CDFA is excited to announce the agenda for the 2025 National Development Finance Summit in San Juan, PR, October 8-10! We're proud to bring you a diverse schedule designed around the most pressing issues in our industry and inspired by our conference location: Puerto Rico. Look forward to special Puerto Rico development spotlights and collaborations with local San Juan organizations you can't get at any other conference. Check out the agenda and register today!

The Minnesota Public Facility Authority announced more than $236.4 million in loans and grants to 30 wastewater and drinking water infrastructure projects in 18 cities throughout the state, including more than $5.86 million in grant and loan funds to the city of Atwater. The Authority helps cities replace aging infrastructure and make system improvements to protect public health and improve water quality.

The inclusion of Rural Qualified Opportunity Zones (RQOZs) in the One Big Beautiful Bill is not just a good policy— it's a game-changer. RQOZs are a bold, targeted initiative that finally puts rural communities at the center of the national economic agenda, providing incentives to drive $100 billion in investments to rural and underserved communities.

The Reconnecting Communities Institute (RCI) is a U.S. Department of Transportation technical assistance center that provides free project readiness and development support to communities addressing mobility barriers caused by transportation infrastructure. Participating communities benefit from tailored one-on-one assistance, group and peer-based learning, and on-demand tools and resources. RCI helps communities address transportation barriers and improve outcomes across mobility, economic opportunity, health, safety, and community-driven decision making. Request support through the link!

At the heart of the OBBBA legislation are updates to the Low-Income Housing Tax Credit program, alongside permanent extensions to the Opportunity Zone and New Markets Tax Credit incentives. Analysts estimate these changes could support the creation of up to 1.2 million additional affordable housing units over the next decade.

The FEMA Act of 2025 reshapes how disaster assistance is managed and delivered. While it elevates FEMA's status within the federal government, the most immediate effects for local governments lie in program reforms—faster reimbursements, streamlined applications, expanded housing options, and clearer procurement rules. For residents, the changes are aimed at simplifying access to disaster aid and expanding available support.

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