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Development Finance Review Weekly - December 11, 2025

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Development Finance Review Weekly
December 11, 2025
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CDFA Development Finance Review Weekly

Features

CDFA's Intro Opportunity Zones Finance Course Returns December 17-18!
Presented in partnership with Grow America, the Intro Opportunity Zones Finance Course will bring together program designers, fund managers, community leaders, investors, and policy experts to share strategies for attracting zone investments and maximizing Opportunity Zones 2.0. The course will also cover key legislative updates, including enhanced bonus depreciation provisions, new zone designations with an emphasis on rural areas, and other critical policy developments. Register today!

JEDA Issues $12.1M in Bond Funding for GREEN Spartanburg Charter School
The South Carolina Jobs-Economic Development Authority (JEDA) has issued $12,135,000 in Educational Facilities Revenue Bonds for GREEN Charter Schools to purchase the building that houses GREEN Spartanburg. The school is one of seven in the GREEN network of schools across the state. GREEN (Global Renewable Energy Education Network) focuses on providing a STEM-based education to nearly 3,000 students in grades K-12 at campuses in Spartanburg, Greenville, Irmo, and North Charleston.

Reauthorization of U.S. Development Finance Corporation Gains Traction in Congress
Lawmakers are moving closer to re-authorizing the U.S. International Development Finance Corporation (DFC), with a long-term extension now likely as Congress prepares to vote on the reauthorization as part of the broader National Defense Authorization Act (NDAA). Under the pending DFC Modernization and Reauthorization Act of 2025, DFC's funding cap could increase dramatically — from roughly $60 billion to as much as $205–250 billion. Proponents say the reauthorization is crucial: it restores DFC's ability to deploy capital where private finance is insufficient, positioning the agency as a key tool of U.S. development diplomacy and strategic investment.

"K-Shaped" Economy Presses Households to the Edge, Warns Economist Mark Zandi
Mark Zandi, chief economist at Moody's Analytics, warns that many Americans are already "living on the financial edge," raising the risk that the current economic gap could trigger a broader downturn. In this "K-shaped" economy, affluent households continue to spend and support GDP growth, while lower- and middle-income families face rising costs, stagnant wages, and shrinking financial buffers. With hiring subdued, layoffs mounting, and consumer spending among vulnerable families faltering, Zandi warns that a surge in pullback by households could act as "fodder for a recession."

USDA Launches $12B Farmer Bridge Payments for American Farmers
The U.S. Department of Agriculture (USDA) will make $12 billion available in one-time bridge payments to American farmers in response to temporary trade market disruptions and increased production costs. Of the $12 billion provided, up to $11 billion will be used for the Farmer Bridge Assistance (FBA) Program, which provides broad relief to United States row-crop producers (e.g., corn, soybeans, wheat, barley, and more). The remaining $1 billion is reserved for specialty crops and other commodities. Funds are scheduled to be distributed by February 28, 2026.

CDFA Opportunity Zones Networking Circle Kicks Off December 11!
Join us today at 1:00 PM for CDFA's first Opportunity Zones Networking Circle Forum on December 11. These sessions offer a space for open conversations, peer learning, and shared problem-solving, guided by experienced Ambassadors who lead the discussion and help keep the conversation going between meetings. Regardless of your level of OZ knowledge, you will gain practical insights, hear what is working in other communities, and expand your network. Networking Circle Forums are exclusively available to CDFA members as a member benefit; register or join CDFA today!

New $5M Revolving Loan Fund for Inland Empire Nonprofits Launches
The Inland Empire Community Foundation (IECF) announced the launch of a $5 million Inland Empire Nonprofit Loan Fund, created in partnership with San Bernardino County, the city of Riverside, and the Nonprofit Finance Fund (NFF). Local nonprofits can apply for flexible, affordable loans designed to help them strengthen operations, manage cash flow, and expand their work, particularly in underserved and low-income communities. The first application window is open through Jan. 31, 2026.

Upcoming Events
Intro Opportunity Zones Finance Course
Upcoming Webcasts

SSBCI Coalition Meeting - Virtual
December 19, 2025 - 1:00 PM - 2:00 PM Eastern
Each month, CDFA hosts SSBCI Coalition meetings where we provide updates, insights, and opportunities for networking and problem-solving. These meetings allow you the chance to connect with peers and stay informed on the latest developments. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.

