Development Finance Review Weekly - July 9, 2020
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Feature |
CDFA Announces the CDFA-Frost Brown Todd Infrastructure Finance Collaboration
The Council of Development Finance Agencies has partnered with Frost Brown Todd and its affiliate FBT Project Finance Advisors on the new CDFA Intro Infrastructure Finance WebCourse and the CDFA Finance Toolbox video series. This collaboration will focus on financial challenges and opportunities facing communities working to develop or upgrade energy, water, broadband, disaster recovery, transportation, and other services, and provide expert analyses to inform the development finance industry.
NMTC Coalition Releases 2020 Progress Report
The NMTC Coalition just released its 2020 NMTC Progress Report. In 2019, NMTC financing helped make 288 projects possible, and CDEs used $2.7 billion in NMTC allocation to deliver $4.5 billion in total project investment to low-income communities.
SBA and Treasury Announce Release of Paycheck Protection Program Loan Data
The SBA, in consultation with the Treasury Department, today announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made through July 6, 2020.
Senators Wicker, Bennet Introduce American Infrastructure Bonds Act
The American Infrastructure Bonds Act of 2020 would create a new class of "direct-pay" taxable municipal bonds to help struggling governments finance critical public projects in the wake of the coronavirus pandemic. The senators' proposed bonds would improve upon the model of Build America Bonds that were issued after the 2008 financial crisis to attract more investment in public infrastructure.
Annual Top 25 Opportunity Zone Influencers List Released
The prestigious insider listing of who's who in the Opportunity Zone industry – the Top 25 OZ Influencers – has been released in the latest edition of Opportunity Zone Magazine. The annual tribute showcases the industry's leading and most influential OZ professionals, who inspire and lead through their vision and innovative accomplishments.
Cleveland and Cuyahoga County, OH Officials Pour $18M Into COVID-19 Rental Assistance Program
A pair of community developers, CHN Housing Partners, and Eden, Inc., will team up with the city of Cleveland and Cuyahoga County to launch an $18 million rental assistance program funded by community block grants and the CARES Act.
OEDIT Selects Businesses for Opportunity Zone Accelerator Program
The Colorado Office of Economic Development and International Trade (OEDIT) has selected six businesses for its new Opportunity Zone Capital Accelerator Program. OEDIT partnered with the Colorado Center for Innovation for Community Capital in early May to create the new program.
UC Davis' Aggie Square Project to Bring Billions to Sacramento, CA Region
Economic analysis predicts that Aggie Square at the UC Davis Sacramento campus will add nearly $5 billion to the Sacramento region's economy each year and support 25,000 ongoing jobs.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
Four Months In, Still Lots of Questions About the Coronavirus' Impact on the Economy
From the beginning, much uncertainty surrounded the coronavirus pandemic. But almost four months after stay-at-home orders started, economists agree on little about the shape of the recovery, the timing, and where things stand right now.
SEC, MSRB Provide Guidance on Muni Advisor Exemptive Order
The Securities and Exchange Commission's temporary exemption to allow municipal advisors to arrange certain private placement deals is indeed narrow and conditions included in the order will discourage retail access to the market, regulators say.
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.
