Join CDFA as we kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 24-25, 2024! This course is the foundation for all of CDFA's educational offerings and will help attendees understand the variety of development finance tools available, including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, and access to capital lending resources.

Interest rate trends, investor demand, and the 2024 elections could all impact the municipal bond market. State and local governments spent about $2.7 trillion on public construction between 2014 and 2022, with more than $2 trillion coming from new-money municipal bond sales. Yet while these sales had been steadily increasing over the past decade, they fell slightly in 2022 and 2023 but will continue to serve as a reliable source of revenue for cities going forward.

U.S. Senator Sheldon Whitehouse (D-RI), Chairman of the U.S. Senate Budget Committee, delivered the opening statement at the Senate Committee on the Budget's hearing, titled "Investing in the Future: Safeguarding Municipal Bonds from Climate Risk." He argued that climate change undermines the stability of municipal bonds through the physical impacts of natural disasters on infrastructure but also with the loss of revenue to pay for outstanding debt obligations.

McKinney, TX City Council heard a recommendation to move forward with a proposed $485.5 million municipal bond. The proposed bond includes several city projects that are currently unfunded, including city facility renovations and new construction, roadway improvements, parks and recreation projects, and more, according to city documents.

The Council of Development Finance Agencies is now accepting applications for Vice President, Development Finance. This position leads CDFA's development finance practice and is responsible for ensuring CDFA delivers on its research projects, resource collection, educational offerings, partnerships, and content creation. Want to join the CDFA family in Columbus, Ohio? Email your cover letter, resume, salary request, and three professional references to jobs@cdfa.net.

The Mountain Views, VT School District (MVSD) Board of Directors is asking Town Meeting voters in seven towns to authorize a $99 million bond issue to finance the construction of a new Woodstock Union High School and Middle School (WUHS/MS) on the site of the 55-to-65-year-old current school off Route 4 in Woodstock. The school board also voted to seek approval of a system-wide budget of $29.75 million for the fiscal year.

Fitch Ratings has assigned an 'A+' rating to the following state of Illinois' Build Illinois bonds: $300 million junior obligation series A; $150 million junior obligation series B; $150 million junior obligation series C. Fitch has also affirmed the outstanding state of Illinois Build Illinois senior and junior obligation sales tax revenue bonds at 'A+'. The Rating Outlook is Stable.

KeyBank has provided $90.7 million in financing for the acquisition and rehabilitation of Cambridge Square Apartments, a 204-unit affordable housing property in Monroeville, an eastern suburb of Pittsburgh. The financing consists of a $35 million construction loan, an $18 million Fannie Mae permanent loan, $15.7 million in Low-Income Housing Tax Credit (LIHTC) equity, and $22 million in tax-exempt bonds that were sold by KeyBanc Capital Markets.

Fitch Ratings has assigned 'AA+' ratings to approximately $2 billion Commonwealth of Massachusetts general obligation (GO) bonds, consisting of $850 million GO Bonds Consolidated Loan of 2024 Series A; $540 million GO Refunding Bonds 2024 Series A; $600 million GO Refunding Bonds 2024 Series B. Bond proceeds will finance or reimburse the Commonwealth for various capital expenditures and refund outstanding bonds. The Rating Outlook is Stable.

The Hawai'i Department of Budget and Finance announced that the state of Hawai'i has issued $750 million in general obligation bonds. The bonds will provide critical funding for various public buildings and facilities, elementary and secondary schools, community college and university facilities, public libraries, parks, and highways, among other public improvement projects. 

Intro Bond Finance WebCourse
March 4-5, 2024 - Daily: 12:00-5:00 PM Eastern

Advanced Bond Finance WebCourse
March 6-7, 2024 - Daily: 12:00 PM - 5:00 PM Eastern

>>> VIEW THE BOND RESOURCE CENTER   

As housing costs have risen in the first part of the 21st century, American households have struggled to compete for high-quality housing near areas of employment. Many individuals and families in these areas do not earn enough to afford market-rate housing but earn too much to qualify for traditional "low-income housing" support. Housing advocates, developers, policymakers, and others have responded by looking for new ways to support the housing needs of this "missing middle" population.

>>> EXPLORE BOND FINANCE RESOURCE CENTER