Development Finance Review Weekly - July 24, 2025

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Features

There's Still Time: Join us for the 2025 CDFA Summer Institute on August 4-8!

Say goodbye to traditional online learning and hello to a faster, smarter way to advance your career. The CDFA Summer Institute delivers a complete, comprehensive development finance education in half the time! This year, CDFA is debuting an all-new executive format—designed for busy professionals. Learn how Bonds, Tax Increment Financing, Tax Credits, and Revolving Loan Funds work—all in one week! All five courses are eligible for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Register for all five courses and fast-track your path to certification!

Hear From the Experts: CDFA Advocacy Briefing, First Look at Opportunity Zones 2.0 Recording Available

During the CDFA Advocacy Briefing: First Look at Opportunity Zones 2.0, experts discussed early news on Opportunity Zones 2.0 and answered initial questions. Originally introduced as part of the 2017 Tax Cuts and Jobs Act (TCJA), Congress has just passed legislation to renew and strengthen this successful program. Thank you to our speakers, Jason Watkins (Novogradac & Company LLP) and Ashley Tison (OZPros), who brought an energetic conversation on the future of OZs. Stay up to date—view the recording for a limited time!

Q2 Bond Market Steady Amid Volatility Shake Up

In Q2 2025, bond markets experienced modest volatility, initial turbulence eased as easing inflation data and strong labor metrics provided support. Rather than dramatic swings, markets displayed measured resilience, with diversified strategies across fixed-income sectors performing well. While long-dated government bonds carried unexpected risk, short-dated and medium-duration instruments offered stabilizing returns, particularly valuable in municipal and project finance. Overall, Q2 reinforced the importance of nimble portfolio construction and a focus on duration diversification in anticipation of policy shifts.

Rural Investment Projects Get Boost From OZ Program Overhaul

The recent passage of the One Big Beautiful Bill Act (OBBBA) made the eight-year-old federal Opportunity Zone (OZ) program permanent. However, each of the nearly 9,000 Opportunity Zones will be reevaluated every 10 years. One of the biggest changes under the new OZ 2.0 regime is an expanded focus on rural areas. Rural (QOFs) will have two significant benefits over other QOFs. If you're a relocation specialist, facilities manager, or operations manager, you will want to pay attention to these changes. Learn more!

TEDCO Taps Collide Capital to Advance Inclusive Investment with SSBCI Funds

TEDCO has selected Collide Capital to manage up to $10 million in SSBCI funding to support early-stage Maryland ventures. A $66 million Black-owned firm, Collide backs founders tackling big challenges, with over 80% from underserved communities. This move aligns with TEDCO's $50 million SSBCI strategy to foster inclusive, merit-based investment through its Venture, Seed, and Social Impact Funds, alongside 100KM and AIN Ventures.

Upcoming Events

Upcoming Webcasts

SSBCI Coalition Meeting - Virtual
July 25, 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 // BNY Development Finance Webcast Series: Manufacturing Expansion with Industrial Development Bonds
August 19, 2025 - 2:00 PM - 3:00 PM Eastern

During this installment of the CDFA // BNY Development Finance Webcast Series panelists will be presenting on the significant benefits of Industrial Development Bonds (IDBs) to both manufacturers and governmental entities. These municipal bonds are used to finance manufacturing facilities, infrastructure projects, and other industrial ventures. Whether you're in the public or private sector, learn how these bonds attract and grow manufacturing, and understand the careful consideration of risks, including project feasibility and repayment capacity, that are crucial for the successful use of IDBs in manufacturing expansion.

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National Sponsor Spotlight

	BNY BNY is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries. Our clients include governments and their agencies, corporations, financial institutions...
	U.S. Bank U.S. Bancorp (USB), with $416 billion in assets, is the parent company of U.S. Bank, the fifth largest commercial bank with more than 65,000 employees, and 3,151 offices in the United States.
	Wells Fargo Securities Wells Fargo Securities offers a comprehensive set of capital markets services, including originating and distributing public debt and equity, hedging interest rates and commodity and equity risks, advising on mergers and acquisitions, and...

CDFA Bookstore

Bond Finance Reference Guide

This Bond Finance Reference Guide combines the Intro and Advanced Bond Guides to offer a comprehensive resource on the nation's most fundamental development finance tool.

New Members

ArkP3 - Salem, OR

City of Grand Junction - Grand Junction, CO

City of Upper Arlington - Upper Arlington, OH

Conexiones Policy and Planning, LLC - Colorado Springs, CO

Lee Ogle Enterprise Zone - Rock Falls, IL

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