CDFA California Financing Roundtable Newsletter - August 2015

CDFA California Financing Roundtable Newsletter - August 2015
August 19, 2015



Feature
Over $200M in Tax Credits Available to CA Businesses There are over $200 million of tax credits available in California. The credit awards are based on a number of factors, such as expansion plans to create jobs in California, investment in California, and opportunity for future growth. According to Valley News, the tax credits were made available as part of the governor's Economic Development Initiative (GEDI). CA Property Owners Win Access to Financing Improvements According to PR Newswire, Los Angeles property owners now have access to financing seismic strengthening, energy-related, and water conservation improvements through a new program approved by the Los Angeles City Council. Expanding Financing Program for Energy-Efficiency Projects Marin County officials have expanded a program that provides funding through a property tax bill assessment. According to Marinij, this program will make it easier for property owners in unincorporated areas to finance solar, water conservation, and other efficiency projects. The program initially only applied to commercial properties, then was expanded to include residential properties. $1.2M for Nonprofits Working to Strengthen Rural Communities The Safe and Sound Rural Housing Rehabilitation or Replacement program will help recipient organizations fund the cost of bringing substandard rural homes up to housing codes. According to Market Watch, 50 rural homes will be rehabbed or replaced in five regions to help create communities that are unique and inviting investment opportunities. RSF Social Finance Purchases $9M in Solar Bonds RSF Social Finance (RSF) has announced that it has purchased $9 million in solar bonds from SolarCity. According to 3BL Media, RSF lends money to path-breaking social enterprises, provides impact investing accessible to a wide range of investors, manages grant funds, and works to build a finance infrastructure that will allow social enterprises to thrive.
Upcoming Events
2015 CDFA California Roundtable November 19, 2015 Join CDFA and CALED for the California Financing Roundtable Conference on November 19, 2015. This one-day event will feature economic development finance experts and leaders from around the state discussing innovative development finance tools and projects, emerging resources and approaches, and how these methods can catalyze investment in the California economy.
CDFA Spotlight
CDFA Releases Annual Volume Cap Report CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2014 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer. Read the Annual Volume Cap Report and explore CDFA's interactive and searchable National Volume Cap Map.
California News
Grants for Northern CA Nonprofits for Economic Development Grant Watch \| Aug. 13 \| Disaster Recovery & Relief \| Economic Development \| State Finance Program US Infrastructure Financing Needs to Change Track Financial News \| Aug. 11 \| Bond Finance \| Infrastructure Finance The Rise of Green Bonds, Explained City Lab \| Aug. 11 \| Bond Finance \| Energy Finance \| Green Finance Are Governments 'Paying for Failure' with Social Impact Bonds? GOVERNING \| Aug. 10 \| Bond Finance CA Competes Offers Webinar on Tax Credits Central Valley Business Journal \| Aug. 10 \| Member News \| Tax Credits A Way to Build Roads and Bridges on Time and on Budget San Francisco \| Aug. 6 \| Infrastructure Finance \| Public-Private Partnership (P3) Financing News Brief: State Tax Credits Novogradac \| Aug. 6 \| Tax Credits Renew Financial Banks $70M in PACE Home Improvements PR Newswire \| Aug. 6 \| Energy Finance \| Green Finance \| State Finance Program City of Lancaster's Sustainable Energy Infrastructure Governing \| Aug. 6 \| Santa Paula's Water Recycling Facility Successful P3 Public CEO \| Jul. 31 \| Infrastructure Finance \| Public-Private Partnership (P3) Financing \| Rural Development Senators Stabenow, Peters, Shaheen Introduce SSBCI Extension CDFA \| Jul. 31 \| Access to Capital \| Federal \| Legislative \| State Finance Program \| State Small Business Credit Initiative (SSBCI) Can Crowdfunding Level the Playing Field for Investment? Next City \| Jul. 29 \| Crowdfunding \| Innovation Finance GO-Biz Awards Training Certificates to Make State Government More User Friendly GO-Biz \| Jul. 29 \| State Finance Program Sacramento Takes Next Steps on Arena Financing The Sacramento Bee \| Jul. 27 \| Bond Finance House Subcommittee Held Hearing on Reauthorizing EPA Brownfields Program Transportation and Infrastructure Committee \| Jul. 20 \| Access to Capital \| Brownfield Financing \| Legislative \| U.S. Environmental Protection Agency (EPA) CA Arts Council Invests $4M in Communities Across the State Sierra Sun Times \| Jul. 20 \| Social Finance \| State Finance Program CDFA Launches Brownfields Project Response Team Site Visit in Texarkana, TX CDFA \| Jul. 16 \| Access to Capital \| Brownfield Financing \| CDFA Original Research >>> SEARCH HEADLINES
Sponsors
Roundtable Partner Annual Roundtable Sponsor Conference Premium Sponsor Conference Supporting Sponsor For information about sponsoring the CDFA California Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.