Development Finance Review Weekly - August 25, 2022
|
Features |
CDFA Update: The Inflation Reduction Act - What You Need to Know
Join us on August 31, for a free webinar as we discuss the recently signed Inflation Reduction Act of 2022, historic legislation that appropriates billions of dollars for federal loan and grant programs to fight climate change by investing in green resources.
Treasury Approves Four Additional State Plans Through the SSBCI
The U.S. Department of Treasury has announced that the state plans of Colorado, Oregon, New York, and Montana were approved under the State Small Business Credit Initiative (SSBCI) for up to $750 million in funds to expand access to capital for small businesses.
Register Today for the CDFA Ohio Financing Roundtable!
Join CDFA on September 14, 2022, in Columbus, Ohio for a one-day conference to share best practices within the development finance industry. Experts from across the state will discuss the latest and most innovative development finance tools, authorities, resources, and approaches, and how these can affect the Ohio economy going forward. If you have a stake in Ohio's economic development finance industry, you won't want to miss this event. Space is limited, register today!
Seven Rural Kentucky Public Transit Agencies to Split $3.2M
Seven agencies will split $3.2 million in federal funding that was awarded for projects aimed at improving rural public transit systems in Kentucky, officials said. The funding will go to agencies across the state that serve 36 counties and fund projects that include bus replacements, technology enhancements, and parking lot maintenance.
USDA Invests $121M in Critical Infrastructure to Combat Climate Change
The USDA announced that it is investing $121M in critical infrastructure to combat climate change across rural America. The investments include $111M for 289 projects to help people living in socially vulnerable communities. These investments reflect the goals of President Biden's Inflation Reduction Act, which addresses immediate economic needs and includes the largest ever federal investment in clean energy for the future.
Challis, ID Awarded $3M Loan to Rebuild Water System
The Idaho Department of Environmental Quality recently awarded a $3 million low-interest loan to Challis in Custer County to fund the construction of a new well, well house, booster station, transmission line, and to perform leak detection on waterlines.
NYC Housing Authority to Pilot Cutting-Edge Climate Technology
New York City is making a big push to change the way it heats its public housing units. State and local leaders have pledged an initial $70M investment in the development and production of 30K new heat pump units for use in the city's public housing buildings, a move that transitions the homes away from using fossil fuels.
Martinsville, IN Looking to Clean Up Abandoned Sites Through EPA Grant
The city of Martinsville has been awarded the U.S. Environmental Protection Agency's Brownfield Assessment Grant to assist with the process of assessing abandoned or underutilized industrial, commercial and municipal properties that may have released pollutants or other harmful substances to the environment.
New York Awarded $501.5M in Federal Funds to Support Small Businesses
New York State has been awarded $501.5 million in federal funds through the State Small Business Credit Initiative, which was reauthorized and expanded as part of the American Rescue Plan Act. The initiative is managed by the U.S. Department of Treasury and provides funds to support programs for small businesses, with emphasis on those still struggling from the economic impact of the COVID-19 pandemic.
|
Upcoming Events |
|
News from |
The latest municipal finance headlines from The Bond Buyer.
Bondholders Left Without American Dream Mall Debt Service Payment
Despite high hopes when the project was launched, profitability has eluded the mall since it opened its doors to shoppers in October 2019, following years of project delays and cost overruns and only months before the pandemic shuttered brick-and-mortar retailers. Holders of debt issued to fund the American Dream megamall in New Jersey have been left without a scheduled interest payment.
Construction Prices Likely to Remain High, Posing Risks for Cities, States
Cities and states facing elevated construction costs, which means fewer bids for public projects. This threatens to eat into the purchasing power of $100 billion of new annual federal infrastructure funding that will roll out over the next five years under the Infrastructure Investment and Jobs Act.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. The Bond Buyer offers CDFA State and Local Members a 55% discount off of the Issuer Rate. Contact CDFA for more information.
|
Upcoming Webcasts |
CDFA Ohio Financing Roundtable
September 14, 2022 - Columbus, OH
During this special one-day conference, we will share knowledge of best practices within the state's development finance industry. This event will feature economic development finance experts from around the state discussing the latest and most innovative development finance tools, authorities, resources, and approaches, and how these can affect the Ohio economy going forward.
