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CDFA Revolving Loan Fund Finance Update - October 10, 2023

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Revolving Loan Funds Update
October 10, 2023
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Revolving Loan Fund Finance Update

Features

2023 CDFA National Development Finance Summit Early Bird Rates Ending
The 2023 CDFA National Development Finance Summit is one month away and this is your last chance to lock in early bird pricing. Register by October 13 to save! We're excited to see you in Philadelphia!

Brownfield Funding Aimed at Jump-Starting Downtown New London, WI Development
The city of New London, Wisconsin will soon begin disbursing $800,000 in federal brownfield clean-up funding through a new revolving loan and grant program as part of an ongoing effort to jump-start the stalled redevelopment of vacant and underused downtown properties.

Share Your Experience Lending to the Food System - Short Survey for CDFA Research!
CDFA is researching the feasibility and market demand for a national food systems loan guarantee program to help unlock investment for food- and agriculture-related businesses and projects. This research includes surveying loan funds operated by private, public, and quasi-public development finance agencies (DFAs) around the country to learn more about existing lending programs. Please take a few minutes to share your expertise in this short survey!

U.S. EPA Announces Availability of $7.5B for Water Infrastructure
The U.S. Environmental Protection Agency (EPA) announced $7.5 billion in available Water Infrastructure Finance and Innovation Act (WIFIA) funding. This innovative low-interest loan program helps communities invest in drinking water, wastewater, and stormwater infrastructure while saving millions of dollars and creating good-paying local jobs. To date, EPA's WIFIA program has announced $19 billion to help finance 109 projects nationwide.

Over $217M Allocated for Arkansas Water and Wastewater Projects
The Arkansas Department of Agriculture's Natural Resources Commission approved more than $217 million in financial assistance for 16 water and wastewater projects serving more than 622,472 Arkansans.

New Revolving Loan Fund to Develop Meat Production in North Dakota
To help improve rural communities in North Dakota, the Rural Development Finance Corporation is launching a revolving loan fund to establish more meat and poultry processing centers. The company received a $10 million grant from the U.S. Department of Agriculture (USDA) to work with start-up facilities by providing low-interest loans for meat production.

FEMA Rolls Out Climate Adaptation Loans for Small, Overlooked Communities
The Federal Emergency Management Agency (FEMA) announced a new loan program that will give states a total of $500 million to dole out to local governments in the form of low-interest loans for small-scale adaptation projects. The local governments can use that money to buy out homes that are in the path of fire or flood, elevate streets, or repair water infrastructure. 

Louisiana to Receive $6.9M for Resilience RLF Under Bipartisan Infrastructure Law
Louisiana is receiving $6.9 million from the Federal Emergency Management Agency (FEMA) from the Infrastructure Investment and Jobs Act (IIJA) for a Resilience Revolving Loan Fund (RLF) Program. The program supports mitigation projects at the local government level to reduce vulnerability to natural disasters. Louisiana will receive the largest amount of any state in this round of Resilience RLF Program funding.

Upcoming Events
CDFA National Development Finance Summit

CDFA // BNY Mellon Development Finance Webcast Series: Financing Water Infrastructure Projects
October 17, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, presenters will examine how communities across the country are addressing challenges in financing water infrastructure projects.

CDFA Tribal Finance Webinar Series: Funding Healthcare Facilities on Tribal Nation Reservations
October 24, 2023 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Tribal Financing Webinar Series, speakers will discuss financing tools and programs that tribal nations are using for healthcare facilities that better serve their unique community needs.

Headlines

Hermitage, PA Eases Access, Raises Amounts for Business Loan Fund
The Herald | Oct. 9 | Economic Development | Revolving Loan Funds (RLFs)

New York Provides $6.6M From Drinking Water State Revolving Fund to Two Villages
Buffalo News | Oct. 7 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program | Water Finance | Water Finance | Drinking Water | State Revolving Fund

U.S. EPA Invests $336M in Wastewater Infrastructure Improvements in New York
U.S. Environmental Protection Agency | Oct. 5 | Federal | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA) | Water Finance | Water Finance | EPA Revolving Loan Fund Grants | EPA Revolving Loan Fund Grants

Tennessee Grants $16.5M in Low-Interest Water Infrastructure Loans
The Rogersville Review | Oct. 5 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Rutland City, VT Mayor Announces New Loans to Rehab Rental Housing
vtdigger | Oct. 3 | Federal | Housing Finance | Revolving Loan Funds (RLFs)

$6.4M for Florida Small Businesses Following Hurricane Idalia
The Floridian | Oct. 3 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Revolving Loan Funds (RLFs) | State Finance Program

Waitsfield, VT Focuses Initially on Engineering Wastewater for Village
The Valley Reporter | Oct. 2 | Revolving Loan Funds (RLFs) | Water Finance

Colorado Announces First Recipients of Landmark Cannabis Loan Program
OEDIT | Sep. 28 | Cannabis Finance | Revolving Loan Funds (RLFs)

Loan Fund Now Available to Downtown Plattsburgh, NY Businesses
Press-Republican | Sep. 26 | Economic Development | Revolving Loan Funds (RLFs)

Illinois EPA Receives $139M Grant to Improve State's Drinking Water
KHQA 7 | Sep. 26 | Development Finance Toolbox | Infrastructure Finance | Legislative | Revolving Loan Funds (RLFs) | Water Finance | Water Finance | Drinking Water | State Revolving Fund

Steward Closes $1.19M in Funding for Multi-Generational Georgia Farm
Newswire | Sep. 19 | Access to Capital | Agriculture Finance | Crowdfunding | Revolving Loan Funds (RLFs) | Resiliency

Michigan Awarded $81.2M in Water Infrastructure Grants
WaterWorld | Sep. 18 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program | Water Finance | Revolving Loan Funds (RLFs) | Water Finance | Drinking Water | Sewage & Waste | State Revolving Fund

Kentucky Agricultural Finance Corp. OKs $2.4M in Loans
Grayson County News | Sep. 16 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

Pennsylvania Allocates $2.2M in New PIDA Loans
My ChesCo | Sep. 11 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

New York Launches $20M State Energy Financing Fund
New York State Energy Research and Development Authority | Sep. 11 | Energy Finance | Green Finance | Revolving Loan Funds (RLFs) | State Finance Program | U.S. Dept. of Energy (DOE)



The Council of Development Finance Agencies (CDFA) 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, visit www.CDFA.net or email 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
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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