CDFA California Financing Roundtable Newsletter - July 2017
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| Feature |
CA Developers Test New State Certified Credits
Several affordable housing developers are working to close the financing on their latest projects using new "certificated" credits in California. They will be the first to use the financing tool after California leaders made changes to the law to allow for the certification of state low-income housing tax credits (LIHTCs) under a three-year pilot.
GROW Act Would be Good for CA Water
The GROW Act would provide water reliability to the Central Valley Project Improvement Act (CVPIA) to ensure water resources are reliable, predictable, and available to fulfill supply promises, expand infrastructure by enacting one-stop-shop permitting reforms to capture more water, and more.
Transformers Spinoff Wins $22M CA Film Tax Credit
In a major boon to local production, "Bumblebee," the spinoff movie from Paramount's "Transformers" franchise, will shoot in California with the help of a $22-million tax credit. It's the largest tax break awarded to date under a state program aimed at curbing so-called runaway production.
States Across the US Are Finding Innovative Ways to Finance Energy
Many of the initiatives to move our energy system towards clean, renewable power emanate from the state and local levels. A few cities have already reached the 100 percent clean energy mark, with many more committing to eventually meet that standard.
WNC Closes $85 Million CA Institutional LIHTC Fund
The fund will acquire eight properties in both suburban, urban and rural parts of California. Combined, the properties will offer nearly 500 affordable housing units to seniors and families throughout the Golden State.
Study Puts Coastside County, CA Recycled Water Costs at $5.2M
A consultant's draft financial plan estimates that a recycled water project on the Coastside would cost approximately $5.2 million. On top of that, annual maintenance costs are expected to reach approximately $273,000. State Clean Water Revolving Fund loans or bond financing may be pursued.
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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 Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.
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California News |
CA LIHTC Program Supports Affordable Housing on Tribal Lands
KPCC | Jul. 17 | Tax Credits
IBank Partners With OpenGov on New Reporting Tool
IBank | Jul. 14 | Economic Development
Early Plans for Taylor Yard Include New Walkways and Kayaking Spots in Los Angeles
Curbed | Jul. 11 | Brownfield Financing
New Tourism Effort Officially Launches in Butte County, CA
Gridley Herald | Jun. 23 | Tax Increment Finance (TIF)
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Sponsors |
State Partner
For information about sponsoring the CDFA California Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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New Members |
City of Chula Vista - Chula Vista, CA
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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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