The Austin Corridor Program Office continues to make progress on the nearly $500 million in transportation upgrades it is overseeing following the passage of the city's 2016 mobility bond, with around $150 million in safety and other mobility projects expected to get off the ground in 2022.

The Michigan Department of Transportation launched a pilot program Monday to bundle bridge repair projects together, which officials say makes the projects more cost-effective. Bridge bundling combines several bridge locations into a single contract, which MDOT says streamlines coordination and permitting and increases economies of scale.

The growth of the social bond market has offered a unique opportunity for nonprofit issuers, like Community Development Financial Institutions (CDFIs), to connect with retail and institutional investors and expand the flow of capital to justice-focused work.

HB 2390 modernizes the current statutory authority of Gulf Coast Authority (GCA) to allow its Industrial Development Authority (GCIDA) to provide governmental conduit bond services nationwide and to provide financial services for Property Assessed Clean Energy (PACE) projects also nationally. Both initiatives are focused on support of Texas' economic development.

A new category of tax-exempt private activity bonds was created as part of the Infrastructure Investment and Jobs Act, enacted in November 2021, to encourage private investment in carbon dioxide capture facilities. This edition of the Hawkins Advisory describes and explains the applicable provisions.

Expanding the inventory of affordable housing presents one of today's biggest challenges for multifamily developers, public agencies, and nonprofit organizations. To address the complex process of assembling the capital necessary to expand the inventory, unconventional alternatives are emerging.

The Nevada Housing Division announced that $300.7 million or 87 percent of Nevada's 2021 tax-exempt bonding authority has been earmarked for the development of affordable housing projects throughout the state. This historic investment is being made in the face of the acute and ongoing housing crisis that many Nevadans are facing. 

A bill introduced in the Hawaii Senate would give priority to permanent supportive housing units in the state's allocation of low-income housing tax credits (LIHTCs). S.B. 3368 also would provide an investment of $60 million in bonds to develop and build 100% permanent supportive housing units.

CDFA // BNY Mellon Development Finance Webcast Series: Investing in Resiliency with Green and Blue Bonds
Tuesday, April 19, 2022 - 2:00 PM - 3:00 PM Eastern

Intro Tax Increment Finance WebCourse
April 25-26, 2022 - Daily: 12:00 - 5:00 PM Eastern

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This report provides a brief review of bond fundamentals and a more detailed examination of the rules and definitions surrounding private activity bonds to help clarify the impact of proposed modifications.

The purpose of the report is to equip value chain actors with innovative financial mechanisms and incentive strategies that can be employed in agricultural sustainability projects to support producers in scaling conservation adoption.

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