CDFA Illinois Financing Roundtable Newsletter - July 2017
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Early Bird Rates End This Friday for CDFA Summer School
August 7-11, 2017 - Minneapolis, MN
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the Development Finance Certified Professional (DFCP) Program. Join us in Minneapolis, and start down the road to personal and professional advancement. Courses include: Fundamentals of Economic Development Finance, Intro Bond Finance, Intro Brownfields Finance, Intro Energy and Water Finance, and Intro Revolving Loan Fund.
IL Bonds Rally After Ending Budget Impasse
Illinois bonds surged as the legislature moved closer to ending a record-long impasse over the budget, reducing the risk that the state's bond rating will be cut to junk. The rally came after the state senate overrode Governor Bruce Rauner's veto to approve tax increases and the first full-year budget in two years.
New Development May Be Coming to Franklin Park Brownfield
The developer was able to take advantage of Cook County's Brownfields Assessment Grant Cook County grant. Funded by the U.S. Environmental Protection Agency in 2014, the grant funds cover cost of the study of the potential contaminants and the planning phases of a site's clean up, or remediation.
IL's Budget Impasse is Over
Illinois' bruising two-year run without a state budget is over, but business leaders are left feeling they got the short end of the stick: higher taxes with virtually none of the regulatory and political changes they sought.
IL Community May Use Grant Money for RLF
The Greater Sterling Development Corp. board has discussed setting up a local revolving loan fund with money from a similar fund that was set up with federal Community Development Assistance Program grant funds.
IL Financial Challenges Remain Despite Passing of Budget
The state still has unpaid bills hovering around $15 billion, and that number could rise as more come in with the fog of the record-setting budget impasse lifting. There are cash flow issues that mean covering monthly expenses remains a challenge. And a $130 billion shortfall in government pensions has yet to be addressed.
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Upcoming Events |
CDFA Summer School
August 7 - 11, 2017 - Minneapolis, MN
CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.
CDFA // BNY Mellon Webcast Series: 2016 Volume Cap Report and Mid-Year Capital Markets Review
August 22, 2017 - 1:00 PM Eastern
During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, we'll take a mid-year look at the capital markets, consider the financing trends that volume cap data is showing us, and discuss what you can expect during the last months of 2017.
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Illinois News |
Supportive Housing Development for Young Adults Heads to Humboldt Park in Chicago, IL
Curbed Chicago | Jun. 23 | Tax Credits | Tax Increment Finance (TIF)
Discovery Depot Planning Second-Floor Expansion in Galesburg, IL
The Register-Mail | Jun. 23 | Tax Increment Finance (TIF)
$23M Bristol Place Redevelopment Moves Forward
News-Gazette | Jun. 14 | Redevelopment | Tax Credits
Lakewood, IL Votes to Dissolve Recently Created TIF District
Illinois Policy | Jun. 14 | Tax Increment Finance (TIF)
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Sponsors |
State Partner
Venue Sponsor
Principal Sponsor
Premium Sponsor
Supporting Sponsor
For information about sponsoring the CDFA Illinois Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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