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Development Finance Review Weekly - August 17, 2017

Development Finance Review Weekly
August 17, 2017
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CDFA Development Finance Review Weekly

Feature

Statler Hotel Project Finances Under SEC Investigation
Federal regulators are investigating the TIF-backed, bond financing behind the massive Statler Hotel redevelopment in downtown Dallas.

What 53 NMTC projects Say About the Treasury Program
A new compliance review of the NMTC Program, commissioned by the Treasury Department and conducted by a third party examined whether the recipients of NMTC allocations have complied with program requirements, and whether the recipients' investment activities have aligned with the objectives of the program.

EDA's Revolving Loan Program: Helping Entrepreneurs Achieve the American Dream
Obtaining the capital needed to start or grow a business can often be an impediment to entrepreneurs looking to achieve the American Dream of business ownership. The U.S. Economic Development Administration (EDA) has worked to bridge this capital gap through its Revolving Loan Fund (RLF) program.

EPA Announces Selected WIFIA Projects
The WIFIA program is inviting 12 projects to apply for more than $2 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans. This year's projects will also leverage more than a billion dollars in private capital and other funding sources.

Gov. Brown Announces Suite of OR Business Development Investments
Governor Kate Brown has announced a package of business development investments from Business Oregon's Strategic Reserve Fund. The diverse projects include investments in small business growth, rural broadband development, and entrepreneurship support among others.

Upcoming Events
Advanced Bond Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

IN Completes Takeover of P3 Road Project
Indiana completed a settlement agreement to take over a road project that's been cited as an example of the pitfalls of public private partnerships and will sell $180 million of state backed bonds next week to wrap up the financing piece of the agreement.

FL CDDs Rebuke Residents Opposing Bond Deal
Two central Florida community development districts contend their residents used "sophistry" in trying to persuade a judge not to approve the district's bonds, attorneys said in final briefs.

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.

Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: 2016 Volume Cap Report and Mid-Year Capital Markets Review
August 22, 2017 - 1:00 PM Eastern
During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, we'll take a mid-year look at the capital markets, consider the financing trends that volume cap data is showing us, and discuss what you can expect during the last months of 2017.

This Week's Headlines

Denver Airport Terminal Set for $1.8B P3 Reconfiguration
The Bond Buyer | Aug. 17 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing

Russellville, AR Considers Authorizing Issuance of IDBs
The Courier | Aug. 17 | Bond Finance

University of Pittsburgh Medical Center Seeking $750M in Tax-Exempt Bonds
Lancaster Online | Aug. 17 | Bond Finance

Billions in New Spending for Housing, Water, and Parks Considered in CA
Los Angeles Times | Aug. 17 | Bond Finance

Keybank Forms Council to Oversee $16.5B National Community Benefits Plan
Crain's Cleveland | Aug. 17 | Community Reinvestment Act (CRA) | Member News

JobsOhio Helps Drive Down the Cost of Brownfield Redevelopment
OEDA | Aug. 17 | Brownfield Financing | State Finance Program

Bonds to Fund $99M in Street Infrastructure and Water Drainage in San Antonio
News 4 San Antonio | Aug. 16 | Infrastructure Finance | Bond Finance

Hoover, AL Reinstates Industrial Development Board, Will Hire Economic Developer
AL.com | Aug. 15 | Bond Finance

Novogradac NMTC Working Group Submits Recommendations to Senate Finance Committee
Novogradac & Company | Aug. 14 | Legislative | Tax Credits

$17M Industrial Revenue Bonds Will Support Dynamic Recycling Expansion
WXOW | Aug. 14 | Bond Finance

$10M WEDC Tax Credits Support Generac Power Expansion
Lake Country Now | Aug. 14 | Tax Credits

$57M WHEFA Bond Financing Supports Agnesian HealthCare
WHEFA | Aug. 10 | Bond Finance

Municipal Market Update
Stern Brothers & Co. | Aug. 7 | Bond Finance

$27M WHEFA Bond Financing Supports LindenGrove, Inc.
WHEFA | Aug. 4 | Bond Finance

WA Community Revitalization Board Invests $2.5M in Infrastructure
State of Washington Department of Commerce | Jul. 27 | Infrastructure Finance


National Sponsor Spotlight

Bryan Cave LLP Bryan Cave LLP
Bryan Cave LLP is a leading business and litigation firm with global reach, a strong reputation and a long history of success. Their client base includes businesses, financial institutions and not-for-profit organizations, government entities and...
Business Oregon Business Oregon
Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and...
CohnReznick CohnReznick
With origins dating back to 1919, CohnReznick is the 11th largest accounting, tax and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's...

Partner Spotlight

Institute of Economic Development (IED) - United Kingdom Institute of Economic Development (IED) - United Kingdom
The Institute of Economic Development (IED) is the UK's leading independent professional body representing economic development and regeneration practitioners. Established over 30 years ago, the IED's key objective is to represent the interests of...

CDFA Bookstore

Cover thumbnail Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how a RLF program can compliment economic development strategies, encourage investment and assist traditionally underserved businesses.

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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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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
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor