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Development Finance Review Weekly - March 5, 2026

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Development Finance Review Weekly
March 5, 2026
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CDFA Development Finance Review Weekly

Features

2026 CDFA Federal Policy Conference: CDFA's Room Block Closing Soon!
CDFA is excited to return to Washington, D.C., for the 2026 CDFA Federal Policy Conference on April 7-8, 2026! This is your chance to sit at the same table as federal agency representatives and gain even more face time when you stay close to the action. The event will take place at the Washington Marriott Georgetown. Hotel rooms are available in CDFA's Room Block. Room rates are $259 per night. We anticipate the block to close on or before March 16, so book your room now!

Now Accepting Applications for the 2026 Caren S. Franzini Fellowship!
The Caren S. Franzini Fellowship was established to cultivate and celebrate exceptional women in development finance, recognizing their leadership and commitment to advancing the industry. Administered by the CDFA Foundation, this six-month fellowship is open to women employed by a CDFA member organization with less than 10 years of experience in the field. Apply by Friday, March 13, at 5:00 PM Eastern!

Clean Power Alliance Secures $963M Bond, Locking in $66.6M in Renewable Energy Savings
Clean Power Alliance (CPA), the nation's number one green power provider and California's largest community choice energy aggregator, announced the successful closing of its sixth energy prepayment bond transaction, valued at $963 million. The transaction will generate approximately $66.6 million in renewable energy cost savings during the bond's initial 10-year period—an average of $6.6 million per year.

Sustainable Bonds 2026: Welcome to the New Reality
Despite its remarkable success over many years, along with new records in the green bond segment, the global sustainable bond market was not immune to the challenges facing sustainable finance last year. After setbacks in 2025, it will emerge in the medium term and resume a path of healthy, qualitative growth. A global new issuance volume of around $950 billion is forecasted for 2026. With the largest number of sustainable and responsible investors worldwide, Europe will remain at the forefront of new sustainable bond issuance.

WEDC Announces Grants to Support Small Businesses
The Wisconsin Economic Corporation (WEDC) announced that ten community organizations supporting small businesses across Wisconsin have received $1.5 million in Small Business Development Grants (SBDG) from WEDC. These grants will allow communities to make the investments small businesses need to be able to grow and thrive. The competitive grants, which range from $50,000 to $250,000, were awarded to local and regional economic development organizations, municipalities, and counties to support small business development and creation.

$4.5M Yearly in TIF for Smithfield, SD, Wastewater Plant
The City of Sioux Falls Planning Commission will consider a $90 million TIF for the planned $1.3 billion new Smithfield processing plant project. The company plans to build a new plant in Foundation Park to replace the existing facility near Falls Park. Construction is expected to start in 2027 with completion in 2028. The local development foundation plans to help re-develop the existing Smithfield site.

Announcing the Lending Improvement & Financial Transformation (LIFT) Program: LIFT Your RLF
The Lending Improvement & Financial Transformation (LIFT) Program, led by ArkP3 in collaboration with CDFA, provides tailored consulting and Advisory Services to help Development Finance Agencies (DFAs) modernize, reactivate, and grow their Revolving Loan Funds (RLFs).

Florida's Hometown Heroes Housing Program Commits All 2025-2026 Funds in Six Months
Florida Hometown Heroes Housing program, the state's workforce homebuyer initiative, has fully committed its 2025-2026 funding in just six months, helping more than 3,000 families become homeowners. The most recent funding cycle opened Aug. 18 with $50 million in funding, part of a broader $435 million appropriation to Florida Housing approved by the Florida Legislature. Heroes is a revolving loan program, with homeowners paying the loan back once they sell, rent or transfer the home.

Upcoming Events
2026 CDFA Federal Policy Conference
Upcoming Webcasts

CDFA Franzini Fellowship Capstone Webinar: Lessons from Corridor Revitalization Projects
March 10, 2026 - 1:30 PM - 3:00 PM Eastern
Join the Class of 2025 Franzini Fellows as they explore how blended capital models can be leveraged to revitalize under-resourced commercial corridors in ways that are equitable, resilient, and replicable. Drawing from their fellowship capstone research project, this webinar will examine financing structures that successfully attract long-term investment while delivering measurable community benefits by creatively layering public, private, and philanthropic capital.

