A proposal for $250 million of flood control bonds could have a dramatic impact on a section of Fort Worth by creating a new recreation-focused island. Promoters pitch Panther Island as an 800-acre mixed-used development surrounded by more than 12 miles of canals and a continuous river walk.

According to a new annual TIF report, the City of Omaha approved $44.7 million in TIF financing for 18 projects last year. Additionally, 12 TIF projects went back on the tax rolls in 2017, resulting in a boost in property valuations and property tax revenues.

KeyBank is increasing its lending and other investments in low- and moderate-income communities as part of its $16.5 billion community benefits agreement with the National Community Reinvestment Coalition. The bank committed to invest $16.5 billion (12% of its total assets) in LMI areas over a five year period.

The Better Utilizing Investments to Leverage Development (BUILD) program will disburse $1.5 billion for surface transportation projects with significant local or regional impacts, including funding for roads, bridges, transit, rail or port support. The BUILD Grant program replaces the current TIGER Grant Program.

PIDC, Philadelphia's public-private economic development corporation, has announced the launch of a new $6 million Impact Development Fund to support commercial, industrial, and mixed-use development in neighborhoods and commercial corridors throughout Philadelphia.

The Municipal Analysts Group of New York held a panel on the impact of tax reform on the muni market. This article provides the responses to key questions from George Friedlander that relate to how tax reform is/will affect the municipal market.

Revenue Procedure 2018-26 introduces guidelines for effecting remedial actions in connection to certain categories of bonds. These guidelines apply to nonqualified uses in respect of tax-advantaged bonds that take place on or after April 11, 2018, and may apply to such situations occurring prior to April 11, 2018.

The Cleveland City Council gave approval to Mayor Frank Jackson's administration to borrow more than $156 million for capital improvements, including a new police station and equipment to make Cleveland's streets safer.

Smaller, non-hub airports in rural areas were the big winners in the fight for additional infrastructure spending in the FAA reauthorization bill recently passed by the House. The five-year Federal Aviation Administration Reauthorization Act of 2018 authorizes a $1 billion annual increase in funding for this new program.

CDFA is currently collecting basic information about the portfolio management software used by Development Finance Agencies across the country. This will help CDFA to provide best practices in software that DFAs can use for underwriting, servicing and ongoing management of bond, loan and other incentive portfolios. Fill out the survey today!

In this webinar, experts on USDA financing programs will be on hand to discuss the myriad rural development finance programs offered by the USDA, as well as how rural communities can effectively access and deploy USDA grants and loans. The focus of the webinar will be on the Community Facilities (CF) Program, the Rural Energy for America Partnership (REAP), and Rural Business Development Programs.

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