Technical Assistance


CDFA Bond Finance Update - July 19, 2022

Having trouble viewing this newsletter? View it online.
Bond Finance Update
July 19, 2022
View Archives
CDFA Bond Finance Update


Join Us for the Intro Bond Finance Course
CDFA's highly acclaimed Intro Bond Finance Course is coming back this August 3 and 4 during our Virtual Summer School. This course provides an in-depth look at governmental and qualified PABs, with a focus on IDBs, 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government. Register today to secure a spot!

Alabama Closes Bond Deal to Build Mega-Prisons
Alabama on Tuesday closed a $509 million bond deal to help build two supersize prisons amid lawsuits by inmates bidding to block the project. The Alabama Finance Department confirmed that the bond sale, which had been approved last month, was finalized. The deal closure comes after criminal justice reform activists had strived for more than a year to disrupt the sale.

Meriden Housing Authority in Connecticut Authorizes $129M in Bonds for Projects
The Meriden Housing Authority Board of Commissioners voted 3-2 to issue bonds on behalf of the Maynard Road Corp. to develop 100 apartment units, a black box theater and commercial space for no more than $75 million. The MHA board also approved by a 3-2 margin a resolution to issue up to $54 million in bonds for the Yale Acres Community Center project. 

New Jersey School Board Unanimously Approves $37M School Bond Issuance
The Summit Board of School Estimate unanimously approved the Board of Education's $37 million bond project proposal at a meeting at the high school in early July. In addition to a handful of school administrators, there were only a few members of the public in attendance.

Bluffton, SC Issues TIF Bond for Capital Improvements in Renovation Project
The town of Bluffton unanimously voted to approve the nearly $60.5 million budget for fiscal year 2023, which includes a proposed TIF bond that will accelerate the much-anticipated completion of the New Riverside Barn Park. This project would renovate the barn to create an event space plus parking, trails, open fields for community events, site furnishings, destination playground, lighting, landscaping, and safety cameras.

Ice Arena Proponents in Massachusetts Address Concerns About Additional $10M Bond
The community room at the Watertown Police Department was packed with citizens interested in learning more about a proposed $10 million bond for the multi-purpose ice arena during the public presentation Thursday. The city has committed $25 million to the project, which includes $20 million in bonds and $5 million in local funds.

Newton Board in Georgia Haggles Over SPLOST Projects
Newton County commissioners Wednesday added to projects already recommended for funding with SPLOST proceeds for the next six years. The Board of Commissioners agreed they wanted county officials to find ways to finance the completion of renovations to the former Cousins School complex and give money to the 278 Community Improvement District and the nonprofit Newton Trails organization

Dulles, VA Airport Among Largest Beneficiaries of Infrastructure Bill
Dulles International Airport will receive $49.6 million to help fund a new regional airline concourse, among 85 airports receiving part of a nearly $1 billion grant stemming from last year's infrastructure bill approved by Congress. The funding puts Dulles one step closer to the construction of a new Concourse A, which serves United Airlines' regional flights. 

Market Reports

Capital Market Insights
Wye River Group | Jul. 13 | Bond Finance | Market Reports

Weekly Market Outlook
Moody's Analytics | Jul. 13 | Bond Finance | Market Reports

Upcoming Events
CDFA Virtual Summer School

CDFA Infrastructure Finance Learning Series: Preparing for Federal Grant Applications
Tuesday, August 9, 2022 - 1:00 PM - 4:00 PM Eastern
Applying for federal grants is a competitive process that requires a significant amount of time and planning prior to submission. It is essential for applicants to know how to navigate the available funding sources and prepare the necessary information to apply well in advance. This session will provide guidance and best practices on the various components of a federal grant application.

CDFA-Bricker Webinar Series: Solar Projects
Thursday, August 11, 2022 - 2:00 PM - 4:00 PM Eastern
This webinar will provide an overview of tax abatements typically used by solar developers, with a focus on examples from the state of Ohio, and panelists will also discuss how abatements and payment-in-lieu-taxes agreements interplay with state permitting processes.

News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

LA Airport Received One of the Largest Grants in a Federal Outlay
Los Angeles International Airport received a $50 million grant from the federal infrastructure bill for terminal road improvements, among the largest dispersed from the $1 billion allocated to 85 airports nationally.

Bans on Bond Proceeds Used for Religious Purposes May Now Be Unconstitutional
The court ruled last month that if a state chooses to subsidize private education, it cannot disqualify some private schools solely because of religious affiliation. The ruling could change the way some issuers go about certain financings, public finance lawyers said.

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.

Bond Finance Headlines

Muncie, IN OKs $3.5M Bond Issue By MRC As Discussion Shifts to Park Needs
Star Press | Jul. 13 | Bond Finance | Community Development | Infrastructure Finance

Washington County Committee in Arkansas Backs $100M Jail Expansion Project
Northwest Arkansas Democrat Gazette | Jul. 13 | Bond Finance

Lutheran Homes of South Carolina Uses $27.5M in JEDA Bonds for Expansion, Refinancing
JEDA | Jul. 13 | Bond Finance | Housing Finance

$4.2B Bond Act Touted As Path to Green Jobs and Climate Measures
Niagara Gazette | Jul. 13 | Bond Finance | Energy Finance | Green Finance | Infrastructure Finance

Wake County, NC Voters to Decide on $884M Schools Bond This Fall
CBS17.com | Jul. 13 | Bond Finance

California Muni to Receive State Grants to Help Replace Its Aging Train Control System
Mass Transit | Jul. 11 | Bond Finance | Infrastructure Finance

Montgomery County Commissioners in Pennsylvania Give Update on ARPA Spending
WFMZ-TV 69News | Jul. 11 | Bond Finance | Infrastructure Finance

Challenge to Woodville, TX School District $47.85M Bond Lands in Court
KJAS | Jul. 7 | Bond Finance

Coon Rapids, MN to Scale Back Street Reconstruction Program
ABC Newspapers | Jul. 7 | Bond Finance | Infrastructure Finance

Patterson Council in California Makes Decision on Road Program
St. Mary Now | Jul. 6 | Bond Finance | Infrastructure Finance

Phoenix, Arizona Preparing $500M Bond Package for November Ballot
The Foothills Focus | Jul. 6 | Bond Finance | Community Development | Infrastructure Finance

Huntsville, AL Paints Positive Picture of TIF Performance
City of Huntsville | Jun. 24 | Bond Finance | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Denver, CO Airport Plans to Issue Nearly $4B in Debt As It Looks Ahead to More Projects
Brush, Colorado News-Tribune | Jun. 23 | Bond Finance | Economic Development

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 visit CDFA.net or email info@cdfa.net

For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


Displaying 1 - 30 of 167

May 21, 2024
April 16, 2024
March 19, 2024
February 20, 2024
January 16, 2024
December 19, 2023
November 21, 2023
October 17, 2023
September 19, 2023
August 15, 2023
July 18, 2023
June 20, 2023
May 16, 2023
April 18, 2023
March 21, 2023
February 21, 2023
January 17, 2023
December 20, 2022
November 15, 2022
October 18, 2022
September 20, 2022
August 16, 2022
July 19, 2022
June 21, 2022
May 17, 2022
April 19, 2022
March 15, 2022
February 15, 2022
January 18, 2022
December 21, 2021

CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor