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Development Finance Review Weekly - April 10, 2025

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Development Finance Review Weekly
April 10, 2025
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CDFA Development Finance Review Weekly

Features

See You in D.C.! The 2025 CDFA Federal Policy Conference Kicks Off Next Week!
Join us for the 2025 CDFA Federal Policy Conference, presented with CHFA, on 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!

CDFA Member Discount for The Bond Buyer Southeast Public Finance Conference
The Bond Buyer invites you to the Southeast Public Finance conference on May 14–15 in Atlanta, GA. You'll experience a conference that gathers the industry's brightest minds to spotlight a region that deserves more attention. Not only will you have the opportunity to earn CPE credits, but you'll also receive exclusive access to experts who have the most profound knowledge of the region's challenges and opportunities, including infrastructure, social services, and housing. Use code MCDFA20 for 20% off your registration today and join us in Atlanta, GA!

Fed Eyes Emergency Tools as Bond Market Turmoil Spills Into Lending and Local Economies
The Federal Reserve is weighing emergency measures to calm bond market turmoil and rising Treasury yields, triggered by a stock rout linked to tariff policies. Options include easing capital rules, targeted bond buys, or liquidity support for banks. The Fed aims to stabilize markets without spurring inflation. Community and economic development experts are watching closely, concerned about the impact of higher rates on infrastructure, housing, and small business lending in under-resourced areas.

Global Bond Markets Reel as Tariff Fallout Sparks Investor Exodus
Steep U.S. tariffs have sparked a global bond selloff, pushing the 10-year Treasury yield to 4.38%—its biggest weekly jump since 2013. Hedge funds unwinding leveraged trades amid margin calls have fueled the turmoil, raising borrowing costs worldwide. Japanese and British long-term yields hit multi-decade highs. Japan vows to work with the G7 and IMF to stabilize markets, while pressure mounts on the Federal Reserve to act through rate changes or emergency lending to prevent broader economic fallout.

Join CDFA for the Return of the Revolving Loan Fund Course Week!
CDFA's Revolving Loan Fund Course Week is returning with the intro level on May 12-13 followed by the advanced level on May 14-15. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

SSBCI Technical Assistance Boosts NC Small Business Growth
North Carolina's SSBCI Technical Assistance Program—led by the NC Rural Center and SBTDC—helps small businesses overcome capital access barriers. Services include loan application support, financial management training, and strategic business counseling. Funded by the U.S. Treasury, the program offers one-on-one advising, workshops, and tools to improve operations and access to funding for businesses statewide.

Upcoming Events
2025 CDFA Federal Policy Conference
Upcoming Webcasts

CDFA // BNY Development Finance Webcast Series: Tax-Exempt Bonds in Affordable Housing Development
April 22, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will provide an in-depth look at Low-Income Housing Tax Credit (LIHTC) bonds and how they've been used to finance the construction and rehabilitation of affordable housing units.

CDFA-Bricker Graydon Webinar Series: A C-PACE Success Story
April 29, 2025 - 2:00 PM - 3:30 PM Eastern
During this engaging webinar, attendees will gain a clear understanding of the full lifecycle of a C-PACE project.

Job & RFP Postings

Maryland DHCD - CDA Lending and Risk Analyst III Project Manager Team Lead
The Project Manager Team Lead oversees a team within the Multifamily Energy Efficiency and Housing Affordability (MEEHA) programs. They manage program initiatives, train and supervise Project Managers, and review their work, including approving funding requests and inspections. They liaise with energy auditing firms, approving Qualified Auditor applications and certifications. Additionally, the PM Team Lead develops program policies, guidelines, and reports, including Standard Operating Procedures, training materials, and performance data for external agencies. They also assist in long-term program planning and improvement. Eight years of experience evaluating the risk involved in granting single family, multifamily and commercial loans, government assistance programs, and/or construction management.

Maryland DHCD - Community Program Administrator II - Youth Homeless System Improvement Specialist
This position leads the YHSI steering committee and partner Continuums of Care in the development and implementation of youth-specific coordinated entry assessment tools, data collection, and reporting tools at a state and local level. This position leads, analyzes, and evaluates youth homeless services project- and system-level performance. This position is responsible for coordination of research, data and coordinated entry initiatives funded under YHSI. In this capacity, this position provides reports, updates, presentations, and recommendations to the YHSI steering committee, Director, Senior Policy Officer, and leadership team of the Division of Homeless Solutions.

