Development Finance Review Weekly - April 20, 2017
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Feature |
Banks Were Held Accountable to More Neighborhoods in 2016
National Community Reinvestment Coalition say they are starting to see the impact from working with banks and developing community reinvestment plans that help banks meet their requirement under the Community Reinvestment Act (CRA).
Small Business Credit Survey
To learn more about business conditions and the financing needs of small businesses, the 12 Federal Reserve Banks collaborated on the 2016 Small Business Credit Survey (SBCS). The survey, conducted between September and December of 2016, gathered responses from more than 10,000 firms in all 50 states.
Millennials' Investment Strategy Could Be a Boon for Government
A survey showed that 65 percent of millennials care more about social and environmental issues than they care about investment returns. If state and local finance managers tell their story correctly, they'll have access to a new and robust pool of potential investors.
Bipartisan Support Grows for Carbon Capture PABs
The Carbon Capture Improvement Act, introduced by Sen. Rob Portman (R-OH) and Michael Bennet (D-CO), would authorize states to use private activity bonds to help finance carbon capture equipment. A companion bill was introduced in the House by Rep. Carlos Curbelo (R-FL) and Marc Veasey (D-TX).
Taking Stock of the Community Development Block Grant
This brief from the Urban Institute, takes stock of the evidence surrounding the CDBG program, and makes recommendations for how it should look moving forward.
Akron Revitalization RLF Gets Boost from New Donations
Several community members — Paul Thomarios, Paul Testa, David Brennan and the Development Finance Authority of Summit County — contributed grants totaling $70,000. Those grants come on the heels of two $100,000 grants from Akron Children's Hospital and FirstEnergy Corp. at the end of March.
CDFA Opposes Legislation that Threatens PACE
CDFA sent a letter to the members of the Senate Banking, Housing, and Urban Affairs committee encouraging them to oppose S. 838, the "PACE" Act of 2017. The bill would subject PACE to TILA regulations, which would effectively kill this innovative financing tool.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
Infrastructure Funding Confusion Muddies Debate: Friedlander
The effort to determine how to pay for the restoration of America's crumbling roads and bridges is being hindered by the failure of policymakers to distinguish between the funding and the financing of infrastructure projects, according to veteran municipal market strategist George Friedlander.
MSRB to Mull MA Impact Analysis, Critical Comments at Meeting
MSRB members meeting next week will discuss the framework for an analysis of the costs and burdens of rules affecting municipal advisors as well as recent critical comments on a number of proposals. At its quarterly meeting scheduled for April 26 and 27, the MSRB also will review its rules relating to primary offering practices and discuss current initiatives to add data and market tools to its EMMA system.
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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CDFA Spotlight |
CDFA Announces 2017 National Sponsors: 26 Prestigious Firms Supporting CDFA
The Council of Development Finance Agencies (CDFA) is proud to announce the support of twenty-six prestigious National Sponsors for 2017.
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Upcoming Webcasts |
CDFA // BNY Mellon Webcast Series: Financing Historic Theater Redevelopment
May 16, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, CDFA has partnered with Heritage Ohio to explore the wealth of financing tools available to redevelop historic theaters, including 501(c)(3) bonds, TIF, tax credits, and other creative programs. Join us for this special discussion as we highlight success stories from historic theaters across the U.S.
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This Week's Headlines |
Rivian Automotive Deal Moving Ahead
Intersect Illinois | Apr. 20 | Economic Development
Trilliant Networks Moving Global Headquarters to Research Triangle
The Stanly News & Press | Apr. 19 | Economic Development | State Finance Program
OKC Extends Life of Area's TIF District
NewsOK | Apr. 19 | Tax Increment Finance (TIF) | Redevelopment
Retail Projects in Midwest City on the Rise Thanks to TIF
NewsOK | Apr. 19 | Tax Increment Finance (TIF)
Controversial TIF to be Used for Houston Transit Project
Houstonia | Apr. 19 | Tax Increment Finance (TIF) | Redevelopment
Michigan Endowment to Invest $50 Million in Tech-Lending Fund
Bloomberg | Apr. 18 | Access to Capital | Innovation Finance
Sen. Murphy Highlights Importance Of Federal Cleanup Cash During Ansonia Tour
Valley Independent Sentinel | Apr. 18 | Brownfield Financing
Costs Push Seattle Arena Bidders to Opposite Tactics
Sportspress | Apr. 18 | Bond Finance
Highway Trust Fund in Danger of Bankruptcy
The Bond Buyer | Apr. 18 | Infrastructure Finance | Legislative
Ailing Highway Trust Fund Needs More Revenues to Avoid Bankruptcy by 2020
The Bond Buyer | Apr. 18 | Bond Finance | Federal | Infrastructure Finance
State and Local Groups Urge Congressional Action on HQLA Bills
The Bond Buyer | Apr. 18 | Bond Finance | Federal | Legislative
Phoenix Considers $9M Tax Break for Roosevelt Row High Rise
AZ Central | Apr. 18 | Incentives
Legislation Seeks to Define Munis as HQLA
The Bond Buyer | Apr. 17 | Bond Finance | Legislative
DCI and DURA Team up for Vibrant Downtowns Event
Downtown Colorado Inc. | Apr. 17 | Economic Development
OR Bills Aim to Address Concerns of Solar Tax Credit Awards
Portland Business Journal | Apr. 14 | Energy Finance | Tax Credits
West Bend Officials Expand Eligibility for RLF
gmtoday | Apr. 14 | Revolving Loan Funds (RLFs)
Rehabilitation Tax Credit Turning NY's Historic Buildings Into Community Assets
WXXI News | Apr. 14 | Tax Credits | Historic Preservation | Redevelopment
CA Approves $91M in Tax Breaks for 114 Firms
The Washington Times | Apr. 13 | Incentives
State Historic Tax Credits Assist Renovation of Dayton Building
Dayton Business Journal | Apr. 13 | Historic Preservation | Tax Credits
Lexington, SC, County Council Denies City of Cayce TIF Request
Cola Daily | Apr. 11 | Tax Increment Finance (TIF)
Tool to Help Akron Grow, or How to Turn $2M into $14M
Akron Beacon Journal | Apr. 10 | Bond Finance
In TN Standardizing TIF a Complicated Task
Bristol Herald Courier | Apr. 3 | Tax Increment Finance (TIF)
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Job & RFP Postings |
Hiring: 504 Loan Officer - Colorado Lending Source
Hiring: Program Specialist - Colorado Lending Source
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National Sponsor Spotlight |
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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...
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Baker Tilly Virchow Krause
More than 2,700 professionals strong, Baker Tilly is a full-service accounting and advisory firm with specialized professionals who connect with you and your business through refreshing candor and clear industry insight. Their focus on industry and...
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Ballard Spahr LLP
Ballard Spahr is a national firm with more than 500 lawyers in 14 offices in the United States. They provide results-driven counsel and exceptional service in Litigation, Business and Finance, Real Estate, Intellectual Property, and Public Finance.
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Partner Spotlight |
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informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...
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CDFA Bookstore |
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Tax Credit Finance Reference Guide
The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.
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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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