CDFA's Modernizing Agricultural and Manufacturing Bonds Act was introduced as H.R. 3787 in the U.S. House of Representatives with bipartisan support by Reps. LaHood (R-IL), Kildee (D-MI), Feenstra (R-IA), and Evans (D-PA).

The Austin City Council approved an $88 million settlement with an airport terminal operator that will allow a largely bond-financed expansion and development program at the Austin-Bergstrom International Airport to move forward with a midfield concourse project.

An assisted-living complex for low-income senior residents in southern New Jersey has been struggling to make timely monthly loan payments. The senior-living industry, which includes bonds sold by retirement, nursing, and assisted-living facilities, has been an outlier in the $4 trillion municipal bond market. About $5 billion of senior-living bonds are in either distress or default, roughly 11 percent of the sector's outstanding debt, according to data compiled by Bloomberg. 

CDFA's key legislative issue--The Modernizing Agricultural and Manufacturing Bonds Act (MAMBA)--was introduced with bipartisan support in the U.S. House of Representatives on June 1. The bill modernizes first-time farmer bonds and industrial development bonds to ensure that manufacturers have affordable capital access to allow them to establish and grow their businesses. In this legislative briefing, CDFA's Eric Silva and Mitchell Smith will provide an overview of MAMBA, how it will impact the private activity bond space, and the process by which CDFA will get MAMBA passed in the 118th Congress.

This installment of the CDFA-Bricker Webinar Series will provide insights on the recent advancements in C-PACE financing such as recent state legislative activity, along with innovative market-based solutions throughout all segments of the C-PACE market.

To date, Treasury has allocated $200 million in potential funding to states, U.S. Territories, and Tribal Governments, and another $100 million to the Minority Business Development Agency for its Capital Readiness Program. During the third module of the 2023 SSBCI Learning Series, speakers will provide insights on best practices for delivering TA to micro-enterprises and SEDI businesses and discuss current efforts to deploy funding made available through Treasury's SSBCI Technical Assistance Grant Program.