Join CDFA for Our Upcoming Intro Tax Credit Finance WebCourse
Register for CDFA's Intro Tax Credit Finance WebCourse, taking place on September 25-26. Join us in learning about the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs, including new markets, low-income housing, historic preservation, and state-specific programs.
Lone Star PACE Facilitates $16.7M C-PACE Financing for Car Storage Project in Dallas, TX
Lone Star PACE, a leading administrator of Texas' Commercial Property Assessed Clean Energy Program, announced it helped arrange $16.7M in C-PACE financing for Garages of America, a luxury car storage facility in the Dallas-area suburb of Carrollton. The 125,000-square-foot facility at 2308 and 2328 Marsh Lane will include 67 luxury garage suites, six flex-office units, and a secure indoor parking facility for up to 120 vehicles.
Unlock Funding Opportunities: Join Our Greenhouse Gas Reduction Fund Readiness Workshop!
Join CDFA for an exclusive online workshop that will dive deep into the Greenhouse Gas Reduction Fund (GGRF) and its pivotal components, including the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). The GGRF Readiness Workshop will equip you with the knowledge and tools needed to navigate and leverage these significant funding opportunities effectively. Don't miss out on the chance to enhance your funding strategy and boost your project's success!
Reunion and Summit Ridge Energy Sell $40M Tax Credits to Fund Community Solar Projects
Reunion, a leading clean energy finance company, has collaborated with Summit Ridge Energy, the leading commercial solar company in the U.S., to sell approximately $40 million of transferable tax credits from a portfolio of community solar projects in Virginia. These tax credit sales were made possible by the Inflation Reduction Act of 2022. They will immediately enable Summit Ridge to expand its footprint of clean energy assets in disadvantaged communities across the U.S.
DOE Selects University Turbine Research Projects to Receive $8.8M
The U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management announced $8.8 million for 11 university-based research and development projects to improve the performance of hydrogen-fueled turbines. The selected projects will develop advanced materials and components that can better manage and withstand the extreme environment generated during hydrogen combustion to enable the use of up to 100% clean hydrogen in gas turbines for low-carbon power generation.
Solar Projects on Salem, OR-Area Farms Get Federal Backing
Three Salem-area farms and a local community solar project have received nearly $4 million in federal loans and grants to support renewable energy investments. The investments are meant to help farmers, ranchers, and rural small businesses adopt renewable energy technologies, conduct energy audits, and cut down on costs and pollution. The largest chunk of money is a loan from the U.S. Department of Agriculture's Rural Development Rural Energy for America Program which is worth $3.2 million. Additional grants will help farms set up solar infrastructure replacing 100% of their energy use with renewable electricity.
DOE Announces $127M to Advance Carbon Capture, Removal, and Conversion Test Centers
The U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management announced up to $127.5 million in federal funding to support the development of carbon dioxide (CO2) capture, removal, and conversion test centers for cement manufacturing facilities and power plants. Projects selected under this funding opportunity will support testing facilities that will further advance technologies to capture and convert CO2 into products from utility and industrial sources or remove CO2 from the atmosphere.
Major Financing Authority Returns in Arizona to Finance Projects With Bonds
The Greater Arizona Development Authority is coming back to finance projects with bonds. The bond application closes on Oct. 1, and it is primarily meant for rural and tribal areas in the state for projects ranging from libraries, water infrastructure roads, public buildings, and other purposes that require funding. The authority is planning to finance $50-100 million worth of projects this coming year through two rounds of funding, which can cover half of a project's closing costs and has the bonds paid back through tax revenues or dedicated project revenues.
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