CDFA Opportunity Zones Learning Series: What's New, What Matters, and How Public-Private Partnerships Drive Investment
March 12, 2026 - 1:00 PM - 2:30 PM Eastern
This session will highlight tools to identify Qualified Opportunity Zone Census Tracts, discuss how some States are leading their tract selection process, and help attendees create public-private partnerships to secure Opportunity Zone investments.

CDFA // BNY Development Finance Webcast Series: Special Assessment & Special District Bonds for Redevelopment
March 17, 2026 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will explain how special districts are formed, funded, and leveraged to drive long-term redevelopment and attract private investment.

Job & RFP Postings

Maryland DHCD - CDA Lending and Risk Analyst Jr. II, Program Associate
The Program Associate is responsible for answering and fulfilling administrative requests from partners, answering customer calls and resolving their concerns. Their primary responsibility is to review, evaluate and approve applications for grant weatherization services, tracking lead assignments, and assisting program managers with administrative tasks. This position will ensure that client applications and requests are completed in a timely manner. We are looking for individuals with great customer service skills and attention to detail when processing documentation. The successful applicant should be able to manage multiple tasks and adjust to changing priorities.

Maryland DHCD - Program Manager Senior II, Deputy Director
DHCD has an immediate opening for a permanent full-time Deputy Director of Homeless Solutions. The Deputy Director is a senior management position within the Division of Homeless Solutions, reporting directly to the Assistant Secretary. The Deputy Director provides executive and strategic leadership for the division, ensuring successful administration of over $48 million annually in federal and state grant programs to prevent and end homelessness, alleviate poverty, and increase housing stability. This position directly oversees the operating budget, program design and policy, grant management and award strategy, and coordinates with other divisions within the Department to maintain compliance with federal and state requirements.

Maryland DHCD - Program Manager Senior II, Director of Strategic Business Initiatives
The Director of Strategic Initiatives manages and grows two important business development programs for the State: The Opportunity Zone program and the NourishMD Grant Program. Governor Moore has delegated to DHCD to designate the next round of Opportunity Zones in Maryland by September 29, 2026. This requires data analysis, stakeholder engagement and consultations, and business development strategy-making around each zone. After zones are designated, this position will be responsible for driving investments into the targeted areas, forming partnerships to further that goal, and finding creative ways for the State to assist in identifying opportunities for investment. The NourishMD Grant Program provides grants to for-profit and nonprofit retailers to further fresh and healthy food access in communities in food deserts. The inaugural round of funding initiated in January of 2026 with up to $3.8 million in funding available. This position provides an opportunity to take a hands-on approach to place-based economic development in communities across Maryland that have a high degree of need based on income levels, poverty rates, or food access.

Full-Service Grocery Store Charles Page Neighborhood Request for Proposals
The purpose of this RFP is to identify an operator to run a community-centered grocery store in the Charles Page neighborhood. This store will play a vital role in restoring food access to a loyal and underserved community that currently has no other grocery options. The store is also positioned to attract customers from surrounding areas including those north of Highway 412 who are already visiting the neighborhood's community center and other local amenities. Shifting demographics show downtown Tulsa, OK, shifting west and Sand Springs shifting east growing the population of Charles Page to an up-and-coming area. The proposed grocery site is located at 19 S 49th W Ave, Tulsa, OK 74127. The deadline for Intent to Apply is Friday, March 13, 2026 with the full Application due on Friday, March 27, 2026.

