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.

CHFA awarded Colorado Outdoors LLC with a 4 percent low-income housing tax credit allocation. Montrose County also assigned its $1.1 million private activity bond capacity to the Colorado Housing and Finance Authority on behalf of Colorado Outdoors. These awards will finance the workforce housing project.

Louisiana is pursuing its first public-private partnership to finance the replacement of the Judge Perez Bridge and an adjacent tunnel in the Plaquemines Parish town of Belle Chasse. Tolls will be imposed as part of the P3 that will design, build, finance, operate, and maintain a new $148 million, fixed-span, four-lane bridge.

Municipal bond investors will likely be eyeing the potential sale of $500 million in revenue bonds by the Chandler, AZ Industrial Development Authority, to help bolster Intel's chipmaking plants. Proceeds from the sale would finance the acquisition, construction and installation of certain sewage and wastewater treatment facilities associated with Intel's local semiconductor manufacturing factories.

Chicago developers are making bold plays to turn long-vacant brownfield sites, obsolete industrial corridors, and underutilized historic buildings into megadevelopments. Lincoln Yards, a 55-acre, $6 billion mixed-use development, is being built on remediated brownfield land. So too is The 78, a mixed-use, transit-oriented neighborhood on 62-acres of former brownfield space.

The CDFI Fund announced NMTC Award recipients for the calendar year 2018. Approximately $2.6 billion of NMTC investment proceeds will likely be used to finance and support businesses in low-income communities, and $809.1 million to finance and support real estate projects in low-income communities.

Legacy Lofts, a $13.9 mllion 64-unit mixed-income rental community project in Milwaukee, was made possible through a combination of federal low-income housing tax credits, state and federal historic tax credits, tax-increment financing, HOME Fund financing and private mortgage debt.

Opportunity Fund investments are both complex and illiquid, and most recently established funds grant access only to accredited investors and qualified purchasers. Additionally, investors will be subject to a "hard lockup" for four years, meaning they won't be able to get any liquidity out in that time.

Investment firms are scrambling to take advantage of the Opportunity Zones incentive, but whether these investments offer more than tax incentives to allocators is up for debate. Many financiers have concerns with investments into Opportunity Funds ranging from the long lock-up periods to high fees.

The Governmental Accounting Standards Board has issued new guidance: GASB Statement No. 91, Conduit Debt Obligations, calls for conduit issuers to stop reporting conduit debt in their financial statements and to report all of it in their accompanying notes starting Dec. 15, 2020.

The Arkansas Development Finance Authority will issue $487 million of junk-rated tax-exempt bonds to expand the Big River Steel plant in Osceola, one of the largest enterprises ever backed by the state. The new bonds are backed entirely by Big River Steel, though Arkansas previously issued $125 million to help finance the $1.2 billion expansion of the plant.

During this installment of the CDFA // BNY Mellon Webcast Series, expert speakers will provide an in-depth overview of the approaches currently being used by cities, counties, and states across the U.S. to attract mega projects.

The City of Dallas (City) is seeking proposals for experienced firms to manage the City of Dallas's Regional Center (CDRC). The CDRC is a United States Customs and Immigration Services (USCIS) approved Regional Center to support EB-5 visa investments.

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