Join CDFA as we kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 25-26, 2023! This course is the foundation for all of CDFA's educational offerings and will help attendees understand the variety of development finance tools available including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, Opportunity Zones, and access to capital lending resources.

Colorado businesses will be reimbursed for up to 20 percent of monthly operating expenses for manufacturing modular and kit homes under a new $40 million state program. The Innovative Housing Incentive Program was established under House Bill 22-1282, which was passed during the last legislative session with bipartisan support. Under the program, eligible businesses can receive a reimbursement of up to $350,000, or up to $450,000

The CDFA Minority Capital Loan Guarantee Program is a 10-year, $18 million loan guarantee program, supported by the Robert Wood Johnson Foundation, to help development finance agencies in the United States deliver capital in a more equitable manner. CDFA is now accepting proposals from those interested in participating in the program. To be considered, download the Call for Proposals for submission criteria and register to attend the informational webinar on February 7 at 2 PM (Eastern).

Rep. Henry Cuellar hosted a webinar with representatives from the U.S. Department of Agriculture (USDA), the U.S. Bureau of Reclamation, and the Texas Water Development Board to discuss funding opportunities for improving local water infrastructure. The USDA water and environmental programs are designed to provide affordable financial assistance to rural areas and towns to develop water supply, sewage, stormwater, and solid waste disposal.

New York Governor Kathy Hochul announced $143 million in financial assistance for seven water infrastructure improvement projects, the latest action to upgrade New York's water and sewer systems, reduce water pollution, and safeguard vital drinking water supplies.

USDA Rural Development Maine State Director Rhiannon Hampson announced that eight businesses are receiving a total of $514,000 in grants through the Rural Energy for America Program. These grants are in addition to an $82.4 million Hampson announced earlier in the month to combat climate change, invest in infrastructure, expand economic opportunities, and rehabilitate homes in rural Maine.

Four projects in Aiken County are set to receive $10.34 million from the $1.7 trillion bill that will fund the federal government next fall. The bill includes funding for the expansion of the water treatment plant, construction of a new water plant, improvements to health care access at Rural Health Services, and firefighting equipment upgrades.

The North Carolina Department of Commerce awarded 30 Community Development Block Grant - Neighborhood Revitalization fund requests to 27 local governments totaling $42.3 million. The requests will provide housing and public improvements for low- and moderate-income North Carolinians. This year's awards include $5 million in funding that was earmarked by the N.C General Assembly exclusively for the Rural Community Development Fund.

CDFA // BNY Mellon Development Finance Webcast Series: P3 Financing Approaches for Broadband Infrastructure
Tuesday, February 21, 2023 - 2:00 PM - 3:00 PM Eastern

CDFA Food Systems Finance Webinar Series: Bonds & Food Systems
Tuesday, February 28, 2023 - 2:00 PM - 3:30 PM Eastern

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