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CDFA Texas Financing Roundtable Newsletter - September 2014

CDFA Texas Financing Roundtable Newsletter - September 2014
September 24, 2014
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CDFA Texas Financing Roundtable Newsletter

Feature

California Takes on Texas in Fight to Attract and Retain Businesses
Earlier this year, Texas provided Toyota with $40M when the company moved its headquarters from California. Toyota official said the incentive had little effect on their decision. The LA Times has brought up a good question on the effectiveness of programs targeting corporations.

TX Lawmakers Look for New Ways to Fund Highways
Texas lawmakers are looking for ways to pay for improvements to its highways, as the state's 20 cent gas tax, which hasn't been raised since 1991, cannot keep up with the cost and Texas cannot keep borrowing without a way to pay off the debt.

House Sees Growing Role for P3s and PABs in Infrastructure
Roll Call reports there was bipartisan House agreement that P3s should be an important part of paying for new transportation infrastructure. The question, now, is how large a percentage of infrastructure funding will come from P3s.

Treasury and OCC Sued, Administration of LIHTC Fails Fair Housing Act
A lawsuit was filed alleging that the U.S. Treasury and OCC racially discriminating in the City of Dallas in their administration of the Low Income Housing Tax Credit program.

Better by Design: Tax Credits' Structure Provides Superior Results
Michael Novogradac writes on the advantages tax credits over capital grants and their proven track records promoting capital investment in affordable housing, community development, historic preservation and renewable energy.

Upcoming Events

2014 National Development Finance Summit
November 18-21, 2014 - Scottsdale, AZ
Hosted by the generous support of the Scottsdale IDA, this year's National Summit will be an amazing, can't-miss event with an in-depth look at development finance in the United States. Designed to educate both novices and seasoned development finance professionals alike, the 2014 National Development Finance Summit will touch on over 25 different financing concepts, tools, programs, strategies, and solutions to the challenges facing our country.

CDFA Spotlight

Send Letters to Congress Supporting the Modernizing American Manufacturing Bonds Act
CDFA has begun a targeted letter-writing campaign. We ask that industry stakeholders send letters to House members to support CDFA's Modernizing American Manufacturing Bonds Act and the suggested reforms to modernize and revolutionize Qualified Small Issue Manufacturing Bonds. To make this process easier, we have created sample letters for your use.

Texas News

Novogradac Announces 2014 Community Development Awards Winners
Novogradac & Co. | Sep. 23 | Member News | Tax Credits | U.S. Dept. of Treasury

Congress Gives Ex-Im Bank an Extension
Forbes | Sep. 22 | Access to Capital | Legislative | Export Import Bank of the United States (Ex-Im Bank) | Federal

Obama Launches Second Promise Zone Competition
The White House | Sep. 19 | Economic Development | Rural Development | Urban Development | Federal

Building Blocks for Incentives Cost-Benefit Analysis
Smart Incentives | Sep. 18 | Community Development | Economic Development | Local Finance Program

Revitalize American Manufacturing & Innovation Act Passes House
Manufacturing.net | Sep. 17 | Legislative | NIST Manufacturing Extension Partnership (MEP) | Federal

Social Impact Bonds are Going Mainstream
Forbes | Sep. 16 | Bond Finance | Federal

Moody's Predicts Huge Potential for P3s
GOVERNING | Sep. 11 | Infrastructure Finance | Public-Private Partnership (P3) Financing

Texas Enterprise Zone Finding Use in Austin
Economic Development HQ | Aug. 29 | Economic Development | State Finance Program | Tax Credits

Will Public Private Partnerships Build The Future
Forbes | Aug. 29 | Access to Capital | Public-Private Partnership (P3) Financing

Cities to Compete for $45M Innovation Grants
GOVERNING | Aug. 28 | Access to Capital | Foundations | Innovation Finance | Urban Development

Preservation Group to Congress: Save Historic Tax Credit
Syracuse Post-Standard | Aug. 27 | Legislative | Redevelopment | Tax Credits | Federal


New Additions to the Online Resource Database

Influences on the Size of TIF Districts in Texas
Tax Increment Finance (TIF)
This research found that the county unemployment rate in the year of TIF adoption and neighboring TIF-adopters (i.e. competitive adoption) had a positive effect on TIF size. Path dependency had a negative effect on the size of TIF districts established by Texas municipalities. The number of overlapping jurisdictions participating was not statistically significant.

SBA Participating Microloan Intermediaries
Access to Capital | U.S. Small Business Administration (SBA)
The U.S. Small Business Administartion's list of Participating Microloan Intermediary Lenders provides contact information for each lender.


Sponsors

Roundtable Partner

Texas Economic Development Council

Conference Supporting Sponsor

Tyler Economic Development Council Winstead PC

For information about sponsoring the CDFA Texas Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.


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
100 E. Broad Street, Suite 2200
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • 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.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor