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Development Finance Review Weekly - November 6, 2025

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Development Finance Review Weekly
November 6, 2025
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CDFA Development Finance Review Weekly

Features

CDFA's Tax Increment Finance Week: Two TIF Course Levels Offered this November!
CDFA is excited to offer our Intro and Advanced Tax Increment Finance Courses in the same week. This opportunity is perfect for professionals who want an in-depth look at TIF deal-making and best practices into focus and support the entire TIF community. Join us November 18-19 & November 20—register today!

Durham Greenlights $44M Bond for Redevelopment in the Heart of Hayti
The Durham City Council unanimously agreed to support the Durham Housing Authority's issuing a $44 million tax-exempt bond to build the first phase of redevelopment of the former Fayette Place public housing complex. The new housing project will bring 252 affordable rental units for families earning 30% to 80% of the area's median income. In the end, the Durham Housing Authority and Development Ventures, Inc., will transform the 19.8 acres into a $90 million project. The efforts come as the city is seeing rising housing costs, with residents paying more for apartments.

The Next Round of OZs Is Coming. New Data Shows How Cities Can Get Them Right.
The federal Opportunity Zone tax incentive was billed as an economic development tool to help businesses in low-income communities raise capital for growth. New research shows that across Ohio, the incentive is mostly supporting projects in just a third of Opportunity Zone-designated census tracts. Those census tracts, as a group, were already experiencing economic gains before designation. Those projects are producing mostly market-rate rental housing that's more expensive than most other rental units in the communities surrounding each project.

With OZ Permanence, New Designations Coming, Novogradac Updates Mapping Tool
The One Big Beautiful Bill Act (OBBBA) made the opportunity zones (OZ) incentive a permanent part of the tax code, and as a part of permanence, replacement sets of OZs are scheduled to be designated every 10 years, with the next set of designations to take effect Jan. 1, 2027. Current OZs will keep their designation through Dec. 31, 2028, so it is expected that there will be two sets of OZs in effect for 2027 and 2028. An updated Novogradac tool can help users navigate the designations.

IRS Updates 2026 LIHTC State Allocation Ceilings
The Internal Revenue Service (IRS) has announced the per capita multipliers for low-income housing tax credits (LIHTCs) and private-activity bonds in 2026. The state ceiling for LIHTCs will be the greater of $3.416 multiplied by the state population or $3,953,600 next year. In Revenue Procedure 2025-32, the IRS updated the caps to apply the recent 12% allocation increase enacted in the One Big Beautiful Bill. An earlier notice failed to include the increase.

KeyBanc Backs $46.5M Bond for Tribally-Owned Healthcare Facilities
The San Carlos Apache Tribe issued bonds for its healthcare nonprofit, the San Carlos Apache Healthcare Corp., to finance the construction of a 100-bed long-term care, hospice care, and nursing facility on its tribal lands in Arizona. KeyBanc Capital Markets purchased the notes as the transaction's broker-dealer and helped the healthcare organization, known locally as Izeé Baa Gowáh, secure an A- rating from Fitch – "one of the highest ever credit ratings for a Native American tribe or tribally chartered corporation," according to KeyBanc.

Ohio Introduces Two New Housing Development Tools
Ohio's rollout of two new housing initiatives as part of Ohio House Bill 96 comes at a critical time. The Residential Economic Development District (REDD) and Residential Development Revolving Loan Program (RDRLP) aim to resolve the issue and incentivize development. These two new housing programs create fresh opportunities for real estate investors, developers, and business owners to bolster the housing stock throughout Ohio.

U.S. Federal Housing Annual 2025 Report Published
The Annual Housing Report includes information about the distribution of single-family loans by race/ethnicity, sex, and census tract median income. In addition, the Report includes a breakdown of the single-family mortgage product-types purchased by each Enterprise, as well as information on mortgage payment type (e.g., fixed-rate or adjustable-rate mortgage), loan-to-value ratios, and credit scores.

Upcoming Events
Intro Tax Increment Finance Course
Upcoming Webcasts

CDFA // BNY Development Finance Webcast Series: Effective Utilization of Green Bonds
November 18, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series panelists will share how they have utilized Green Bonds to raise funds for environmentally friendly initiatives while providing investors with an opportunity to support projects that align with their environmental values.

SSBCI Coalition Meeting - Virtual
November 21, 2025 - 1:00 PM - 2:00 PM Eastern
Each month, CDFA hosts SSBCI Coalition meetings where we provide updates, insights, and opportunities for networking and problem-solving. These meetings allow you the chance to connect with peers and stay informed on the latest developments. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.