This Week's Headlines

Bond Market Signals Rising Inflation Worries Ahead of New Fed Chair
National Today | Mar. 4 | Bond Finance

Inflation Biggest Risk to Debt Markets Facing 'Big Stress Test', OECD Official Says
Reuters | Mar. 4 | Bond Finance

Rural Texas Utility Plans $29.4M Transmission Upgrade to Support New Groundwater Supply
ENR | Mar. 4 | Revolving Loan Funds (RLFs) | Water Finance

The 'Four Rs' of Sustainable Finance: How Growth, Risk and Resilience are Reshaping the Sustainable Bond Market
Environmental Finance | Mar. 4 | Bond Finance | Resiliency

UC Sells $2B Worth of Bonds to Finance New Projects Amid Federal Pressures
The Daily Californian | Mar. 4 | Bond Finance | Education

Why Credit Access Makes or Breaks Clean Tech Adoption and What Policy Makers Can Do About It
FAS | Mar. 4 | Energy Finance | Legislative | Revolving Loan Funds (RLFs)

Wilkesboro, North Wilkesboro to Receive $15.2M for Water Infrastructure Projects
WFMY News | Mar. 4 | Revolving Loan Funds (RLFs) | Water Finance

City Council Approves TAD Grant for 'Distillery' Restaurant at Walnut & Vine
Statesboro Herald | Mar. 3 | State Small Business Credit Initiative (SSBCI) | Tax Increment Finance (TIF)

Investors Sell Global Bonds as Middle East Crisis Stokes Inflation Worries
WSJ | Mar. 3 | Bond Finance

Why Do Investors Keep Buying Century Bonds?
The Daily Economy | Mar. 3 | Bond Finance

Cleveland County, OK, Commissioners Approve Arena Indebtedness Up to $50M
The Norman Transcript | Mar. 2 | Economic Development | Infrastructure Finance | Tax Increment Finance (TIF)

Feds Visit USVI Small Businesses, Pledge BVI Charter Action
The St. Thomas Source | Mar. 2 | Federal | U.S. Small Business Administration (SBA)

Fresno City Council OKs $8M Loan for Long-Stalled Market-Rate Downtown Apartments
The Fresno Bee | Mar. 2 | Housing Finance | Revolving Loan Funds (RLFs)

Shrewsbury, MO, Walmart TIF Paying Off — Literally, Admin Says
Webster-Kirkwood Times | Mar. 2 | Community Development | Economic Development | Tax Increment Finance (TIF)

Sustainability Insights: U.S. Municipal Sustainable Bond Outlook 2026
S&P Global | Mar. 2 | Bond Finance

Treasury Proposes New Privacy Act Records System for SLFRF and Other Federal Assistance Program Data
National Association of Counties | Mar. 2 | Federal | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury

Why the World's Food System is More Fragile Than You Think
Follow The Money | Mar. 2 | Agriculture Finance | Food Systems Finance

Bipartisan House Bill Seeks to Expand Tribal Bond Authority, Tax Credit Access
Tribal Business News | Mar. 1 | Bond Finance | Tax Credits | Tribal Finance

Army Corps Plans to Fast-Track Infrastructure Priorities
Virginia Mercury | Feb. 27 | Economic Development | Infrastructure Finance | U.S. Dept. of Defense (DOD)

DHS Funding Impasse Here to Stay as Administration Ratchets Up Pressure
POLITICO | Feb. 27 | Education | Federal | Legislative

FEMA Releasing Billions in Disaster Assistance, While Further Funds Await Approval
The Hill | Feb. 27 | Federal | Legislative | Resiliency


CDFA President's Club Spotlight

KeyBanc Capital Markets KeyBanc Capital Markets
KeyBanc Capital Markets, headquartered in Cleveland, Ohio, is a full-service investment banking firm serving issuers of tax-exempt debt for over 40 years. The Public Finance Municipal Banking Group operating out of offices in Cleveland, Chicago, New...
Kutak Rock LLP Kutak Rock LLP
Kutak Rock LLP is a national law firm of more than 500 lawyers with offices from coast to coast. Their firm serves local, regional, and national clients in a practice that spans a wide range of disciplines. They encourage their attorneys to take...
McGuireWoods McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP uses client-focused teams to serve public, private, government, and nonprofit clients from virtually every area of the law. To complement their services, they offer...

CDFA Bookstore

Cover thumbnail Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how an RLF program can complement economic development strategies, encourage investment and assist traditionally underserved businesses.

New Members

Lewis Rice LLC - Kansas City, MO

Seattle Social Housing Developer - Seattle, WA

Virginia Department of Transportation - Richmond, VA

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
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • PGAV Planners, LLC
  • RDF
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member