Join CDFA for the Return of the Revolving Loan Fund Training Course Week!
Revolving Loan Fund Week is coming up next month, with the Intro Revolving Loan Fund Course on May 1-2 followed by the Advanced Revolving Loan Fund Course on May 3-4. Register for one or both of these courses to learn from experts about developing, implementing, and managing revolving loan fund programs that are efficient and impactful.
Largest C-PACE Financing in Philadelphia Closed on $40M for Multifamily Property
The Philadelphia Energy Authority (PEA), Nuveen Green Capital, and Southern Land Company closed on $40 million for a 329-unit multifamily property in the Callowhill neighborhood of Philadelphia at 5th and Spring Garden Streets. This is the largest C-PACE financing in Pennsylvania to date.
Now Accepting Applications for the Caren S. Franzini Fellowship
The Caren S. Franzini Fellowship was created to build leadership positions for women in the field of development finance and to inspire them to embody Caren's spirit and professionalism. Franzini Fellows accepted into the program must be employed by a CDFA member and have worked in the development finance field for less than 10 years. Applications are being accepted through Friday, April 7, 2023.
Baker Tilly and Ever.green to Create First Marketplace for Clean Energy Tax Credits
Leading advisory CPA firm Baker Tilly US, LLP and Ever.green, a clean energy project funding and tax credit marketplace, have formed a strategic collaboration to reduce the complexity of transferring clean energy tax credits. Baker Tilly brings its energy advisory services, tax expertise, and professional due-diligence excellence to the Ever.green marketplace, ensuring all transactions are vetted, secure, and compliant with regulatory requirements.
Register Today for the 2023 Federal Policy Conference!
Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!
Minnesota Lawmakers Aim to Create New ‘Green Bank' to Fund Clean Energy Projects
DFL Lawmakers announced joint legislation in the House and Senate to create a new state-funded public entity. The Minnesota Climate Innovation Finance Authority (MCIFA) would create new ways to fund energy projects. The MCIFA would use both private and public investments to help organizations overcome any financial barriers to going green, acting as a sort of "green bank" for those organizations to dip into.
Picture Becoming Clearer for the Inflation Reduction Act Tax Credits
The Inflation Reduction Act changed a wide range of tax laws and includes over $320 billion in new and expanded incentives for energy efficiency, renewable and clean energy investments, fleet decarbonization, infrastructure improvements, and other sustainability-related investments. The effective dates of various provisions began applying on January 1, 2023, and under the IRA, the changes will be implemented over an approximately 10-year plan period.
New Bill Would Allow Washington Schools to Use P3 For Energy Savings Projects
House Bill 1777 was passed unanimously by the state House. The bill, which deals with financing for school capital projects, was cosponsored by state Rep. Joel McEntire, R-Cathlamet, of the 19th Legislative District. According to McEntire, the program HB 1777 would create could be used to fund projects schools need. Their energy savings would be used to pay the cost over time.
USDA Rural Development Makes $50M Loan to AR Valley Electric Cooperative
United States Department of Agriculture (USDA) State of Oklahoma Rural Development Director Kenneth Corn went across the Arkansas border to make a $50-million loan to Arkansas Valley Electric Cooperative. The loan will help Arkansas Valley Electric Cooperative continue to improve electricity and broadband for its customers, some of whom live in LeFlore and Sequoyah counties.
Applications Open for $2.5B Program to Build EV Charging in Communities
The U.S. Department of Transportation opened applications for the Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, established by the Bipartisan Infrastructure Law, which will provide $2.5 billion over five years to fund electric vehicle (EV) charging and alternative-fueling infrastructure in communities across the country and along designated highways, interstates, and major roadways.
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