Join CDFA for the Return of the Revolving Loan Fund Training Course Week!
Revolving Loan Fund Week is coming up next month, with the Intro Revolving Loan Fund Course on May 1-2 followed by the Advanced Revolving Loan Fund Course on May 3-4. Register for one or both of these courses to learn from experts about developing, implementing, and managing revolving loan fund programs that are efficient and impactful.
MassDevelopment Issues $151M in Bond Financing for Affordable Housing Projects
MassDevelopment, Massachusetts' state development finance agency and land bank, has issued $151.7 million in tax-exempt bonds to public housing authorities in the Boston suburbs of Brookline, Cambridge, Framingham, and Medford. The proceeds will be used to renovate and preserve 368 units of housing for families, seniors, individuals living with disabilities, and people experiencing homelessness.
Washington D.C.'s Howard University Announces Initial Closing of $500M Housing Deal
Howard University has closed on a $316 million tax-exempt bond transaction that enhances the student experience, addresses critical housing facility needs, and assures student residential environments commensurate with top-ranked higher education institutions.
CDFA Featured in "Bonding Time" - A Podcast by Bond Dealers of America
CDFA's Director of Government & External Affairs, Mitchell Smith, was interviewed by Brett Bolton, Bond Dealers of America's (BDA) Vice President of Federal Legislative & Regulatory Policy. On this episode of "Bonding Time," they discussed CDFA's legislative agenda for the 118th Congress, the overlapping priorities between CDFA and BDA, the growth of the municipal bond advocacy community in Washington, and the overall outlook for legislation in 2023.
Carolina Beach, NC Plans to Use Revenue Bonds to Fund Infrastructure Projects
Carolina Beach Town Council unveiled its 20-year infrastructure funding plan for $70 million worth of projects. At the council's regular meeting, First Tryon Advisors, hired by the town, presented a financial plan for the project; the main funding source comes from revenue bonds initiated every three years from 2025 to 2033. The plan also includes built-in rate increases.
Oregon Sells Bonds to Fund Projects
The Oregon State Treasury recently completed a $990 million General Obligation (GO) bond sale through its Buy Oregon Bonds Program. Proceeds from the sale will fund projects for affordable housing, facility improvements at K-12 schools and state universities, and emergency readiness. Of the nearly $1 billion in bond offerings, over $109 million was purchased by Oregon retail investors.
$29.2M in JEDA Bonds for South Carolina Retirement Community Expansion
Bishop Gadsden Episcopal Retirement Community is using a $29,2 million bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to expand the organization's life plan community in Charleston. The tax-exempt Economic Development Revenue Bonds will be used to construct and equip 15 new independent living units to be known as The Meade at Bishop Gadsden's 100-acre campus on James Island.
Bipartisan Legislation Introduced in House to Restore Advance Refunding
Congressmen David Kustoff (R-TN) and Dutch Ruppersberger (D-MD) introduced the "Investing in Our Communities Act." This bipartisan legislation will restore tax-exempt advance refunding for municipal bonds so state and local governments can more efficiently invest in projects throughout their communities. The bill was co-sponsored by Reps. Andy Barr (R-KY), Brian Fitzpatrick (R-PA), Andrew Garbarino (R-NY) Dan Kildee (D-MI), Derek Kilmer (D-WA), and Gwen Moore (D-WI).
|