CDFA Food Systems Finance Webinar Series: Evaluating Success: Exploring Key Partnerships and Frameworks for Food Systems Financing
November 25, 22025 - 2:00 PM - 3:30 PM Eastern
During this final session of the 2025 CDFA Food Systems Finance Webinar Series, we'll explore how to navigate the complexities of combining multiple funding sources into a holistic financial model. We'll highlight the key players, networks, and frameworks in structuring successful food system financing deals, while discussing how partnership strategies can secure funding, mitigate risk, and maximize impact. Whether you're an entrepreneur or an investor, this session will provide the tools and insights to evaluate, assess, and build sustainable funding strategies for food system projects.

Job & RFP Postings

Maryland DHCD - HCD Financial Analyst IV, General Accounting
The Division of Finance and Administration is seeking an enthusiastic individual to serve as a Financial Analyst. The Financial Analyst will assist the General Accounting unit's activities based upon the goals and priorities of the Department. This position has direct oversight of invoicing, payments for operating expenses, subsidized mortgage, grant disbursements, construction loan draws, and reviews accruals at year-end, payroll allocation, direct and indirect overhead allocation, inventory, and reporting and financial analysis, including trending data to support strategic decision-making. Application Deadline: 11/14/2025 11:59:00 PM.

City of Austin - Housing & Community Development Officer
The City of Austin's Housing Department provides equitable, comprehensive housing solutions and community development services to enhance the quality of life for all residents. Under general direction, this position provides department-wide and community-wide leadership on complex issues related to housing and community development, real estate transactions, and diverse financing strategies to create and preserve affordable housing and design and implement market responsive community development programs and initiatives. Applications close on December 3, 2025 at 11:59 PM.

2025 CDFA Coordinator, Knowledge & Networks Posting - October
The Council of Development Finance Agencies (CDFA at www.cdfa.net) seeks a motivated, well-organized and energetic individual to fill the position of Coordinator, Knowledge & Networks. This position is critical to the continued success of CDFA's education, advocacy, research, resources, and networking efforts. This position is responsible for assisting with CDFA's research projects, resource collection, information sharing, newsletter publications, headlines review, and educational efforts. This is an exciting opportunity for an enthusiastic person to contribute to a great organization, working to create economic prosperity across the country. This is a hybrid position is located in Dublin, OH.

NJEDA - Business Banking Relationship Manager
The Business Banking Relationship Manager (BRM) is a key leadership role in the Business Banking Department responsible for managing relationships with NJEDA's lending partners, small businesses, and stakeholders, and driving business development efforts to expand the impact of NJEDA's loan products. The BRM will have direct responsibility for originating and managing loans ranging from $500,000 to $5 million and bond financing, while leading targeted initiatives and outreach activities to meet annual business development targets. The role emphasizes strategic leadership in building partnerships, advancing NJEDA's business development efforts, and maintaining the department's competitiveness in the financial services sector.

This Week's Headlines

Farm Bureau Launches United Coalition to Strengthen Farmer Mental Wellbeing
Morning AgClips | Nov. 5 | Access to Capital | Agriculture Finance | Food Systems Finance | Resiliency

Henry County Fund Offers Financing Help for Small Businesses
Southeast Iowa Union | Nov. 5 | Economic Development | Revolving Loan Funds (RLFs)

Opportunity Zone Home Prices Keep Pace Nationally
Meck Tmes | Nov. 5 | Housing Finance | Legislative | Opportunity Zones

Oregon Coast Homebuilders Tap New State Loan Program for Middle-Income Homes
The Oregonian | Nov. 5 | Housing Finance | Revolving Loan Funds (RLFs)

Your Guide to OZ Pitch Day and What's Ahead for OZ 2.0
OpportunityZones.com | Nov. 5 | Federal | Legislative | Opportunity Zones

Apply Now: Opportunities for North Texas Innovators
Dallas Innovates | Nov. 4 | Access to Capital | Agriculture Finance | Food Systems Finance | Innovation Finance | Resiliency

California Sued Over Bond Program that Sends More Money to Fix Facilities in Wealthy School Districts
Westside Connect | Nov. 4 | Bond Finance | Education

Easterseals Colorado Modernizes Its Facility
Lakewood | Nov. 4 | Public-Private Partnership (P3) Financing | Revolving Loan Funds (RLFs)

Green Start-Ups Are Pushing Ahead as the Government Crushes Climate Projects
nbcnewyork.com | Nov. 4 | Federal | Green Finance

