CDFA is researching the feasibility and market demand for a national food systems loan guarantee program to help unlock investment for food- and agriculture-related businesses and projects. This research includes surveying loan funds operated by private, public, and quasi-public development finance agencies (DFAs) around the country to learn more about existing lending programs. Please take a few minutes to share your expertise in this short survey!

The U.S. Department of Agriculture (USDA) announced that two rural Wisconsin healthcare centers will be receiving $1 million grants to fund renovations and equipment upgrades to provide better access to care for thousands of Wisconsinites. The Emergency Rural Health Care Grants, part of the American Rescue Plan Act, will be awarded to Upland Hill Health's Mineral Point clinic and the Reedsburg Area Medical Center.

Time is running out to register for CDFA Virtual Summer School. This 2-week long series of courses cover a wide range of topics ranging from fundamentals of economic development finance, and bond finance, to infrastructure finance, P3 finance, and seed & venture capital finance. Distinguished speakers will offer a timely and engaging discussion. Our CDFA Scholarship Program is also available. Take advantage and register today!

Virginia Venture Partners, the equity investment program of Virginia Innovation Partnership Corporation (VIPC), announced an investment in Predict Health, Inc., a health technology analytics and AI company that is humanizing the healthcare experience for seniors by helping Medicare Advantage, Duals, Medicaid payers, and their partners better understand the consumer's needs and expectations to achieve better business, member experience, and regulatory outcomes. 

Nearly $256 million in Commercial Property Assessed Clean Energy (PACE) financing recently closed and went to pay off construction loans at the Four Seasons Private Residences in San Francisco, CA. It's the largest PACE financing amount ever, according to lender Counterpointe Sustainable Real Estate.

NineDot Energy, a New York developer of community-scale clean energy projects, closed a new $25 million revolving credit debt facility provided by NY Green Bank, a division of the New York State Energy Research and Development Authority. NineDot is expected to use the proceeds of this revolving credit facility to finance 14 battery storage projects and the company expects that number to grow to about 40 projects or more, each up to 5 MW.

The IRA is America's most significant response to climate change, designed to spur clean energy buildout. The Congressional Budget Office initially estimated the IRA's tax credits would cost about $270 billion over a decade, but Brookings says businesses might take advantage of the credits far more aggressively and the federal government could pay out three or four times more.

The state of California's Infrastructure and Economic Development Bank (IBank) announced the first investment by a new state program, Expanding Venture Capital Access. The program — the first venture capital (VC) program administered by the state — was designed to create a more inclusive VC ecosystem. Unshackled Ventures received $4.1 million as the state's first investment.

NYCEDC is issuing a Request for Proposals, to launch the Cannabis NYC Loan Fund, a loan fund that will promote the development of an equitable cannabis industry in New York City. The goal of the Loan Fund is to provide flexible capital at below-market rates to cannabis businesses that are run by Social and Economic Equity Applicants.

The Maryland Department of Housing and Community Development (DHCD) is seeking a CDA Lending and Risk Analyst II/Energy Loan Underwriter. The Energy Loan Underwriter evaluates requests for energy-efficiency financing projects. This includes requesting, securing, and tracking needed documentation from applicants and contractors; processing and reviewing applicant financial and credit risk analysis; issuing Pre-Approval and Decline letters, commitments, and other correspondence.

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