Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!

Worthington City Council is expected to approve the issuance of almost $4 million in bonds to continue upgrades at McCord Park. Phase one was replacing the playground outside the center, re-locating the little train caboose, and adding a shelter house and new ball fields. Phase 2 calls for renovating four baseball/softball diamonds, replacing nearby restrooms and a storage building, and completing a half-mile of multi-use trail around the park.

Churchill Stateside Group, LLC, a real estate and renewable energy financial services company, is pleased to provide the financing for a new-construction affordable housing community in Knoxville, Tennessee. The apartment community will consist of 112 units catering to family tenancy. The improvements will be constructed utilizing equity from the sale of 4% Low-Income Housing Tax Credits; issuance of private activity bonds; and CSG's Private Tax-Exempt Loan Program.

The Bayonne City Council passed three ordinances last night to transform the former Texaco site into 1888 Studios, which included a $65 million bond and 30-year payment in lieu of taxes (PILOT) agreement, on the third time they considered the measures. The complexity of the deal led to it being carried twice in the past month. Togus Urban Renewal is the studio's owner responsible for the development of the old Texaco site at the end of the peninsula by the Bayonne Bridge.

House Bill 1777 was passed unanimously by the state House. The bill, which deals with financing for school capital projects, was cosponsored by state Rep. Joel McEntire, R-Cathlamet, of the 19th Legislative District. According to McEntire, the program HB 1777 would create could be used to fund projects schools need. Their energy savings would be used to pay the cost over time.

The Affordable Housing Tax Credit Coalition (AHTCC) has applauded housing provisions recently proposed in the Biden Administration's FY 2024 federal budget, including a proposal that would strengthen the Low-Income Housing Tax Credit (Housing Credit), the federal government's primary tool to produce affordable rental housing.

The city of Galesburg has issued $5 million in general obligation bonds to help fund a new community center. A resolution to authorize the city to issue the bonds was approved on a 4-3 vote by the city council in January. Then the city moved forward with establishing a credit rating and other steps in the process to issue the bonds.

As part of New York State's Smart Schools Bond Act, the Queensbury Union Free School District will receive $430,500 for classroom technology upgrades. The district was among dozens statewide awarded grants in the latest round of funding under the 2014 Smart Schools Bond Act, approved by voters allowing $2 billion in bond financing used to improve technology needs in New York schools.

CDFA // BNY Mellon Development Finance Webcast Series: Utilizing TIF with Brownfield Redevelopment Projects
April 18, 2023 - 2:00 PM - 3:00 PM Eastern

CDFA Food Systems Finance Webinar Series: Access to Capital Tools & Food Systems
April 25, 2023 - 2:00 PM - 3:30 PM Eastern

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A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for implementing Soil Wealth Areas in each of the regions analyzed and creating a wider Soil Wealth Community for practitioners to share learnings about their experiences with place-based financing.

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