The Metro Flood Diversion Authority of Fargo, North Dakota and Moorhead, Minnesota may turn to the bond market to cover $200 million in extra costs for a flood control project. The project is promoted as a permanent solution to flooding in the two metropolitan areas

The Department of the Treasury memorandum focuses on regulatory and administrative changes to CRA that are consistent with its original intent. Recommended changes include common sense reforms that reduce the complexity and burden on banks, regulators, and community advocates.

The U.S. Environmental Protection Agency (EPA) has announced the availability of funding that could provide as much as $5.5 billion in loans, which could leverage over $11 billion in water infrastructure projects through the Water Infrastructure Finance and Innovation Act (WIFIA) program.

More than $17 million in public and private investment, Community Development Partners was able to reinvigorate the Fairhaven complex with fresh flooring, doors, windows, baths, kitchens, exteriors and a 1-acre community garden, according to public records.

JEMCOR has broken ground on a $60 million mixed-income, transit-oriented development. Financing that includes LIHTC equity, tax-exempt bond proceeds and a $45 million first-of-its-kind construction-to-permanent loan from Citi Community Capital in conjunction with Freddie Mac's LIHTC Enhancement program.

During the last quarter, the Vermont Economic Development Authority approved $8.6 million in loans to help support brownfield, commercial, agricultural, and small business projects throughout Vermont. Since inception, VEDA has provided over $2.49 billion in financing assistance to thousands of eligible enterprises.

The recently passed BUILD Act provides additional protections, resources and incentives to both public and private brownfield redevelopments and encourages the development of renewable energy and energy-efficiency projects on brownfield sites.

Lenawee County's hospital finance authority board voted Thursday to support ProMedica selling up to $50 million in bonds for the new hospital to be built north of Adrian. The county commission voted in December to support selling up to $177 million in bonds for the 208,516-square-foot, three-story, 58-bed hospital.

A majority of the 35 Wisconsin school districts that sought about $536 million worth of borrowing authority were successful, while Kansas City voters elected to renew a sales tax that will support last year's $800 million bond authorization.

In this webinar, CDFA will convene transportation and infrastructure experts to discuss the financing tools available through the DOT. The main focus of the webinar will be on the Transportation Infrastructure Finance and Innovation Act (TIFIA), Transportation Investment Generating Economic Recovery (TIGER) Grants, and State Infrastructure Banks (SIBs).

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