Register for CDFA's Intro Tax Increment Finance (TIF) Course taking place on June 14-15 to learn the guiding principles and appropriate application of TIF. Our panel of expert speakers will discuss TIF deal-making and best practices highlighted by projects from around the country.

The Pinellas County Commission took another big step toward creating more affordable housing with the appropriation of $12.51 million in county funds to support four developments in Lealman, Ridgecrest, and St. Petersburg, totaling 307 units. The planned apartments further the county's new Housing Action Plan announced at the Pinellas County Housing Summit to create quality homes that are affordable to people of all incomes.

Bon Secours Mercy Health Inc. has secured $94.42 million in bond financing through the South Carolina Jobs-Economic Development Authority to finance capital expenditures in Berkeley, Charleston, and Greenville counties. These Hospital Facilities Revenue Bonds, which were issued in connection with new bond issues in Ohio and Virginia, will be used to upgrade facilities across the healthcare system in South Carolina.

The City of Atlanta announced a historic investment of $200 million in public and philanthropic resources to deliver affordable quality housing. Atlanta's mayor is working with the city council to pass a $100 million affordable housing bond while also receiving a $100 million commitment from The Robert W. Woodruff Foundation and Joseph B. Whitehead Foundation to leverage the proposed public funding to expedite the development of affordable housing in Atlanta.

MassDevelopment has issued a $3.3 million tax-exempt bond on behalf of 23 Farrar Street LLC, an affiliate of Soliyarn Inc., which will use proceeds to buy and renovate a vacant 18,000 s/f building located at 23 Farrar St. The company expects to create 84 full-time jobs and 10 part-time jobs over the next three years. Reading Cooperative Bank purchased the bond, which helped Soliyarn achieve a lower cost of capital. MassDevelopment enhanced the bond with a guarantee.

The North Carolina Local Government Commission approved the Greater Asheville Regional Airport Authority's request for $175 million in transportation revenue bonds to be used for the airport's expansion and modernization projects. The commission is tasked statutorily with approving most debt issued by units of local government and public authorities and monitoring the financial well-being of more than 1,100 local government units.

With a stamp of approval by the Sports Authority Board, local government officially will fund the Smokies baseball stadium in downtown Knoxville with $65 million in bonds. The borrowed money will be repaid if the facility and nearby developments generate revenue as planned.

Springdale residents will be voting on a special bond that could potentially build a new senior center on Emma Street in Springdale. If the vote passes to refinance the bonds it would free up money in the city's general fund allowing the city to build projects like a new senior center.

CDFA // BNY Mellon Development Finance Webcast Series: Financing Charter Schools Through Bond Finance and P3
May 16, 2023 - 2:00 PM - 3:00 PM Eastern

2023 Equitable Lending Learning Series: Evaluating Risk
May 23, 2023 - 1:00 PM - 4:00 PM Eastern

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