Development Finance Review Weekly - February 13, 2025
|
Features |
Preserve & Protect Tax-Exempt Bonds
Bonds are the bedrock development finance tool in the development finance toolbox. Bonds finance public infrastructure like roads, bridges, sewers, water treatment, and utilities, as well as airports, police, fire, and critical public safety needs. Simply put, bonds are the foundation of development finance. That said, there are indications that Congress and the new Administration are taking steps to curtail or potential elimination of all Tax-Exempt Bonds. Losing Tax-Exempt Bonds would devastate American communities and set economic development efforts back decades. Our goal is to preserve, protect, and strengthen Tax-Exempt Bonds, but we need your help and your engagement. Get engaged today!!
2025 CDFA Federal Policy Conference Returns April 15-16!
Uncertainty can cause concern. But it can also provide opportunities. This is why we're hosting the annual CDFA Federal Policy Conference this April 15-16 in Washington D.C. This is your chance to hear from—and be heard by—the people influencing the development finance industry at the federal level. This isn't just a networking conference with informative breakout sessions, it's a chance to sit at the table and talk with representatives from federal agencies. Save your seat at this important meeting of the minds, and help us turn uncertainty into opportunity. Register today!
JEDA Issues $115.8M in Bond Financing for Prisma Health
Prisma Health will use a $115,833,000 revenue refunding bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to refund prior JEDA bond issues. As the state's largest private, non-profit healthcare system, Prisma Health's South Carolina operations include approximately 29,000 employees and 2,827 licensed beds at 18 acute and specialty hospitals. The tax-exempt bond issue will refund the series 2018D and 2022C JEDA bonds issued for expansion and improvements at facilities located in Greenville, Oconee, and Richland counties.
Coming Up Next Month: CDFA's Intro and Advanced Bond Finance Courses
Join CDFA for our upcoming Bond Finance Week! The Intro Bond Finance Course will take place on March 10-11 followed by the Advanced Bond Finance Course on March 12-13. Register for one or both of these courses to learn from experts about how to bring economic growth to your community by utilizing the vast resources of the bond finance industry.
Pennsylvania IDA Approves More Than $2M in Low-Interest Business Loans
The Pennsylvania Industrial Development Authority (PIDA) recently approved more than $2 million in low-interest loans. PIDA provides businesses that commit to creating and retaining full-time jobs with low-interest loans for construction and renovation costs, industrial park projects, land and building acquisitions, machinery and equipment purchases, multi-tenant facility projects, and working capital and accounts receivable lines of credit.
$400M Bond Sale to Fund Schools in Fairfax County, VA
Fairfax County successfully held a $400 million general obligation bond sale, securing a competitive interest rate of 3.57%, significantly lower than the national average of 4.28% for similar bonds. The county's triple-A bond rating—affirmed by Moody's Investors Service, Standard & Poor's and Fitch Ratings—helped secure this favorable rate, allowing the county to borrow at a lower cost than many other local governments. Fairfax County is one of only 53 counties nationwide to hold this prestigious rating from all three agencies. The ratings reflect the county's fully funded reserves, structurally balanced budget and continued investment in retirement plans.
BondTraders Waver as Trump Questions US Government Debt Figures
Bond investors were unsettled by President Trump's remarks on investigating Treasury debt payments for fraud, with some speculating it could signal a pullback in debt issuance. Trump suggested the $36 trillion debt might not be as high as believed. While some hoped for a debt reduction, disruptions to upcoming debt payments are unlikely. The Department of Government Efficiency (DOGE), led by Elon Musk, has raised privacy concerns and faced a temporary court order barring access to government payment systems due to data leak risks.
CDFA Food Systems Finance Webinar Series Kicks Off February 25!
With support from the W.K. Kellogg Foundation, the CDFA Food Systems Finance Webinar Series is a free, online series exploring innovative ways to finance local and regional food systems. Each session covers different aspects of development finance, offering insights into sustainable, equitable, and resilient food systems. The upcoming webinar, Harnessing the Power of Bonds: Transforming Food Systems Through Strategic Investment, will focus on using bonds to transform food systems, supporting underserved businesses, and fostering economic development in communities nationwide. Register today!
|
Upcoming Events |

|
Upcoming Webcasts |
CDFA // BNY Development Finance Webcast Series: Bonds for Disaster Recovery and Economic Renewal
February 18, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will present the various bonds that can be leveraged for disaster recovery and will provide examples of how these can be used to help affected regions recover more quickly and emerge stronger.