CDFA // BNY Mellon Development Finance Webcast Series: Deploying Capital in Native American Communities
Tuesday, September 13, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, a panel of experts will share insights on how to preserve and grow tribal communities by unlocking development finance tools.
CDFA Infrastructure Finance Learning Series: Reviewing the Guidance
Tuesday, October 4, 2022 - 1:00 PM - 4:00 PM Eastern
Experts will join this session to provide a detailed review of the recently released guidance on the Infrastructure Investment and Jobs Act. Presentations will cover the steps to apply and provide an overall timeline for when communities can expect to access funding. This session will also continue the discussion around the utilization of IIJA funds in coordination with local funding through bond finance, tax credit programs, tax increment financing, and other development finance approaches to cover long-term project costs.
|
Job & RFP Postings |
Business Oregon-Chief Operating Officer
Business Oregon is currently hiring for a permanent, full-time Chief Operating Officer position. We are seeking a talented and visionary executive who has the leadership skills and proven experience to oversee and lead the operations of an organization. For more questions about this position, please email Lies Wattimena at Lies.Wattimena@biz.oregon.gov
The City of Norfolk-Housing Finance Specialist
The City of Norfolk is seeking a Housing Finance Specialist who will plan, develop, analyze, and prepare studies and research projects related to housing and review housing financial models and prepare recommendations for the Department leadership. The incumbent will provide sufficient detail to support departmental long-term planning, problem-solving, policy and program development and management action around neighborhood revitalization and affordable housing.
|
This Week's Headlines |
MEDC Approves Funding Support for Multiple Projects in Detroit, MI
DBusiness Magazine | Aug. 24 | Access to Capital | Brownfield Financing | Redevelopment | State Finance Program | Tax Increment Finance (TIF)
South Amboy, NJ Will Receive $4.9M for These Infrastructure Projects
My Central Jersey | Aug. 24 | Access to Capital | Community Development | Economic Development
Maryland Governor Hogan Announces SSBCI Programs Now Open
Maryland Governor's Office | Aug. 23 | Access to Capital | Development Finance Toolbox | Disaster Recovery & Relief | Economic Development | Federal | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury | COVID-19 | State Small Business Credit Initiative (SSBCI)
Waupaca County, WI Spends $4.25M in ARPA Funds on Infrastructure, Small Businesses
Waupaca Now | Aug. 23 | Access to Capital | Community Development | Disaster Recovery & Relief | Economic Development | Education | Infrastructure Finance | Revolving Loan Funds (RLFs)
Allen, OH Commissioners Approve Bonds for Mercy Health
LimaOhio.com | Aug. 22 | Bond Finance | Healthcare
Change to Small Business Administration's Market Loan Pooling Program
U.S. Federal Register | Aug. 22 | Access to Capital | Development Finance Toolbox | U.S. Small Business Administration (SBA) | SBA 7(a) Loan Program
Implementing Federal Funding for Utilities
Water Finance & Management | Aug. 22 | Access to Capital | Community Development | Development Finance Toolbox | Federal | Infrastructure Finance | Legislative | Water Finance | Understanding Access to Capital | COVID-19 | Water Finance | Legislative Activities | Case Studies
JPMorgan Boosts Lending to States and Cities in Turbulent Market
Yahoo | Aug. 22 | Access to Capital | Bond Finance | Market Reports
President Biden Signs Historic Legislation Providing Expansive Clean Energy Tax Incentives
The National Law Review | Aug. 22 | Energy Finance | Green Finance | Infrastructure Finance | Legislative | Tax Credits
The Gloversville Common Council in New York Set to Vote on $10M Sewer Plant Bond
