Development Finance Review Weekly - December 1, 2022
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Features |
CDFA Recognizes Isaac McGlone, DFCP
The Council of Development Finance Agencies is pleased to announce Isaac McGlone, Public Finance Analyst for Bricker & Eckler LLP, in Columbus, OH as the newest graduate of the prestigious Development Finance Certified Professional program. As a new graduate, Mr. McGlone joins numerous others who have invested in their professional development and are ready to tackle the complexities of the development finance industry.
Don't Miss Tools for Economic Growth with Treasury and SBA on Dec. 13!
Join CDFA on December 13 from 2:00-3:00 ET for the last Federal Financing Webinar of the year. This session will highlight the resources available at the U.S. Department of Treasury and Small Business Administration (SBA) to finance economic growth in distressed communities. Featured programs include SSBCI, the CDFI Fund, NMTC, and other small business financing programs, like SBA 504 and 7a.
Gary, IN Going After Federal Funding to Remediate Historic Church
Gary's Department of Environmental Affairs is applying for a Brownfields Cleanup Grant through the U.S. Environmental Protection Agency to clean up the historic City Methodist Church. In 2017, the city received $163,133 from the Knight Foundation to fund the project. Before any redevelopment can begin, however, the city must address the building's issues with flooding and asbestos.
CDA Launches Program to Diversify Colorado Ag Financing Options
The Colorado Department of Agriculture (CDA) has launched the Colorado Agricultural Future Loan Program, a new financially inclusive lending program that offers financing to farmers, ranchers, and agriculturally supportive business owners who have the skills, training, and vision to succeed, but simply lack funding.
Minnesota Starts New Meat Processing Loan
The State of Minnesota recently announced that it would receive $15 million from the U.S. Department of Agriculture (USDA) to establish a loan program that is designed to support small and medium-sized meat and poultry processors. The new Meat and Poultry Revolving Loan Fund can be accessed through the Minnesota Department of Agriculture's (MDA) Rural Finance Authority.
New York Announces $2.25M in Federal Funding to Improve Water Quality
New York announced an initial $2.25M in federal funding provided by the Bipartisan Infrastructure Law to improve the water quality of Long Island's north shore, in addition to finalizing a critical plan to help Nassau County reduce nitrogen pollution. Building on major scientific pollution-reduction plans and State clean water infrastructure grants, the two efforts will bring added resources to advance efforts to restore and protect Long Island's drinking water and bays.
Cumberland County, PA Approves Additional $5.4M in ARPA Funding
The Cumberland County Housing & Redevelopment Authorities were allocated $500,000 in ARPA funds to address affordable housing and $250,000 for the creation of a land bank. The Cumberland Area Economic Development Corporation will receive $750,000 in recovery grants including $500,000 to reinstate a tourism product development grant program and $250,000 to develop a small business revolving loan fund program.
DOE Announces $550M in Clean Energy Funding to Benefit Americans
The U.S. Department of Energy (DOE) announced $550M to support community-based clean energy in state, Tribal, and local governments — serving more than 250 million Americans. This investment, through the Energy Efficiency and Conservation Block Grant (EECBG) Program, will support communities across the country to develop local programming and deploy clean energy technologies to cut emissions and reduce consumers' energy costs.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
A $3.1M Bond Deal Will Rehabilitate Rhode Island Charter School
The Rhode Island Health and Educational Building Corporation has sold $3.1 million of bonds on behalf of the Paul Cuffee School. The 20-year bonds, backed by the school's general revenue, carry a 4.43% interest rate and were sold via private negotiations to Bank Rhode Island on Nov. 15.
Anchorage, AK Receives Pair of Downgrades Ahead of Competitive GO Sale
Anchorage, Alaska, received two rating downgrades ahead of plans to sell $105 million in general obligation bonds competitively on Dec. 6. Fitch Ratings downgraded the city's issuer default rating to AA from AA-plus and S&P Global Ratings downgraded the city to AA from AA-plus.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. The Bond Buyer offers CDFA State and Local Members a 55% discount off of the Issuer Rate. Contact CDFA for more information.
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Upcoming Webcasts |
CDFA Infrastructure Finance Learning Series: How Different Communities Can Benefit From IIJA
Tuesday, December 6, 2022 - 1:00 PM - 4:00 PM Eastern
One of the goals of the IIJA is to foster an equitable economy by investing in historically underserved and under-resourced communities. Infrastructure challenges in these areas range from public transportation to digital access to online information. Speakers on this final installation will cover the variety of problems experienced across different communities - including those in urban, mid-sized, rural, and tribal communities - to discuss how IIJA funds can best be deployed.
CDFA-Bricker Webinar Series: Impacts of the Inflation Reduction Act on Energy Efficiency & Renewable Energy Projects
Wednesday, December 7, 2022 - 2:00 PM - 4:00 PM Eastern
The historic Inflation Reduction Act (IRA) will lead to increased energy efficiency and renewable energy projects throughout all market segments. The financial incentives that will be available in 2023 and beyond will make energy efficiency upgrades and solar power a true "no brainer." This webinar will focus on the commercial, industrial, agricultural, and non-profit sectors, with a panel of experts discussing how to access the financial incentives and highlighting specific project examples.
