CDFA California Financing Roundtable Newsletter - February 2014

CDFA California Financing Roundtable Newsletter - February 2014
February 26, 2014



Feature
Proposed Regs Released for PACE Loss Reserve Program CAEATFA is issuing a Notice of Emergency Regulations along with proposed regulation text and the Finding of Emergency for the Emergency Rulemaking File to create the PACE Loss Reserve Program as authorized by Senate Bill 96. USDA Steps in to Alleviate Impact of Drought on CA Farmers After one of the worst droughts on record in California, the USDA has stepped in to help, offering $20M worth of aid to increase water conservation efforts through its Natural Resources Conservation Service (NRCS). Study Finds Dramatic Economic Impact of EB-5 Program A new economic impact study commissioned by the Association to Invest in the USA (IIUSA) finds that the U.S. EB-5 immigrant investor visa program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs during fiscal year 2012. This is more than a 2-fold increase from the average annual impact result reported in 2011. CDFA Short Courses: PACE, Commercial Real Estate Finance, Financing Manufacturers, and Crowdfunding March 6-7, 2014 Join CDFA in Washington, DC as we advance development finance knowledge, networks and innovation through four unique Short Courses focused on cutting-edge and trending development finance topics. Learn more about each of the Short Courses, including programming, speakers, dates and times at cdfa.net
California News
Jerry Brown Proposes $687.4M to Fight Drought Governing \| Feb. 21 \| Disaster Recovery & Relief \| Infrastructure Finance \| State Finance Program Bills Tackle Crowdfunding, Tax Credits, Startup Capital SSTI \| Feb. 21 \| Access to Capital \| Innovation Finance \| Legislative \| State Finance Program \| Tax Credits GO-Biz Discusses California Competes Bloomberg \| Feb. 21 \| State Finance Program \| Tax Credits Common Themes in the 2014 State of the State Addresses Governing \| Feb. 20 \| Economic Development \| State Finance Program 12 States Competing for SpaceX with Incentives Bloomberg \| Feb. 20 \| Economic Development HERO PACE Financing Poised to Move Into Most of CA Clean Technica \| Feb. 17 \| Access to Capital \| Energy Finance \| Green Finance San Francisco Focuses Efforts on Affordable Housing California Economic Summit \| Feb. 12 \| Access to Capital \| Community Development \| Redevelopment \| Urban Development \| U.S. Dept. of Housing & Urban Affairs (HUD) \| Federal Summit Report: Nine Things CA Can Do in 2014 to Advance Prosperity California Economic Summit \| Feb. 12 \| Economic Development \| State Finance Program >>> SEARCH HEADLINES
New Additions to the Online Resource Database
CTCAC Development Application Workshop Presentation Tax Credits This presentation from the California Tax Credit Allocation Committee includes a recap of the 2013 9% Competition, regulation changes for 2014, and the Federal and State credit set-asides and apportionments. The presentation also provides detailed information on the electronic application and checklist items for the 9% LIHTC. California Energy Efficiency Financing Pilot Programs Energy Finance \| Green Finance \| State Finance Program The California Public Utilities Commission (CPUC) approved a decision to have the investor-owned utilities implement energy efficiency financing pilots for both residential and non-residential properties. This presentation describes CAEATFA's role in administering the pilot programs. Economic Contributions of Pacific Gas and Electric Company Economic Development \| Energy Finance PG&E engaged the Center for Strategic Economic Research (CSER) to estimate the economic contributions of PG&E in 2012, accounting for both its direct economic activities as well as the multiplier or "ripple" effect where additional activities were supported by the company's demand for goods and services and worker spending in the economy. This report includes the impacts from general operation, customer energy efficiency programs, and PG&E's community investment program. >>> SEARCH ONLINE RESOURCE DATABASE
Sponsors
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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.