The Leader-Herald | Aug. 22 | Bond Finance | Water Finance
USDA to Invest up to $300M in New Organic Transition Initiative
USDA | Aug. 22 | Access to Capital | Agriculture Finance | Economic Development | Federal | Food Systems Finance | Rural Development | Social Finance | U.S. Dept. of Agriculture (USDA) | Understanding Access to Capital | Programs | Ag Finance | Health
$150M in Bonds Up for Approval After Wasatch County School Board Public Hearing in Utah
KPCW | Aug. 22 | Bond Finance
New Hampshire Approves $18.5M for Water Infrastructure Projects
WaterWorld | Aug. 19 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance | Drinking Water | Sewage & Waste | State Revolving Fund
‘Transformational' $115M Mixed-Use Development Coming to Bellevue, OH Riverfront
Cincinnati Enquirer | Aug. 17 | Economic Development | Redevelopment | Tax Increment Finance (TIF)
East Moline, IL Receives Nearly $24M Grant for Downtown Revitalization Project
KWQC | Aug. 16 | Community Development | Infrastructure Finance
Hunt Capital Partners Closes $163.5M Tax Credit Fund
Affordable Housing Finance | Aug. 16 | Community Development | Economic Development | Education | Healthcare | Historic Preservation | Housing Finance | Tax Credits
Inflation Reduction Act: Tax Implications for Public Finance Transactions
Kutak Rock | Aug. 16 | Access to Capital | Bond Finance | Development Finance Toolbox | Economic Development | Federal | Tax Credits | Urban Development | Bond Volume Cap | Understanding Housing Finance | Legislative Activities
Prisma Health Refinances Health Facilities Bonds Through JEDA
JEDA | Aug. 16 | Bond Finance
|
New Additions to the Online Resource Database |
Treasury Approves Four Additional State Plans Through the SSBCI
Access to Capital | Development Finance Toolbox | Disaster Recovery & Relief | Economic Development | Federal | Social Finance | State Small Business Credit Initiative (SSBCI)
The U.S. Department of Treasury announced approval of state plans for Colorado, Oregon, New York, and Montana under the State Small Business Credit Initiative for up to $750M in funds to expand access to capital for small businesses.
|
National Sponsor Spotlight |
|
SB Friedman Development Advisors
SB Friedman Development Advisors is a real estate and development advisory firm specializing in development strategies and public-private partnerships. Founded in 1990, they work with public, private and institutional clients. Their mission is to...
|
|
Stern Brothers
Stern Brothers is the nation's largest certified 100% woman-owned business enterprise ("WBE") investment bank. As one of the few remaining independent, private investment banks in the country, they provide successful Underwriting, Private Placement,...
|
|
Stifel Nicolaus
Stifel Nicolaus, founded in 1890, 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 our public and...
|
|
Partner Spotlight |
|
The Bond Buyer
The Bond Buyer is the only independent information resource serving the municipal finance community. Every day and throughout the day, through its web site, e-newsletters and alerts, and daily print edition, The Bond Buyer reaches more than 25,000...
|
|
CDFA Bookstore |
|
New Members |
CNMI Department of Commerce - Saipan, MP
|
|
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
|
|
Archives
Displaying 1 - 30 of 781
April 11, 2024 |
April 4, 2024 |
March 28, 2024 |
March 21, 2024 |
March 14, 2024 |
March 7, 2024 |
February 29, 2024 |
February 22, 2024 |
February 15, 2024 |
February 8, 2024 |
February 1, 2024 |
January 25, 2024 |
January 18, 2024 |
January 11, 2024 |
January 4, 2024 |
December 28, 2023 |
December 21, 2023 |
December 14, 2023 |
December 7, 2023 |
November 30, 2023 |
November 23, 2023 |
November 16, 2023 |
November 9, 2023 |
November 1, 2023 |
October 26, 2023 |
October 19, 2023 |
October 12, 2023 |
October 5, 2023 |
September 27, 2023 |
September 21, 2023 |
|