The Caren S. Franzini Fellowship was created to develop and recognize outstanding women in the field of development finance for their leadership and dedication to the advancement of the industry. This 6-month fellowship program, run through the CDFA Foundation, is open to women employed by a CDFA member organization who have worked in the development finance industry for less than 10 years. Apply by Friday, March 15!

Baker Tilly, a leading advisory CPA firm, has unveiled a groundbreaking compliance solution designed to help clean energy projects maximize tax credits available through the Inflation Reduction Act (IRA) by adhering to Prevailing Wage & Apprenticeship requirements. This innovative tool aims to simplify the complex compliance landscape, offering a full suite of services to ensure organizations can fully leverage the financial benefits of the IRA's enhanced credits for clean energy initiatives.

Reserve your spot at the 2024 CDFA Federal Policy Conference on April 2-3, 2024, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and Grow America, will bring together leaders from the Biden administration, Congress, federal agencies, nonprofit organizations, and finance agencies who will discuss a range of federal legislative and policy topics. Interact with reps from the Department of the Treasury, the Small Business Administration, and the Environmental Protection Agency. Space is limited; act fast!

National New Markets Fund, LLC, an affiliate of Los Angeles-based SDS Capital Group, has invested $17.5 million of its New Markets Tax Credit allocation into Chanhassen, Minnesota-based Bongards Creameries. Bongards is a farmer-owned co-op that relies on its 267-member farms (98% family farms) to provide milk for its cheese and whey products. As a result of the investment, Bongards' milk intake capacity will increase by almost one-third, from 4.1 million pounds per day to 5.4 million pounds per day.

The next installment of the CDFA // BNY Mellon Development Finance Webcast Series will focus on the importance of bond banks, explore their roles, and how they help communities move forward. Join us on Tuesday, March 19 from 2:00 PM - 3:00 PM Eastern to learn how bond banks play a crucial role in facilitating economic development and public infrastructure projects. Register today!

The Indiana Economic Development Corporation (IEDC) announced the launch of the state's Legend Fund, a loan participation program designed to help entrepreneurs and small businesses gain access to funds needed to grow. Fueled by $29 million in funding through the State Small Business Credit Initiative (SSBCI), the fund will assist mission-driven local lenders to increase lending to Hoosier small businesses, with an added focus on those that have been historically underserved.  

A $500 million California fund dedicated to providing more favorable borrowing rates and terms for local governments, tribes, and nonprofits to finance public broadband infrastructure projects was created in 2021 through Senate Bill 156. The program encourages broadband deployment by local government agencies and nonprofit organizations by covering certain costs that may be barriers to entry, including debt issuance and credit enhancement.

The Boardwalk, a two-phase short-term rental condominium under construction in Traverse City, Michigan, received nearly $4 million in Commercial Property Assessed Clean Energy (C-PACE) financing through PACE Loan Group. The first phase received $1.7 million in early 2023 and has an expected completion date in March 2024; the second phase received $1.8 million and begins construction this month with an expected completion date of the second quarter of 2024.

This position assists the Single Family Sub-Servicing team, Multifamily Servicing team, and Servicing Supervisor with examining, analyzing, and interpreting financial data in CDA's multi-billion mortgage loan portfolios financed with revenue bond proceeds. This position performs reconciliations of single-family bond series and interprets, analyzes, and translates multifamily loan closing documents to set up new multifamily loan accounts.  The incumbent will also assist the Multifamily Accountants in mortgage servicing by performing manual billings, reviewing and monitoring disbursements for real estate taxes, insurance premiums, and escrow reserves within the multifamily bond portfolio.  

Finance New Orleans is seeking a Finance Manager to oversee all financial and accounting functions within the organization. This pivotal role involves ensuring precise financial reporting, establishing and managing the company's operating model, and offering strategic financial insights. The ideal candidate should be adept at getting into the details and possess a strong educational background in business, finance, or accounting, ideally holding an MBA or CPA certification. Relevant work experience in finance, public finance, accounting, or consulting is highly desirable.

Finance New Orleans is seeking a Multi-Family Program Director to serve as a member of the Programs team and is responsible for day-to-day program management of all multi-family products. This position reports to the Chief Programs Officer (CPO) and works in partnership with the CPO to establish and manage multi-family programming that meets FNO's strategic vision. The Multi-Family Programs team is responsible for the financing and ongoing management of the Agency's multi-family lending portfolio and subsidy programs which provide loans, credit enhancement, and tax abatements that facilitate the development, rehabilitation, and preservation of affordable housing projects.

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