CDFA is excited to offer our Intro and Advanced Tax Increment Finance Courses in the same week. This opportunity is perfect for professionals who want an in-depth look at TIF deal-making and best practices into focus and support the entire TIF community. Join us November 18-19 & November 20—register today!

The Montana Department of Commerce announced that last year, $24 million in tourism loan funding was successfully allocated to economic development organizations statewide through the Tourism Development and Enhancement Revolving Loan Fund Program. The Program creates a public-private partnership between the State and local economic development organizations. This partnership allows local EDOs to lend funding to tourism-related businesses to help generate good-paying jobs for Montanans while promoting long-term economic growth.

New Mexico officials are advancing legislation to authorize up to $150 million in tax credits aimed at attracting investment in the emerging quantum-computing sector. New Mexico Gov. Grisham's economic-development team plans to offer qualified investors a credit of up to 30% of their investment—capped at $50 million per facility—for companies and individuals putting at least $3 million into quantum-facility projects. The tax-credit vehicle is intended to complement the state's broader strategy of securing federal R&D partnerships and to retain high-tech talent and infrastructure in New Mexico.

The Affordable Housing Tax Credit Coalition has released recommended practices to guide state and local housing agencies in implementing the "25 Percent Test." The report urges Housing Finance Agencies to cap Private Activity Bond (PAB) allocations at 27.5–30% of aggregate basis, establish or enhance bond recycling programs, and prioritize PABs for multifamily housing. It also recommends incentivizing developers to return excess bond volume and creating separate Qualified Allocation Plan policies for 4% and 9% Housing Credit projects. Together, these measures aim to ensure efficient bond use and unlock the full potential to finance more than a million additional affordable homes over the next decade.

Chicago Neighborhood Initiatives (CNI) has embraced a comprehensive, place-based approach to revitalize Chicago's neighborhoods. It is one that generated a $1.5 billion economic impact and 7,800 new jobs from $693 million of investments throughout Chicago while avoiding most of these entrenched barriers. The city is prioritizing community wealth building, small business growth, and resident-led development supported by proven financing tools such as Low-Income Housing and Historic Tax Credits.

Some industry experts argue that manufactured housing holds the greatest promise for meeting our nation's affordable homeownership and rental housing challenges. Manufactured housing is the only homeownership option governed by a national uniform set of rigorous construction and safety standards—the HUD Code. Manufactured housing provisions were included in the "Road to Housing Act", a bill that the Senate recently passed as part of the "National Defense Authorization Act". The bill will now go to the House for consideration.

More than 100 Republican members of Congress urged the Trump administration to maintain operations at the Community Development Financial Institutions Fund, citing the program's role in supporting economic development in tribal, rural, and underserved communities. The fund supports roughly 1,400 community lenders nationwide, including 65 federally certified Native CDFIs that provide capital in areas where traditional banks are scarce.

The Council of Development Finance Agencies (CDFA at www.cdfa.net) seeks a motivated, well-organized and energetic individual to fill the position of Coordinator, Knowledge & Networks. This position is critical to the continued success of CDFA's education, advocacy, research, resources, and networking efforts. This position is responsible for assisting with CDFA's research projects, resource collection, information sharing, newsletter publications, headlines review, and educational efforts. This is an exciting opportunity for an enthusiastic person to contribute to a great organization, working to create economic prosperity across the country. This is a hybrid position is located in Dublin, OH.

The Business Banking Relationship Manager (BRM) is a key leadership role in the Business Banking Department responsible for managing relationships with NJEDA's lending partners, small businesses, and stakeholders, and driving business development efforts to expand the impact of NJEDA's loan products. The BRM will have direct responsibility for originating and managing loans ranging from $500,000 to $5 million and bond financing, while leading targeted initiatives and outreach activities to meet annual business development targets. The role emphasizes strategic leadership in building partnerships, advancing NJEDA's business development efforts, and maintaining the department's competitiveness in the financial services sector. The position also plays a critical role in marketing and promoting NJEDA's small business financing and grant products to ensure equitable access to capital and support sustainable lending through revenue generation.

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