CDFA Releases 2018 Policy Agenda
The Council of Development Finance Agencies is pleased to announce the release of the 2018 CDFA Policy Agenda. The policy areas highlighted seek to address market-based challenges to capital formation, access, and private leverage. To view the agenda, click here.
Senate Passes S. 2155, Approves Treatment of Munis as HQLA
The Senate has passed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), a bill that would, among other things, treat investment grade municipal securities that are readily-marketable as level 2B liquid assets
MassDevelopment Issues $65M Tax-Exempt Bond
NEC Member MassDevelopment recently issued a $65.6 million tax-exempt bond for Lawrence General Hospital, an acute care community hospital serving the Merrimack Valley region in Massachusetts.
Boynton Beach, FL Moves Forward with $118M Redevelopment
Boynton Beach officials have given the final OK to pay about $118 million to redevelop 16 acres off Boynton Beach Boulevard into a pedestrian-friendly, town center to live, work and play.
PFA to Provide $140M in TEBs for Hotel Project
The Public Finance Authority will issue $140 million of tax-exempt bonds on behalf of the Lombard Public Facilities Corporation to refinance the Westin Lombard Yorktown Center in Lombard, IL. The restructuring frees up money to reinvest millions in necessary facility upgrades and improvements to the hotel.
Submit Your Proposal to Present at the 2018 CDFA National Summit
CDFA needs your help to source deals, projects and programs and will be accepting submissions for potential deals, projects and program presentations. If selected, each speaker will be given one complimentary registration to attend the CDFA National Summit.
Ameresco Partners with School District for Energy Contract
Ameresco is assisting the district with securing incentives, tax credits, loans and bonds, and has already helped the District in securing an SB1149 reimbursement of nearly $550,000 for the project, as well as Energy Trust of Oregon (ETO) incentives totaling around $70,000.
Combining TEBs with P3s under Current Law
Micheal Cullers of Squire Patton Boggs provides insight into how a typical stadium bond deal structure can provide a pathway for P3 projects to access tax-exempt debt.
New York Authority Issuing $18.5M in Solar-Panel Bonds
The New York State Energy Research and Development Authority is issuing a new round of green revenue bonds totaling $18.5 million to finance local residential solar-panel installations.
Olympic Legacy Foundation Requests $19.5M Issuance
The Olympic Legacy Foundation requested the county serve as a conduit for a $19.5 million tax-free municipal bond to finance infrastructure projects in Summit and Salt Lake counties.
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