CDFA State Rundown: Ohio's First Loan Guarantee Program for Non-Profit Lenders
February 19, 2025 - 1:00 PM - 2:30 PM Eastern
In partnership with Ohio Statewide Development Corporation (OSDC), CDFA is hosting a CDFA State Rundown to explore, discuss, and learn about the application process for the new CorFund program.
Small businesses are the heart of Ohio's economy, driving job creation, fostering community vitality, and sparking local innovation. To support these vital businesses, OSDC has introduced CorFund, a new loan guarantee program aimed at empowering non-profit lenders that assist Ohio's smallest enterprises.
|
Job & RFP Postings |
Opportunity Finance Network - EVP, Head of Sustainable Markets
Based in Washington, D.C., the Executive Vice President, Head of Sustainable Markets will play a pivotal role as OFN's chief executive focused on advancing clean energy, climate resilience, and disaster recovery/response initiatives. The EVP will report to the Chief Executive Officer and supervise the SVP, Environmental Programs. We are seeking candidates with at least 10 years of senior leadership experience, with a minimum of 5 years in roles directly related to climate finance, sustainable investing, or environmental impact, ideally within the nonprofit, community development, or impact investing sectors.
Maryland DHCD - Director, Office of Tenant and Landlord Affairs
The Director will oversee the operation of the newly established Office of Tenant and Landlord Affairs (OTLA) within the Maryland Department of Housing and Community Development. OTLA develops resources for renter applications and tenants to know and exercise their legal rights. OTLA is responsible for creating and updating annually a tenant bill of rights, adopting regulations for first right of refusal legislation, accepting notices as required by law from landlords, maintaining a website to host all tenant resources, and implementing a strategic communications and outreach effort to educate tenants and landlords. OTLA may also implement fair housing testing and identify and refer landlords who violate tenancy laws to relevant law enforcement. OTLA also navigates and refers eligible tenants to legal services, financial and housing counseling, and financial assistance programs.
Maryland DHCD - Program Associate - CDA Lending and Risk Analyst Junior II
The Program Associate assists in the implementation of program operations to support several sub- programs or funding sources using independent judgment and analysis to review and process applications, and prepare, process, and file program documents. The Program Associate works closely with the program staff and interacts with applicants, energy auditing companies, other DHCD staff, and other parties to provide guidance and clarify program requirements. The Program Associate also assists in the development and revising of program regulations, policies, procedures, and operational guidelines. The Program Associate coordinates and prepares periodic and ad-hoc reports for both internal and external stakeholders.
Maryland DHCD - Project Manager - CDA Lending and Risk Analyst II
The Project Manager organizes, coordinates, and manages the funding and execution of energy efficiency initiatives for energy conservation projects within program requirements. The Project Manager applies their expertise of building construction and assemblies, energy diagnostic and modeling methodologies, and energy conservation measure recommendations to successfully manage a project from application, through funding, and construction. The Project Manager reviews and approves funding requests, product specification sheets, payment requests, performs cost benefit analysis, and work progression inspections.
