Unlock Funding Opportunities: Join Our Greenhouse Gas Reduction Fund Readiness Workshop!
Join CDFA for an exclusive online workshop that will dive deep into the Greenhouse Gas Reduction Fund (GGRF) and its pivotal components, including the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). The GGRF Readiness Workshop will equip you with the knowledge and tools needed to navigate and leverage these significant funding opportunities effectively. Don't miss out on the chance to enhance your funding strategy and boost your project's success!
MassDevelopment Issues $5.928M Tax-Exempt Bond on Behalf of Walnut Street Center, Inc.
MassDevelopment has issued a $5.928 million tax-exempt bond on behalf of Walnut Street Center, Inc. and its affiliate Community Alternative Residential Environments, Inc. The organizations will use bond proceeds to buy and renovate 4-6 Alfred Circle, a 17,500 s/f building that will operate as an adult day facility serving up to 120 individuals with intellectual disabilities, autism, and brain injury.
We Want to Hear from You! Help Identify Financing Tools for Missing Middle Housing
This year's class of CDFA Franzini Fellows is researching the various financing tools available for missing middle housing, affordable housing, and in particular, pocket neighborhoods. The Fellows are interested in learning about housing financing tools, as well as barriers and solutions to access to capital. By taking just a few minutes to complete this survey, you will lend your experience and industry knowledge to aid in the creation of systems and action plans that can be used for both developers and new homeowners. Thank you for your participation!
Major Financing Authority Returns in Arizona to Finance Projects With Bonds
The Greater Arizona Development Authority is coming back to finance projects with bonds. The bond application closes on Oct. 1, and it is primarily meant for rural and tribal areas in the state for projects ranging from libraries, water infrastructure roads, public buildings, and other purposes that require funding. The authority is planning to finance $50-100 million worth of projects this coming year through "two rounds of funding," which can cover half of a project's "closing costs" and has the bonds paid back through tax revenues or "dedicated project revenues," according to a news release.
Join CDFA for Our Upcoming Intro Tax Credit Finance WebCourse
Register for CDFA's Intro Tax Credit Finance WebCourse, taking place on September 25-26. Join us in learning about the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs, including new markets, low-income housing, historic preservation, and state-specific programs.
PHCC Closes $180.45M Tax-Exempt Pooled Securities Financing in Texas
Preston Hollow Community Capital (PHCC), a provider of specialized impact financing solutions for projects of social and economic importance to local communities, announces the July 25, 2024 pricing and August 1, 2024 closing of a $180.45 million Tax-Exempt Pooled Securities financing through the Public Finance Authority. The financing consists of $120 million of Class A Certificates, which have been assigned an Aa3 (sf) rating from Moody's Investors Service, and $60.45 million of Class B Certificates, which are not rated.
KeyBank Provides $64.7M of Financing for New Affordable Housing in Salt Lake City, UT
KeyBank Community Development Lending and Investment provided $16.6 million in Low-Income Housing Tax Credit equity, a $21.3 million construction loan, and a $6.3 million taxable equity bridge for the construction of Silos Apartments, a new affordable housing high-rise building in Salt Lake City, Utah. KeyBank's Commercial Mortgage Group originated a $20.5 million privately placed forward committed rate-locked permanent loan. KeyBanc Capital Markets also secured and sold $21.3 million in Utah Housing Corporation Multifamily Housing Revenue Bonds for the transaction.
Westchester County, NY LDC Approves $35M Bonds for Sarah Lawrence
Westchester County's Local Development Corporation (LDC) voted preliminary approval to issue $35 million in tax-exempt bonds to finance for renovations and other projects at Sarah Lawrence College in Yonkers near the Village of Bronxville. The bond financing would be for a period of 30 years. There are 10 projects that would benefit from the financing.
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