CDFA's Revolving Loan Fund Course Week is returning with the intro level on May 12-13 followed by the advanced level on May 14-15. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

Ahead of the Federal Reserve's upcoming policy meeting, U.S. bond investors are adopting a neutral position, reflecting heightened caution due to recent trade policy developments and economic uncertainties. The Trump administration's implementation of significant tariffs, particularly on Chinese imports, has introduced volatility into the bond market, with 10-year Treasury yields experiencing notable fluctuations. Despite stronger-than-expected April employment data, the Fed is anticipated to keep its benchmark interest rate steady between 4.25% and 4.50%, with potential rate cuts projected for later in the year. Investors are favoring shorter-duration assets to mitigate risks associated with long-term economic forecasts and policy shifts. A recent J.P. Morgan survey indicates that 64% of clients are maintaining a neutral stance on Treasuries, underscoring the prevailing market caution.

The 2025 CDFA National Summit in San Juan, PR, will cover dozens of important and timely topics and tools. Sessions will include discussion about the development finance landscape, bond finance and the capital markets, TIF, NMTC, small business lending, access to capital, revolving loan funds, Puerto Rico's development finance landscape and approach, and so much more. Visit our website to learn more about the event, accommodations, and San Juan's history and culture. Register to join us October 8-10!

Three Michigan communities—Grand Rapids, Holly, and Utica—will see over $16.4 million in investment through the bipartisan Revitalization and Placemaking (RAP) program. Projects include a coworking hub, a restored restaurant, and a mixed-use ballpark development. Supported by RAP and SSBCI funds, these efforts aim to increase commercial density, support small businesses, and enhance downtown vibrancy through strategic redevelopment and placemaking initiatives.

President Trump's FY2026 budget proposal includes sweeping cuts to environmental and climate initiatives, slashing $2.46 billion from water infrastructure programs, $1.2 billion from the National Park Service, and $1.5 billion from NOAA. The plan also repeals over $15 billion from the Bipartisan Infrastructure Law and ends FEMA's equity-focused programs—moves that may impact local development, resilience, and economic sustainability.

The Project Manager is a professional who organizes, coordinates, and manages energy conservation projects receiving funds for the execution of energy efficiency or greenhouse gas reduction initiatives. The Project Manager will utilize their expertise with communication, organization, critical thinking, and other skills to move projects through the funding process. The Project Manager has, or will have, an understanding of building construction assemblies, energy diagnostic and modeling methodologies, and energy conservation or greenhouse gas reduction measure recommendations. This knowledge will be used to review and approve funding requests, product specifications, payment requests, perform cost benefit analysis, and onsite construction progression inspections.

The Port is seeking its next Executive Vice President/Chief Financial Officer (EVP/CFO) to join a high-performing team dedicated to creating lasting impact in communities – from revitalizing residential neighborhoods to energizing commercial business districts. The ideal candidate is a strategic and operational leader who works in close partnership with the CEO and as a key member of the executive leadership team. This individual is responsible for attracting capital, leveraging the balance sheet and borrowing capacity, and ensuring strong financial policies, procedures, and reporting systems are in place. The EVP/CFO plays a critical role in strategic planning and execution across the organization and provides timely financial business intelligence and analytical support to the Executive Team and Board of Directors. Applications will be accepted electronically by Raftelis at jobs.crelate.com. The position will be open until filled with a first review of applications beginning May 20, 2025.

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