Join Instructor Toby Rittner for a two-day dive into the development finance tools available to your community in the Fundamentals of Economic Development Finance WebCourse. Explore key tools like bonds, tax credits, Tax Increment Financing (TIF), revolving loan funds, federal financing programs, and access to capital lending resources. Based on CDFA's Practitioner's Guide, this course qualifies for the DFCP Program. Register today!

The U.S. Senate approved the Thomas R. Carper Water Resources Development Act of 2024 (WRDA), following its passage in the House on December 10, 2024. This legislation aims to improve the nation's water resources infrastructure, including ports, inland waterways, and flood protection. WRDA authorizes the U.S. Army Corps of Engineers to undertake projects that enhance global competitiveness, supply chains, and community resilience. The bill streamlines processes, reduces red tape, and improves water infrastructure across the country. It continues the bipartisan, biennial tradition of WRDA legislation since 2014.

The U.S. Department of Agriculture (USDA) announced the final approximately $300 million in assistance to distressed direct and guaranteed farm loan borrowers under Section 22006 of the Inflation Reduction Act. Over the past two years, USDA acted swiftly to assist distressed borrowers in retaining their land and continuing their agricultural operations. Since President Biden signed the Inflation Reduction Act into law in August 2022, USDA has provided approximately $2.5 billion in assistance to more than 47,800 distressed borrowers.

The Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, enabling it to continue supporting American innovation and competitiveness. Since 1965, EDA has funded programs enhancing public works, job creation, disaster recovery, and industry advancement. The reauthorization ensures continued investments in economic opportunity and community resilience. From January 2021 to November 2024, EDA directed nearly $6 billion in investments, creating or saving over 550,000 jobs and generating $67.7 billion in private investment. EDA will continue to support long-term economic growth across the nation.

Global stocks plunged as the 10-year U.S. Treasury yield hit its highest level since May, following the Federal Reserve's decision to slow the pace of rate cuts. Despite an expected rate cut, Fed Chair Jerome Powell's cautious tone triggered a market selloff. All three major U.S. indexes experienced their largest drop in months, while Europe's STOXX 600 fell 1% and Asian stocks dropped 0.5%. The Fed's stance also led to a selloff in government bonds, pushing the 10-year Treasury yield to 4.53%.

The U.S. Department of Transportation's Build America Bureau has announced $27 million in technical assistance grants for rural and tribal communities through the Rural and Tribal Assistance Pilot Program, created by the Bipartisan Infrastructure Law. The Bureau will accept applications on a first-come, first-served basis from March 4, 2025, at 2 PM Eastern until April 3, 2025, at 4:59 PM Eastern. The program offers single-project grants ($200,000 to $750,000) and multi-community grants ($500,000 to $2.25 million) to support the planning and design of transportation projects.

The Project Manager position administers grants, loans, and/or other services provided to local governments and nonprofit organizations located in designated areas. The incumbent ensures compliance with federal, State, and Departmental standards and regulatory and statutory requirements. This position may also provide technical assistance, review applications for awards, approve disbursement and tax credit certification requests against project terms and funding guidelines, and assist with the preparation of grant and loan documents.

The Energy Program Manager is responsible for the day-to-day administration of one or more energy programs. This position requires a higher degree of independence and proactive problem-solving skills. Duties include overseeing the qualification and assignment of applicants, review of provided services, setting production goals, developing and monitoring budgets, developing and providing guidance to partnering organizations, evaluating performance metrics, training for staff and partners, preparing agreements and contracts, analyzing program data, and preparing reports. 

The Department of Housing and Community Development is seeking an experienced and self-motivated accounting professional to join our Energy Efficiency programs team. The Fiscal Manager assists the Program Managers in the implementation of program operations to support the Housing and Building Energy Programs. This position is responsible for the day-to-day accounting, analysis, and fiscal compliance for all Housing and Building Energy Programs (HBEP aka "CDA-Energy") programs.

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