RFP – Union Plaza Redevelopment
The City of El Paso, Texas is seeking to sell seventeen (17) City-owned properties and partnering with an experienced Development Team(s) to redevelop the properties using 'adaptive reuse' which refers to the process of repurposing an existing building or structure for a new use, while retaining its historic or architectural features. The properties are generally located between Santa Fe Street, Chihuahua Street, Paisano Street and Overland Street which is Union Plaza area in the City's historic downtown. Sites can be sold as individual properties or for a Master Plan Development. Please log into the City of El Paso's Ionwave website to view the Current Bid Opportunity: Bid Number 2025-0386R Union Plaza Redevelopment.

This Week's Headlines

Oregon Launches 0% Revolving Loan Fund for Middle-Income Housing
Benzinga | Apr. 10 | Access to Capital | Housing Finance | Incentives | Revolving Loan Funds (RLFs) | State Finance Program

Bond Market Turmoil Deepens as Tariff Shock Drives Long-Term Yields Higher
yahoo!finance | Apr. 9 | Agriculture Finance | Bond Finance | Community Development | Economic Development | Energy Finance | Green Finance | Infrastructure Finance | Resiliency

Dramatic Sell-Off of US Government Bonds as Tariff War Panic Deepens
The Guardian | Apr. 9 | Bond Finance | Federal

Refugee Pause Threatens Michigan's Economic Momentum
Bridge Michigan | Apr. 9 | Federal | State Small Business Credit Initiative (SSBCI)

Rhode Island Hospital Debt Restructuring Shifts Financial Burden to Local Taxpayers Amid New Federal Healthcare Policies
The Valley Breeze | Apr. 9 | Bond Finance | Community Development | Economic Development | Healthcare | Infrastructure Finance

Trump Announces 90-Day Pause on New Tariffs Against Every Country but China
Politico | Apr. 9 | Federal | International

American Farmland Trust Launches Emergency Resilience Grant for Farmers
foodtank | Apr. 8 | Access to Capital | Agriculture Finance

WA Commerce Invests Over $23M to Improve Grid Infrastructure, Increasing Grid Reliability for 18 Communities
Washington State Department of Commerce | Apr. 8 | Energy Finance | Infrastructure Finance

B. Riley Launches Bond Exchange to Cut Debt: A Strategic Signal for Community-Focused Finance
MarketScreener | Apr. 7 | Bond Finance | Community Development | Economic Development | Infrastructure Finance

Indiana Farming Organizations Awarded $6.7M to Support Food Chain Resiliency
Hoosier Ag Today | Apr. 7 | Access to Capital | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

Lawsuits Mount as EPA Green Fund Freeze Jeopardizes Key Projects
Kiowa County Press | Apr. 7 | Energy Finance | Federal | Green Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Tariffs Trigger Bond Market Freeze
yahoo!finance | Apr. 7 | Bond Finance | Community Development | Economic Development | Infrastructure Finance

Innovate Alabama Backs VC Firms to Boost Startup Growth Through SSBCI
Alabama News Center | Apr. 4 | Access to Capital | Innovation Finance | State Finance Program | State Small Business Credit Initiative (SSBCI)


National Sponsor Spotlight

BNY BNY
BNY is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries. Our clients include governments and their agencies, corporations, financial institutions...
Frost Brown Todd LLP Frost Brown Todd LLP
With over 600 lawyers across their eight-state footprint, Frost Brown Todd LLP offers a deep, talented roster of legal professionals. Committed to their clients, the firm leverages technical, industry, and legal knowledge and hands-on experience to...
Grow America | Formerly NDC Grow America | Formerly NDC
NDC is now Grow America. In a time of unprecedented growth, we're proud to be the country's first and most dedicated community and economic development nonprofit. For over five decades, we have worked to improve the lives of millions of people...

CDFA Bookstore

Cover thumbnail Practitioner's Guide to Economic Development Finance 3rd Edition
The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

New Members

Oklahoma Department of Commerce - Oklahoma City, OK

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
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • PGAV Planners, LLC
  • RDF
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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