This Week's Headlines

Ohio Reduced Funding for its Signature Water Protection Program. What Happens Next?
WYSO | Dec. 10 | State Finance Program | Water Finance

Small Business Administration Sets Connecticut Lending Record in 2025
Connecticut By The Numbers | Dec. 10 | U.S. Small Business Administration (SBA)

Wind and Solar Projects Stall as Trump Administration Freezes Renewable-Energy Permits
Reuters | Dec. 10 | Economic Development | Energy Finance | Green Finance | Infrastructure Finance | Legislative

Indoor Ag-Con 2026 to Spotlight "The State of CEA Finance" in Day Two Keynote
CBS 42 | Dec. 9 | Access to Capital | Agriculture Finance | Food Systems Finance | Infrastructure Finance | Resiliency

Midwest Foods Bridges Local Farms and Restaurants in Regional Food-Supply Revival
wttw | Dec. 9 | Access to Capital | Agriculture Finance | Community Development | Food Systems Finance

Research Collaborations Propel Economic Data in Indian Country
Federal Reserve Bank of Minneapolis | Dec. 9 | Community Development | Economic Development | Federal | Tribal Finance

University of Nevada, Reno Grapples With Deep Federal Funding Cuts, Core Supports Hold
Nevada Current | Dec. 9 | Access to Capital | Agriculture Finance | Community Development | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

USDA Hosting Rural Telecommunications Infrastructure Loan Program Webinar
USDA-RD | Dec. 9 | Economic Development | Rural Development | U.S. Dept. of Agriculture (USDA)

U.S. Solar Installations Surge in Q3 2025
oilprice.com | Dec. 9 | Economic Development | Energy Finance | Incentives | Tax Credits

U.S. Treasury SSBCI Equity Capital Program Office Hours
U.S. Treasury | Dec. 9 | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury | Webcasts

$152M Financing Secured for 315-Unit Affordable Housing Project in Columbus,OH
Yield Pro | Dec. 9 | Bond Finance | Community Development | Economic Development | Housing Finance | Public-Private Partnership (P3) Financing | Redevelopment | Tax Credits

$26M Financing Closed for Historic Touro Shakspeare Home Redevelopment in New Orleans
Biz New Orleans | Dec. 9 | Bond Finance | Community Development | Historic Preservation | Housing Finance | Incentives | Public-Private Partnership (P3) Financing | Redevelopment

Governor Shapiro Secures $195M Investment from DrinkPAK to Open Manufacturing Facility
Pennsylvania Department of Community & Economic Development | Dec. 8 | Economic Development | Opportunity Zones

Revolving Loan Fund Eyed for Affordable Housing Development
Capitol Pressroom | Dec. 8 | Housing Finance | Revolving Loan Funds (RLFs)

USDA Allocates $3.6M for Rural Iowa Businesses and Emergency Services
4KTIV | Dec. 8 | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)

‘Great Housing Reset' is Coming: Income Growth to Outpace Home-Price Growth in 2026
yahoo!finance | Dec. 6 | Housing Finance

Fort Madison City Council Approves $10K of TIF Funds for Housing Trust Fund
Fort Madison Daily Democrat | Dec. 6 | Housing Finance | Local Finance Program | Tax Increment Finance (TIF)

State Department Ends Support for Some Food Security Programs
devex.com | Dec. 5 | Agriculture Finance | Federal | Food Systems Finance

Tunica-Biloxi Chairman Pierite Elected President as Tribal Nations Unite Behind New Economic Alliance
Native News Online | Dec. 5 | Community Development | Economic Development | Tribal Finance

Building a Stronger HTC Industry Together: Inside the Historic Tax Credit Coalition
Novogradac | Dec. 4 | Historic Preservation | Member News | Tax Credits

Montana Department of Commerce to Allocate $8M of Federal Funding for Affordable Housing
Montana Department of Commerce | Dec. 4 | Federal | Housing Finance | U.S. Dept. of Housing & Urban Development (HUD)

U.S. Department of Transportation Announces BUILD Grant Program
U.S. Department of Transportation | Dec. 4 | Community Development | Economic Development | U.S. Dept. of Transportation (DOT)

U.S. Treasury Releases December 2025 NMTC Qualified Equity Investment Report
U.S. Treasury CDFI Fund | Dec. 4 | Tax Credits | U.S. Dept. of Treasury | U.S. Dept. of Treasury CDFI Fund

U.S. Treasury SSBCI Equity Capital Program Office Hours
U.S. Treasury | Dec. 4 | Community Development | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury

What Will Be the Hottest Housing Markets of 2026? See Redfin's List
USA Today | Dec. 4 | Economic Development | Housing Finance


National Sponsor Spotlight

Kutak Rock LLP Kutak Rock LLP
Kutak Rock LLP is a national law firm of more than 500 lawyers with offices from coast to coast. Their firm serves local, regional, and national clients in a practice that spans a wide range of disciplines. They encourage their attorneys to take...
McGuireWoods McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP uses client-focused teams to serve public, private, government, and nonprofit clients from virtually every area of the law. To complement their services, they offer...
MuniCap, Inc. MuniCap, Inc.
MuniCap, Inc. is a public finance consulting firm based in Columbia, Maryland that specializes in the public finance aspects of redevelopment. MuniCap is headquartered in Columbia, Maryland, with additional offices located in Dallas, Texas,...

CDFA Bookstore

Cover thumbnail Innovation Finance Reference Guide
The Innovation Finance Reference Guide explores the growing seed, venture capital, and angel investment industry, and gives development finance agencies a roadmap for building an innovation finance initiative that supports entrepreneurship, business investment, and job creation.

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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