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Development Finance Review Weekly - June 8, 2017

Development Finance Review Weekly
June 8, 2017
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CDFA Development Finance Review Weekly

Feature

NMTC Makes $550M Impact in AL over 10 Year Period
The New Market Tax Credit program had a $557.4 million impact on Alabama over a 10-year span, according to a recent report. More than 30 businesses and revitalization projects received NMTC financing in Alabama in that time span, which created 2,823 construction jobs and 3,036 full-time jobs, the report shows.

Tax Plan Will Not Harm Munis, According to White House
The White House stated in a recent meeting that its tax reform plan will not harm the tax exemption for municipal bonds.

Exploring the Impact of the Port of Greater Cincinnati
Over the past 15 years, the Port Authority has been involved in transformative projects throughout Downtown and Over-the-Rhine. These projects have reshaped the skyline, revived historic structures for a new century, and created new regional anchors and cultural institutions.

TNECD Announces Asset Enhancement Grant Recipients
Tennessee Department of Economic and Community Development announced today that 20 communities will receive Asset Enhancement Grants. The grants help distressed counties take steps to improve unemployment rates, per capita income, poverty rates and other economic measures.

$17.5M JEDA Bonds Finance New Business School Building at The Citadel
The Series 2016 Economic Development Revenue Bond issue will help pay for construction, acquisition and equipping of Bastin Hall, a 43,950-square-foot facility consisting of classroom and administrative space which will house the Tommy and Victoria Baker School of Business at The Citadel.

$16M IDA Bonds May Support New St. Louis County Athletic Facility
The St. Louis County Economic Development Partnership has offered an informal commitment of $16 million in tax exempt Industrial Development Authority bonds to support a 74-acre development of indoor sports domes with basketball and volleyball courts, indoor softball and little league fields.

Environmental Issues Surround $1B Watts Redevelopment Project in Los Angeles, CA
Amid growing environmental concerns, a groundbreaking ceremony was held Monday afternoon for the first phase of a $1 billion redevelopment of the Jordan Downs public housing project in Watts.

Upcoming Events
CDFA Summer School
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Trump's $1T Infrastructure Plan Requires State, Local Match
States and local governments would have to match the federal funding in the administration's proposed $1 trillion infrastructure plan to participate in the renewal effort, President Trump said Wednesday in a speech in Cincinnati.

Analysts: Muni Disclosure Varies by Sector
Investor analysts had high praise for the quality of disclosure in the healthcare and senior living spaces generally, but had more mixed responses when it came to charter schools and certain revenue and general obligation debt for governments and essential services, particularly for smaller or less frequent issuers.

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 Brownfields Financing Webinar: Reviving Commercial Activity on Former Manufacturing Sites
June 15, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.

CDFA // BNY Mellon Webcast Series: Financing the Nation's Transportation Needs One Community at a Time
June 13, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our experts will discuss financing structures that communities are deploying to fund infrastructure improvements.

This Week's Headlines

Sherman, TX Issues $6M for Utilities
The Bond Buyer | Jun. 8 | Bond Finance | Infrastructure Finance

Greater MN Housing Fund Launches Impact Investment Fund
Philanthropist News Digest | Jun. 8 | Social Finance

Florida Community Loan Fund Closes on NMTC Project
Florida Community Loan Fund | Jun. 7 | Tax Credits

Martinsville, VA, to Spend $3.8M Less Than Expected on Sewer Repairs
Martinsville Bulletin | Jun. 7 | Infrastructure Finance | Water Finance | Revolving Loan Funds (RLFs)

Pitt Eyes Venture Capital And State Investment For Life Sciences Industry
WESA | Jun. 7 | Access to Capital | Innovation Finance

MD EV Tax Credit Extended Three Years
Plug In Sites | Jun. 7 | Tax Credits

AZ a Top State for Private Equity Investment
Phoenix Business Journal | Jun. 5 | Innovation Finance

VT Senators Announce $700K in Brownfield Grants for Southern Vermont
VT Digger | Jun. 5 | Brownfield Financing

$12.67M WHEFA Bond Financing Supports Odd Fellow
WHEFA | Jun. 5 | Bond Finance

CO Companies Attracted $16.1B in Venture Capital in 2016
BizWest | Jun. 5 | Innovation Finance

AL's Revamped Historic Tax Credit Will Support Smaller Cities
Alabama,com | Jun. 4 | Brownfield Financing | Historic Preservation | Tax Credits

Tax Credit Eligibility For Qualified Businesses Bill Clears Committee in NJ
Public. | Jun. 2 | Tax Credits | Economic Development | Incentives


National Sponsor Spotlight

Alaska Industrial Development and Export Authority Alaska Industrial Development and Export Authority
AIDEA is a public corporation of the State of Alaska, created in 1967 by the Alaska Legislature "in the interests of promoting the health, security, and general welfare of all the people of the state, and a public purpose, to increase job...
Stifel Nicolaus Stifel Nicolaus
Stifel Nicolaus is a full-service securities firm dedicated to development finance. Stifel Nicolaus has developed innovative public financing structures for private developments, saving millions of dollars for their public and private sector clients.
Wilmington Trust Wilmington Trust
Wilmington Trust Corporation provides financial, wealth advisory, corporate, and institutional client services. The company's wealth advisory services include personal trust administration, financial planning, fiduciary, private banking, and family...

Partner Spotlight

Association of Development Financing Institutions in Asia and the Pacific Association of Development Financing Institutions in Asia and the Pacific
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is the focal point of all development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Its mission is to...

CDFA Bookstore

Cover thumbnail Practitioner's Guide to Economic Development Finance 2nd Edition
The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

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