CDFA is proud to announce that Sue Hounsel, Senior Manager in the City of Dallas Office of Economic Development (OED), has been elected Chair of the CDFA Board of Directors, after serving as Vice Chair since 2023. Lori Matheus, Senior Vice President of Finance & Development, New Jersey Economic Development Authority, was elected Vice Chair. Steve Johnson, COO, Colorado Housing Finance Authority (CHFA), will continue to serve as Treasurer. Lamont Price, Innovation Director, Tennessee Department of Economic and Community Development (TNECD), was elected Secretary. Brinda Ganguly, Executive Vice President, New York City Economic Development Corporation, was elected as an Additional Officer. We welcome our new board members and thank the previous Board Chair, David Misky!

Presented in partnership with Grow America, the Intro Opportunity Zones Finance Course will bring together program designers, fund managers, community leaders, investors, and policy experts to share strategies for attracting zone investments and maximizing Opportunity Zones 2.0. The course will also cover key legislative updates, including enhanced bonus depreciation provisions, new zone designations with an emphasis on rural areas, and other critical policy developments. Early bird rates end November 28—register today!

This report describes several mechanisms that states or local governments could use to fund and finance home buyout programs to reduce risks from natural hazards, such as flooding, wildfire, and severe storms. As extreme weather events become more common and cause more damage, there is a growing realization that people may need to leave their homes in vulnerable neighborhoods. Increasingly, communities and states are instead buying such high-risk homes and converting them into parkland and open space. These lands can then become an integral part of lowering risks from flooding, wildfire, or other natural hazards. We refer to such projects as "buyouts."

In Dallas, Texas, Galvanize Sustainable Capital is spearheading a transformative wave of development by leveraging both federal 20% historic rehabilitation tax credits and state-level historic tax incentives, coupled with the federal New Markets Tax Credit (NMTC) program. The firm builds detailed capital stacks that blend these tax-credit equity investments with debt and conventional equity to make large-scale community projects bankable and impactful. By structuring the credits into upfront cash equity and layering them with NMTC allocations, Galvanize helps under-utilized properties and neighborhoods re-imagine their futures while delivering measurable social and financial returns.

New Hampshire has approved a $100 million municipal bond backed by Bitcoin, establishing the first US state-level Bitcoin-backed municipal bond, according to Crypto In America. The initiative follows New Hampshire's move earlier in the year to allow its treasury to invest up to 5% of public funds in digital assets, establishing the nation's first Strategic Bitcoin Reserve. State lawmakers see the bond as a way to test Bitcoin as high-grade collateral under traditional municipal finance rules.

The emergence of adaptation bonds, along with a growing emphasis on adaptation within sustainable finance taxonomies, reflects increasing market recognition of the importance of business resilience to climate change. This shift is backed by compelling data according to the Environmental Finance database, the number of bonds with a climate change adaptation (CCA) category rose from just 39 in 2017 to 601 in 2024, more than a fourteen-fold increase.

The impact of the record-long shutdown has still left its mark, notably for businesses seeking federally-backed loans. Funds were inaccessible to small businesses seeking capital for investments, payroll, and more. For each business day that passed during the shutdown, an estimated 320 businesses nationwide were unable to access $170 million in commercial loans, according to the SBA. That translated to roughly $5.3 billion in agency-backed loans that were inaccessible to some 10,000 small businesses.

The Invoice Processor ensures the completion of an invoice request for a variety of funding sources. This includes, but is not limited to supporting documentation of completed measures and program requirements. Working closely with the Program Managers to ensure communication on budgets, balances and allocations are correct. Rendering assistance to local and regional officials, nonprofit organizations, for-profit organizations and representatives of the private sector. Provides technical and financial packaging assistance for invoices. Performs income and expense analysis of single-family and multi-family budgets. Filing Deadline – 11/20/2025 11:59:00 PM.

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Green bonds are debt securities issued to raise capital specifically for projects that have positive environmental benefits, such as addressing climate change, reducing carbon emissions, or improving environmental sustainability. During this installment of the CDFA // BNY Development Finance Webcast Series, panelists share how to raise funds for environmentally friendly initiatives while providing investors with an opportunity to support projects that align with their environmental values.

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