Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!

To mark the second anniversary of the American Rescue Plan (ARP), the U.S. Department of the Treasury released a report with new data illustrating the extent to which this funding supported both immediate pandemic recovery and long-term economic growth. The ARP catalyzed investments in community development that will extend well beyond the deployment of federal resources and laid the foundation for other historic investments in our nation's economic future.

The Los Angeles International and Hollywood Burbank have received $31 million and $30 million, respectively, from the Bipartisan Infrastructure Law. The $31 million for LAX is earmarked for the terminal roadways project that's part of the $5.5 billion ground access overhaul now well under way. Other overhaul components include a $2 billion automated people mover project nearing completion and a $1 billion consolidated car rental facility.

Triggered by the pandemic, housing prices in cities and counties across the United States have skyrocketed. Between the fourth quarters of 2021 and 2022, house prices rose 8.4 percent, according to data from the Federal Housing Finance Agency. The latest budget proposal from the White House seeks to curb those rising costs and provide low-income residents with a path to homeownership through a more than $175 billion investment.

The Nebraska Enterprise Funds is about to launch a new initiative with State Small Business Credit Initiative funds that will focus primarily on Social, Economic, and Disadvantaged Individual (SEDI) business owners. This includes those subjected to racial or ethnic prejudices or who've had diminished access to credit due to their gender, veteran status, limited English proficiency, disability, Tribal membership, or long-term residence in a rural community or an economically disadvantaged area.

U.S. Senators Chris Coons (D-Delaware) and John Cornyn (R-Texas) on March 2 reintroduced their bipartisan Hydrogen Infrastructure Initiative, a package of four bills to support the adoption of hydrogen in energy-intensive sectors. The Hydrogen Infrastructure Initiative is comprised of four pieces of legislation that provide targeted support to high-value end-use applications of hydrogen and the buildout of infrastructure needed to transport, store and deliver hydrogen. 

St. Louis leaders recently announced a new multi-million dollar "Economic Justice Accelerator" to attract private capital in support of efforts to close the wealth gap. The city's strategic plan steers support to specific neighborhoods, targeting a racial divide in wealth and income, where Black workers earn half what their white counterparts make and have 10% as much wealth as a white households, according to an 87-page action plan published by SLDC.

CDFA was honored to serve on the advisory group for a new report - Soil Wealth Areas: Place-based Financing for Conservation, Rural Communities, and Regenerative Agriculture - a new model for special purpose financing districts that can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. Congratulations to Croatan Institute on this important project!

The City of Norfolk is seeking a Housing Finance Specialist. The Housing Finance Specialist will plan, develop, analyze, and prepare studies and research projects related to housing and review housing financial models and prepare recommendations for the Department leadership. The incumbent will provide sufficient detail to support departmental long-term planning, problem-solving, policy and program development and management action around neighborhood revitalization and affordable housing.

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