Arizona Industrial Development Authority (AzIDA) - Accountant
The Arizona Industrial Development Authority (AzIDA) is seeking a highly skilled and experienced Accountant to perform critical accounting functions in support of AzIDA's Conduit Revenue Bond and Single-Family Mortgage programs. Reporting directly to the Chief Financial Officer (CFO), this position is primarily an accounting role with some administrative duties related to the Authority's programs. This position currently requires the ability to work remotely, within Arizona, based upon the Authority's business needs. To apply please email your resume and a brief cover letter(optional) to contact@arizonaida.com
|
This Week's Headlines |
CDVCA's Unlock Capital Recruiting Startup Founders for National TA Program Through February
CDVCA | Feb. 13 | Access to Capital
City of St. Cloud, FL Issues RFP for Mixed-Use Development with Public Parking
City of St. Cloud | Feb. 12 | Public-Private Partnership (P3) Financing | Job Postings & RFPs
GreenGain Program Accepting Applications through February 25
www.ctgreenbank.com | Feb. 12 | Green Finance
New Issue Report: Arkansas Development Finance Authority
Fitch Ratings | Feb. 11 | Bond Finance | Revolving Loan Funds (RLFs) | Water Finance
Tennessee Governor Pushes Nuclear Investment
Tennessee Lookout | Feb. 11 | Energy Finance | Green Finance | Revolving Loan Funds (RLFs) | State Finance Program
KeyBank to Give $1.5M to Massachusetts West Side Market's Transformation Project
Morningstar | Feb. 10 | Access to Capital | Food Systems Finance | Foundations | Social Finance
The Bridgeport, TX ISD Board Calls $211M Bond to Build New High School
The Messenger | Feb. 10 | Bond Finance | Community Development | Economic Development | Education | Infrastructure Finance
UBS Likes U.S. Stocks and Bonds as Trump's Pro-Business Policies Float All Boats
yahoo!finance | Feb. 10 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
How Does Inflation Impact Bonds?
MSN | Feb. 9 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
South Dakota Department of Ag and Natural Resources Announces Nearly $19M for Statewide Projects
Tri-State Livestock News | Feb. 8 | Access to Capital | Revolving Loan Funds (RLFs) | State Finance Program | Water Finance
CLIMBER Loan Program Promotes Small Business Resiliency by Increasing Access to Funding
Colorado Office of Economic Development and International Trade | Feb. 7 | Access to Capital | Economic Development | State Finance Program | State Small Business Credit Initiative (SSBCI)
Edacious Raises $8.1M in Series Seed Funding to Unlock Nutrient Density in Whole Foods & Ingredients
PR Newswire | Feb. 7 | Access to Capital | Food Systems Finance | Innovation Finance | Seed Capital
Louisiana Launches State Division to Lead on AI Strategy
Government Technology | Feb. 7 | Access to Capital | Economic Development | Revolving Loan Funds (RLFs) | State Finance Program
TexAmericas Center Announces 2025 Annual Report
TexAmericas Center | Feb. 7 | Infrastructure Finance
Wisconsin: Investing In Statewide Growth
Business Facilities | Feb. 7 | Access to Capital | Development Finance Toolbox | State Finance Program | State Small Business Credit Initiative (SSBCI)
Comprehensive Guide to Funding Opportunities for Sustainable Agriculture
fundsforNGOs | Feb. 6 | Access to Capital | Agriculture Finance | Foundations | Innovation Finance | Revolving Loan Funds (RLFs) | Resiliency | U.S. Dept. of Agriculture (USDA)
Elevate Capital and Business Oregon SSBCI Venture Direct Program
PR Newswire | Feb. 6 | Access to Capital | Economic Development | State Finance Program | State Small Business Credit Initiative (SSBCI)
|
National Sponsor Spotlight |
|
Alliant Insurance Services, Inc.
Alliant Insurance Services makes the process of finding the right management liability and cyber liability insurance coverage quick and easy. With a history dating back to 1925, Alliant ranks among the largest insurance brokerage firms in the United...
|
|
CohnReznick
With origins dating back to 1919, CohnReznick is the 11th largest accounting, tax, and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's...
|
|
CDFA Bookstore |
|
Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how an RLF program can complement economic development strategies, encourage investment and assist traditionally underserved businesses.
|
|
|
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.
|
Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
|
|
Archives
Displaying 1 - 30 of 834
April 24, 2025 |
April 17, 2025 |
April 10, 2025 |
April 3, 2025 |
March 27, 2025 |
March 20, 2025 |
March 13, 2025 |
March 6, 2025 |
February 27, 2025 |
February 20, 2025 |
February 13, 2025 |
February 6, 2025 |
January 30, 2025 |
January 23, 2025 |
January 16, 2025 |
January 9, 2025 |
December 26, 2024 |
December 19, 2024 |
December 12, 2024 |
December 5, 2024 |
November 28, 2024 |
November 21, 2024 |
November 14, 2024 |
November 7, 2024 |
October 31, 2024 |
October 24, 2024 |
October 17, 2024 |
October 10, 2024 |
October 3, 2024 |
September 26, 2024 |
|