CDFA Federal Financing Webinar Series: Tools for Economic Growth with Treasury and SBA
Tuesday, December 13, 2022 - 2:00 PM - 3:30 PM Eastern
This session will highlight the resources available at the U.S. Department of the Treasury and Small Business Administration to finance economic growth in distressed communities. Featured programs include the State Small Business Credit Initiative, the CDFI Fund, New Market Tax Credits, and other small business financing programs like SBA 504 and 7a.
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Job & RFP Postings |
NH Community Development Finance Authority-Accounting Coordinator
The New Hampshire Community Development Finance Authority (CDFA) is seeking an Accounting Coordinator for our programs that support the resiliency and vibrancy of Granite State communities. The successful candidate will enjoy having the opportunity for a hybrid schedule, working remotely and from our recently renovated office, steps from Concord's Main Street shops and restaurants.
NH Community Development Finance Authority-Director of Economic Development
The New Hampshire Community Development Finance Authority (CDFA) seeks a new Director of Economic Development. The successful candidate will be a thoughtful and innovative leader with a passion for identifying, fostering, and elevating successful economic and community development efforts. Based in Concord, NH, this is a hybrid position with a responsibility for projects throughout the Granite State.
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This Week's Headlines |
Congressional Leaders Head to White House for Lame Duck Planning
Politico | Nov. 29 | Legislative | Legislative Activities
Florida Contractors Register in Droves to Offer PACE Financing
Cision | Nov. 29 | Energy Finance | Property Assessed Clean Energy (PACE)
Hochul Announces $10M Gloversville, NY Downtown Revitalization Projects
The Leader-Herald | Nov. 29 | Brownfield Financing | Economic Development | Redevelopment | Water Finance
Nampa, ID Will Seek $210.2M Bond to Address Aging Facilities
IDEDNEWS.org | Nov. 29 | Bond Finance | Infrastructure Finance
FSA Microloans an Opportunity for Small, Beginning Farms
Ohio's Country Journal | Nov. 28 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)
$50M Available for Orphaned Oil and Gas Wells on Tribal Lands
Red Lake Nation News | Nov. 28 | Access to Capital | Federal | Green Finance | Legislative | Rural Development | Tribal Finance | Legislative Activities | Case Studies
Conservation Fund Program Supports Local Farms, Local Food Near Metro Areas
Forbes | Nov. 27 | Access to Capital | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs)
EPA Announces New Funding for Nationwide Brownfields TA And Research Grants
National Law Review | Nov. 27 | Access to Capital | Brownfield Financing | Development Finance Toolbox | Federal | Legislative | U.S. Environmental Protection Agency (EPA) | Legislative Activities
Kalamazoo, MI Housing Project Gets Another Boost in Funding
MLive | Nov. 27 | Brownfield Financing | Community Development | Economic Development | Housing Finance | Redevelopment
Maine Farm Loans for Underserved Groups, Beginning Farmers
centralmaine.com | Nov. 27 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | Social Finance | State Finance Program
Construction Underway at Penacook Affordable Housing Site in Concord, NH
Concord Monitor | Nov. 25 | Access to Capital | Housing Finance | Revolving Loan Funds (RLFs)
USDA Seeks Applications to Support Rural Entrepreneurs and Create Jobs
Vermont Business Magazine | Nov. 24 | Access to Capital | Economic Development | Federal | Rural Development | U.S. Dept. of Agriculture (USDA) | Case Studies | Entrepreneurial Financing | Case Studies | USDA Rural Business Enterprise Grant (RBEG) Program
Cannabis Banking Supporters Scramble to Reach Lame-Duck Deal
Politico | Nov. 23 | Cannabis Finance | Federal | Legislative | Legal & Regulatory | Legislative Activities
Feds Release Updated Marijuana Banking Info As Congress Considers Reform
Marijuana Moment | Nov. 23 | Cannabis Finance | Economic Development | Federal | Legislative
Taunton, MA Brownfield Redevelopment Fund to Clean Up Stove Factory
Taunton Daily Gazette | Nov. 23 | Brownfield Financing | Economic Development | Redevelopment | State Finance Program
Boston, MA Contributes Public Land, $60M for Affordable Housing
American City and County | Nov. 22 | Access to Capital | Federal | Housing Finance | Legislative | Urban Development | Case Studies | Legislative Activities
USDA Increases Total Funding Available for Tribes
Red Lake Nation News | Nov. 22 | Rural Development | Tribal Finance | U.S. Dept. of Agriculture (USDA) | Case Studies
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National Sponsor Spotlight |
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NW Financial Group, LLC
NW Financial Group LLC is the premier Financial Advisory / Municipal Underwriting firm in the Northeast whose experienced professionals provide unparalleled expert advice to States, Local Governments, and Authorities. The professionals that make up...
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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...
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Raza Development Fund
Raza Development Fund invests capital and creates financial solutions to increase opportunities for the Latino and poor families across the country.
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CDFA Bookstore |
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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