LGC Approves $22.4M for CFPUA Sewer Plant Upgrade
WECT | Nov. 4 | Infrastructure Finance | Revolving Loan Funds (RLFs)

Monllor Capital Signs LOI to Fund up to $2.5M for Rover Lodge Puerto Rico
FOX 4 | Nov. 4 | Economic Development | Housing Finance | Opportunity Zones

Report Shows Maryland Trailing Region in Economic Outlook
Conduit Street | Nov. 4 | Economic Development | State Finance Program

RRHA Seeks Nearly $94M in Housing Revenue Bonds From City Council
VPM News | Nov. 4 | Bond Finance | Housing Finance

What You Should Know: Trump's Deportations and the Impact on the Food System
Investigate Midwest | Nov. 4 | Agriculture Finance | Federal | Food Systems Finance

ARK Launches Gas Plant Anchored Investment Fund
Catalyst | Nov. 3 | Opportunity Zones | Urban Development

Could County Create Affordable Housing Loan Fund?
Urban Milwaukee | Nov. 3 | Housing Finance | Revolving Loan Funds (RLFs)

Kentucky State Agriculture Department Mobilizes $141K in Emergency Food Support
WHOP | Nov. 3 | Access to Capital | Agriculture Finance | Food Systems Finance | Resiliency | U.S. Dept. of Agriculture (USDA)

Plankton-Gratitude Yield Co. Closes $7.5M Revolving Construction Loan with Locus to Accelerate Community Solar
FOX 4 | Nov. 3 | Community Development | Energy Finance | Revolving Loan Funds (RLFs)

State Housing Agencies Should Quickly (and Wisely) Implement the 25% Financed-By Test
Novogradac | Nov. 3 | Bond Finance | Legislative | Tax Credits

Texas Leads $16B Slate of Bond Measures on Election Day
Yahoo Finance | Nov. 3 | Bond Finance | Education

What Opportunity Zones Permanence Means for Corporate Investors
Site Selection | Nov. 3 | Federal | Legislative | Opportunity Zones

$28M Senior Affordable Housing Development Opens in Northwest Florida
Affordable Housing Finance | Nov. 3 | Access to Capital | Housing Finance | Incentives | Tax Credits

Bethlehem Hires Nonprofit to Operate Fund for Housing Shortages
The Brown and White | Nov. 2 | Housing Finance | Revolving Loan Funds (RLFs)

Major Upgrade Underway for Allenstown and Pembroke Wastewater Treatment
Concord Monitor | Nov. 2 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

North Dakota Fund Buys Out $1.25M Wonder Fund Investment
The Jamestown Sun | Nov. 2 | Federal | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Commerce (DOC)

COP30: Lessons on Sustainable and Climate-Resilient Agriculture with Real Finance
AgFunder Inc. | Oct. 31 | Agriculture Finance | Food Systems Finance | Green Finance

Food Desert No More: North Tulsa's Fresh Start
The Rockefeller Foundation | Oct. 31 | Agriculture Finance | Food Systems Finance | Healthcare

How Changing Interest Rates Impact the Bond Market
US Bank | Oct. 31 | Bond Finance | Federal

Where and What Are the Nine Opportunity Zones in Jackson, Mississippi?
Mississippi Clarion Ledger | Oct. 31 | Opportunity Zones

$14M Housing Project Breaks Ground in Hastings, NE
News Channel Nebraska | Oct. 31 | Economic Development | Housing Finance


National Sponsor Spotlight

MuniCap, Inc. MuniCap, Inc.
MuniCap, Inc. is a public finance consulting firm based in Columbia, Maryland that specializes in the public finance aspects of redevelopment. MuniCap is headquartered in Columbia, Maryland, with additional offices located in Dallas, Texas,...
PGAV Planners, LLC PGAV Planners, LLC
PGAV is a global leader in planning, design, and development consultation to public, corporate, and institutional clients. For more than fifty years, PGAV has created unique approaches and solutions to community planning and development issues, and...
RDF RDF
RDF is a nonprofit Community Development Financial Institution (CDFI) dedicated to unlocking lasting prosperity in communities across America. Since its founding in 1999, RDF has provided responsible, attainable financial solutions to...

CDFA Bookstore

Cover thumbnail Tax Increment Finance Best Practices Reference Guide 2nd Edition
The Tax Increment Finance Best Practices Reference Guide 2nd Edition addresses what TIF is, why it should be used, and how best to apply the TIF tool. This guide highlights both TIF and special assessment projects across the country and how they can be applied to address common economic development issues.

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
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY
  • 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.
  • PGAV Planners, LLC
  • RDF
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor