CDFA Illinois Financing Roundtable Newsletter - August 2014
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| Feature |
Chicago Infrastructure Trust Still Teasing with PACE
Crain's Chicago Business covers the Chicago Infrastructure Trust, whose latest push is for a commercial PACE program, designed to finance energy efficiency retrofits through a voluntary property tax assessment.
It's Official: Illinois Clean Water Initiative Doubles with New Bill
The Governor's $1B Clean Water Initiative has helped communities across the state secure low interest loans for drinking and wastewater infrastructure improvements. This new law doubles the fund capitalization to $2B, according to the Illinois Government News Network.
DeKalb, IL TIF Districts Approaching Retirement
In 2018, the tax increment financing district that covers an area in the south central portion of DeKalb will expire, leaving places that benefit from the special tax designation without money they've relied on for years, reports the Daily Chronicle.
Industry Concerns Prompt SEC to Modify MCDC Initiative
In response to concerns raised by industry participants, the SEC has made three key modifications to its MCDC Initiative, dealing with deadlines, penalties, and pre-EMMA violations.
IFA OKs $700M Bonds for University of Chicago
The Illinois Finance Authority approved $700M of tax-exempted bonds for the University of Chicago. Proceeds from sale will be used for capital projects including new student housing and to refund bonds the university sold in 2008.
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Upcoming Events |
2014 National Development Finance Summit
November 18-21, 2014 - Scottsdale, AZ
Hosted by the generous support of the Scottsdale IDA, this year's National Summit will be an amazing, can't-miss event with an in-depth look at development finance in the United States. Designed to educate both novices and seasoned development finance professionals alike, the 2014 National Development Finance Summit will touch on over 25 different financing concepts, tools, programs, strategies, and solutions to the challenges facing our country.
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CDFA Spotlight |
Congress Introduces Modernizing American Manufacturing Bonds Act
Rep. Randy Hultgren (R-IL) and Rep. Richard Neal (D-MA) introduced the Modernizing American Manufacturing Bonds Act (MAMBA) of 2014, H.R. 5319. H.R. 5319, supported by CDFA and hundreds of issuers throughout the country, is a comprehensive package that will modernize and revolutionize manufacturing bonds.
CDFA Releases Annual Volume Cap Report
The Council of Development Finance Agencies (CDFA) is pleased to announce the release of the CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends. This report provides the most complete data for the use of volume cap and issuance of cap-subject private activity bonds nationwide.
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Illinois News |
Expiring TIF District in Downtown Urbana Raises Questions
The News-Gazette | Aug. 8 | Economic Development | Local Finance Program | Tax Increment Finance (TIF) | Urban Development
Illinois Secures Valence Health Expansion with $11.9M Tax Credit
Economic Development HQ | Aug. 8 | Economic Development | State Finance Program | Tax Credits
Durbin Announces $28K for Greene County Development Project
Office of Senator Dick Durbin | Aug. 4 | Infrastructure Finance | Rural Development | U.S. Dept. of Agriculture (USDA)
USDA Grants $30M Each to 10 Microenterprise Organizations
Economic Development HQ | Aug. 1 | Access to Capital | Innovation Finance | U.S. Dept. of Agriculture (USDA)
Will Des Plaines TIF Re-Do Provide A Spark?
Journal & Topics | Aug. 1 | Local Finance Program | Redevelopment | Tax Increment Finance (TIF)
Chicago Trust Working on Streetlights, Pools, CTA 4G, and CNG Fueling
The Bond Buyer | Jul. 28 | Infrastructure Finance | Local Finance Program | Public-Private Partnership (P3) Financing
Wheeling, IL Approves TIF District Agreements
Journal & Topics | Jul. 24 | Local Finance Program | Tax Increment Finance (TIF)
River Forest Seeks $22M from State RLF for Sewer Project
Wednesday Journal | Jul. 23 | Access to Capital | Infrastructure Finance | State Finance Program | Revolving Loan Funds (RLFs)
Central Illinois Gets $18K for Rural Development
KFVS | Jul. 21 | Infrastructure Finance | Rural Development | U.S. Dept. of Agriculture (USDA)
Looking to Fund a Clean Energy Project? You Need a Green Bank
National Journal | Jul. 17 | Access to Capital | Energy Finance | Green Finance | State Finance Program
Southern Illinois Group Gets Economic Development Help
The Southern Illinoisan | Jul. 17 | Economic Development | Rural Development | U.S. Dept. of Agriculture (USDA)
Chicagoland Receives $31M Earmark for Disaster Recovery
RealEstateRama | Jul. 16 | Disaster Recovery & Relief | Redevelopment | U.S. Dept. of Housing & Urban Affairs (HUD)
$4.6M Available for Startups in Illinois Clean Energy Fund
DCEO | Jul. 11 | Energy Finance | Green Finance | Innovation Finance | State Finance Program
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New Additions to the Online Resource Database |
The 2014 Illinois Economic Development Plan
Economic Development | State Finance Program
This economic development plan, created by the Illinois Department of Commerce & Economic Opportunity, lays out a clear vision to enable Illinois to continue to be a force in the global economy by driving broad-based growth for all businesses, tackling regional economic challenges, and supporting high-potential industry clusters.
State Tax Credits for Historic Preservation
Redevelopment | State Finance Program | Tax Credits
The National Trust for Historic Preservation produced a policy report on the states' historic tax credits and what makes a state tax credit work.
CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends
Bond Finance | CDFA Original Research
This annual CDFA report reviews the use of private activity bond volume cap and the issuance of cap-subject private activity bonds in every state.
TIF Policy Guidelines for City of Chicago
Economic Development | Local Finance Program | Tax Increment Finance (TIF)
The Department of Housing and Economic Development summarizes TIF investment policies and guidelines for private development projects. Also included is information on long-term monitoring of TIF projects as well as policies governing TIF accountability.
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Sponsors |
Venue Sponsor
Annual Roundtable Sponsor
Conference Supporting Sponsor
For information about sponsoring the CDFA Illinois Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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New Members |
Kane, McKenna & Associates, Inc. - Chicago, IL
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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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net
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