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Upcoming Webcasts |
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This Week's Headlines |
Covid-19 Relief Program Created for Black-Owned Businesses in Humboldt County, CA
KRCR 7 | Jul. 8 | Access to Capital | Disaster Recovery & Relief | Local Finance Program | Social Finance | COVID-19
IEDA Awards $21.9M for Historic Preservation
Business Record | Jul. 8 | Historic Preservation | Tax Credits
KeyBank Lines Up Freddie Mac Loan for Senior Housing
Connect Media | Jul. 8 | Bond Finance | Healthcare | Housing Finance | Member News | Social Finance
Maine Harvest Credit Union Aims to Boost Farmland Purchases
Maine Biz | Jul. 8 | Agriculture Finance | Economic Development | Food Systems Finance
PACE Funding Group Expands with the Missouri Clean Energy District
PR Newswire | Jul. 7 | Access to Capital | Energy Finance | Property Assessed Clean Energy (PACE) | State Finance Program | Property Assessed Clean Energy Bonds (PACE)
$1.5M Loan Program for Minority and Women-Owned Businesses Launched in Connecticut
New Haven Independent | Jul. 7 | Access to Capital | Disaster Recovery & Relief | Local Finance Program | Social Finance | Case Studies | COVID-19
An Overview of Ohio HB168 and the BFPD
Greater Ohio Policy Center | Jul. 6 | Brownfield Financing
DOE Better Buildings Summer Webinar Series Available Online
U.S. Department of Energy | Jul. 6 | Energy Finance | Federal | Green Finance | Resiliency | Understanding Energy Finance
EPA Announces $300K to Texarkana, TX, for Additional Clean up and Reuse of Brownfield Sites
Texarkana Gazette | Jul. 6 | Brownfield Financing | Revolving Loan Funds (RLFs)
Hardwick Awarded Clean-Up Funding for Yellow Barn Project Site
Vermont Biz | Jul. 6 | Brownfield Financing
WHEFA Bond Financing Helps Health System Acquire, Refinance in Northern Wisconsin
WHEFA | Jul. 6 | Bond Finance | Healthcare | Member News
Brownfield Infusion Will Boost West Shore Bank Project
Record Eagle | Jul. 4 | Brownfield Financing | Tax Increment Finance (TIF)
Small Minnesota Town Works to Land New Grocery Store
Star Tribune | Jul. 4 | Food Systems Finance | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF)
$100B for Rural Broadband, $70B for Clean Energy in House Infrastructure Bill
Engadget | Jul. 3 | Energy Finance | Infrastructure Finance | Legislative | Rural Development | Broadband | Transportation
Small Towns, Big Challenges
The Brookings Register | Jul. 2 | Agriculture Finance | Disaster Recovery & Relief | Economic Development | Housing Finance | Local Finance Program | Rural Development | Tribal Finance | COVID-19
What's New in Energy Efficiency Finance?
U.S. Department of Energy | Jul. 2 | Access to Capital | Bond Finance | Energy Finance | Green Finance | Infrastructure Finance | Property Assessed Clean Energy (PACE) | U.S. Dept. of Energy (DOE) | Green Bonds | Understanding Energy Finance | Energy Efficiency Programs | Property Assessed Clean Energy Bonds (PACE) | Green Bonds
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New Additions to the Online Resource Database |
Cultivating Development: Trends and Opportunities at the Intersection of Food and Real Estate
Bond Finance | Economic Development | Food Systems Finance | Revolving Loan Funds (RLFs) | Tax Credits | Tax Increment Finance (TIF)
Cultivating Development explores the mutually beneficial relationship between food-based amenities—such as working farms, community gardens, food halls, restaurants, and grocery stores—and real estate. Developers, owners, property managers, designers, investors, and others involved in real estate decision making can learn from the research, case studies, and food and development practitioner insights described in this report, thereby allowing them to create places that both support and leverage investments in food.
Paycheck Protection Program Loan Data
Access to Capital | Disaster Recovery & Relief
The SBA, in consultation with the Treasury Department, released detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made through July 6, 2020. Click here to be redirected to the online data repository.
The Quest for Better Pricing: Human + Machine
Bond Finance | Innovation Finance
PricingDirect, a wholly-owned subsidiary of JPMorgan Chase & Co, recently joined the list of companies that deploy these innovative techniques, specifically Machine Learning (ML). Leveraging J.P. Morgan's strengths in the application of ML within its businesses, PricingDirect pioneered a municipal bond pricing model that highlights the combined benefits of human and machine.
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National Sponsor Spotlight |
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Baker Tilly Virchow Krause
More than 2,800 talented and passionate individuals strong, Baker Tilly is a top 15* full-service accounting and advisory firm with specialized professionals who connect with you and your business through refreshing candor and clear industry...
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BNY Mellon
BNY Mellon is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries. Our clients include governments and their agencies, corporations, financial...
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Wells Fargo Securities
Wells Fargo Securities offers a comprehensive set of capital markets services, including originating and distributing public debt and equity, hedging interest rates and commodity and equity risks, advising on mergers and acquisitions, and...
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Partner Spotlight |
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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...
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CDFA Bookstore |
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New Members |
St. Margaret's Foundation - New Orleans, LA
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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