwood
Kansas City Star | Mar. 16 | Tax Increment Finance (TIF)

Calais, ME Forms TIF District to Boost Growth
Maine Biz | Mar. 16 | Tax Increment Finance (TIF)

Appeals Court Affirms Arapahoe Assessor's Decision on TIF District Start Date
Villager Publishing | Mar. 16 | Tax Increment Finance (TIF)

IA Bill Proposes Capping State Tax Credits
The Quad City Times | Mar. 16 | Legislative | State Finance Program | Tax Credits

Georgia Gov. Deal, Speaker David Ralston: Film Tax Credit Here to Stay
The Atlanta Journal-Constitution | Mar. 16 | Legislative | State Finance Program | Tax Credits | Incentives

How Long Can IL Hold Onto Investment Grade Ratings?
The Bond Buyer | Mar. 16 | Bond Finance | State Small Business Credit Initiative (SSBCI)

Proposed Resolution Targets Future Tax Increment Financing Districts
The Missourian | Mar. 16 | Tax Increment Finance (TIF)

Taunton City Council Gives Green Light to Globe Tax Deal
Taunton Daily Gazette | Mar. 16 | Tax Credits | Tax Increment Finance (TIF)

Rocky Mount, NC Complex Supported by NMTC
WITN Greenville | Mar. 16 | Bond Finance | Tax Credits

TxDOT Plans $2.5B of Urban Projects Over 4 Years
Bond Buyer | Mar. 16 | Infrastructure Finance | State Finance Program

Vigo Co, IN TIF District to Support Hatchery
The Tribune-Star | Mar. 16 | Economic Development | Incentives | Tax Increment Finance (TIF)

TX Bill Would Limit Highway Funds to Strengthen General Fund
Bond Buyer | Mar. 16 | Infrastructure Finance | Legislative | State Finance Program


Job & RFP Postings

Loan Officer - CalRecycle

National Sponsor Spotlight

Hawkins Delafield & Wood LLP Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the U.S. whose practice is devoted primarily to public finance and public projects. The firm has more attorneys engaged in the full time practice of public finance and projects than any...
Ice Miller LLP Ice Miller LLP
Ice Miller LLP is a full-service firm with the resources it needs to counsel its clients and deliver quality legal advice. Ice Miller offers a broad array of capabilities in virtually all areas of the legal practice.
KeyBanc Capital Markets KeyBanc Capital Markets
KeyBanc Capital Markets is an investment banking firm serving issuers of tax-exempt debt for over 40 years. Their team identifies opportunities, designs financing structures and develops an array of solutions that meet and exceed clients' financial...

Partner Spotlight

Association of Development Financing Institutions in Asia and the Pacific Association of Development Financing Institutions in Asia and the Pacific
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to...

CDFA Bookstore

Cover thumbnail DFCP Study Pack
The DFCP Complete Book Package contains all of the reference guides to study for the DFCP final exam at a 10% discount.

New Members

Pemco Capital - North Palm Beach, FL

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.

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

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • 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
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor