The 2023 CDFA National Development Finance Summit is one month away and this is your last chance to lock in early bird pricing. Register by October 13 to save! We're excited to see you in Philadelphia!

This guide from Bricker Graydon outlines the array of tools with which Ohio economic development practitioners can intervene to stimulate or induce development to occur in their communities. This guide also assists practitioners by identifying programs, clarifying changes to existing programs, and introducing effective new options to consider. If knowledge is power, this guide provides practitioners with the unique ability to empower their communities or businesses to accomplish a variety of economic development objectives.

The Allen, situated in the Monte Vista Historic District, is breathing new life into the former Allen's Flowers & Antiques building. The project is taking full advantage of various government incentive programs to support sustainable development, including federal and state historical rehabilitation tax credits, property assessed clean energy (PACE) financing, the federal solar investment tax credit program, and the City of San Antonio historic rehabilitation property tax and permit fee abatements.

Northwest Illinois Economic Development (NWILED) is excited to announce the creation of a new financing incentive for investors and entrepreneurs doing business within the City of Galena and Jo Daviess County. Renovating or constructing buildings for a clean energy economy is expensive, and now these clean energy projects will become more affordable for local businesses after the Illinois Finance Authority PACE Program was established by the Jo Daviess County Board on August 8, 2023, and by the City of Galena on August 14, 2023.

BlueWave, a Boston-based clean energy IPP and B Corp, reached a major financing milestone involving $91 million. The financing includes a debt raise of $64 million with KeyBank and a tax equity raise of $27 million with U.S. Bancorp Impact Finance. It is expected to support the construction as well as long-term financing of five agrivoltaic projects in Massachusetts, which support simultaneous use of land for both solar plants and agriculture, benefiting all parties impacted, including landowners, farmers, and surrounding communities.

Governor Kathy Hochul announced the completion of a $51 million, all-electric affordable housing development that will bring 82 affordable apartments to downtown Peekskill in Westchester County. Financing for this development included $8.9 million in permanent tax-exempt bonds, $12.1 million in federal Low-Income Housing Tax Credits (LIHTC), and $12.3 million in subsidy from New York State Homes and Community Renewal.

The Missouri Green Banc, a nonprofit green lender and affiliate of the Missouri Clean Energy District, and Allectrify, a public benefit corporation that specializes in helping banks offer commercial property assessed clean energy (C-PACE) loans to developers and small-business owners, announced the closing of a $400,000 C-PACE loan to finance the installation of solar PV systems for Porter Farms in Mercer County, MO.

The Meadow Ridge retirement community in Redding, CT has signed an agreement with Verogy to build a 732 kW solar installation. When complete, the project will supply Meadow Ridge with more than 850,000 kWh. The project is made possible with a commercial property assessed clean energy (C-PACE) loan from the Connecticut Green Bank, zero-emission renewable energy credits through Eversource, and investment tax credits.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Water Infrastructure Projects
October 17, 2023 - 2:00 PM - 3:00 PM Eastern

CDFA Tribal Finance Webinar Series: Funding Healthcare Facilities on Tribal Nation Reservations
October 24, 2023 - 2:00 PM - 3:30 PM Eastern

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