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!

New York City Economic Development Corporation (NYCEDC) on behalf of the City of New York is pleased to release a request for proposals (RFP) seeking proposals from qualified parties for the long-term lease or purchase and development and/or activation of two parcels located in the East New York Industrial Business Zone (IBZ) in Brooklyn. The RFP follows the May 2023 announcement of over $500 million in new funding from the City and the Metropolitan Transit Authority to improve the public realm and bring complete ADA access to the Broadway Junction Station and new commitments from the City and NYCEDC to advance real estate initiatives in the East New York IBZ.

CDFA congratulates Fawn Zimmerman, Managing Director of CDFA Advisory Services at the Council of Development Finance Agencies (CDFA), on graduating from the Development Finance Certified Professional (DFCP) program. Ms. Zimmerman assists development finance agencies nationwide with strategic planning, finance program development, grant writing assistance, and development finance education and training. She also leads initiatives to enhance capital access for underserved communities.

The U.S. Department of Housing and Urban Development (HUD) awards $100 million in grants to 18 winners benefitting communities across the 15 States to cut red tape, build more homes, and lower the costs of renting and buying a home. These competitive funds – delivered in record time – are provided through HUD's Pathways to Removing Obstacles to Housing (PRO Housing) program, to remove barriers to local housing production.

CDFA congratulates Taylor Dietz, Consultant for Quest Site Solutions, on graduating from the Development Finance Certified Professional (DFCP) program. Ms. Dietz plays a key role in site selection and economic development projects, contributing throughout all project stages—from detailed site and infrastructure assessments to incentive capture. She is passionate about helping clients expand their impact and strengthen local economies.

The Federal Emergency Management Agency (FEMA) announced the third funding opportunity for the Safeguarding Tomorrow Revolving Loan Fund (RLF) program, making $178 million available to enhance community resilience against natural hazards. Funded by the Bipartisan Infrastructure Law (P.L. 117-58), this program allows the establishment of revolving loan funds that provide low-interest loans for local hazard mitigation projects. Local governments can apply for low-interest loans through their state, territory, or Tribal Nation's RLF.

A bond offering by the Los Angeles Department of Water and Power that was expected to price this week moved to "day-to-day status" amid the wildfires in Southern California, according to people familiar with the matter, who asked not to be identified discussing the deal. That designation typically signals a deal will price when conditions warrant. The utility was set to offer water system revenue bonds for capital projects. Power system bonds sold by the utility have dropped in the past week after the devastating wildfires in Los Angeles.

With the Trump Administration taking office, now is the critical moment to unite to preserve and protect the SSBCI program and its funds. In 2025, CDFA expects the new Administration to review and potentially restrict the funding allocated under the previous Administration for the SSBCI program. CDFA is committing its advocacy resources to address this challenge. Your support is crucial in this effort. As in the past, we have asked SSBCI stakeholders nationwide to band together to support the preservation and protection of the SSBCI Program. We will need your voice and your financial support to do so. Through our robust SSBCI Coalition and our advocacy team in Washington, DC, we will continue to be the voice of the SSBCI community.

Bond yields are surging globally, reflecting a significant selloff in government debt that is making borrowing more expensive across various economies. This trend adds pressure on indebted countries. Strong economic indicators, particularly robust job growth in the U.S., have led investors to reassess their expectations for interest rates. The yield on 10-year U.S. Treasury notes has surged past 5%, marking a substantial increase from previous months and indicating a shift in market sentiment towards higher borrowing costs. Persistent inflation remains a critical factor driving yields higher. As consumer prices continue to rise, investors demand greater compensation for holding bonds, leading to increased yields.

The City of Norfolk is seeking an Assistant Director to join an exciting opportunity with the new Department of Housing and Community Development. The Department of Housing and Community Development oversees a variety of housing and community development programs and services for those who wish to be a part of the City of Norfolk's vibrant communities. The department seeks to provide opportunities for City of Norfolk residents to live in safe, quality, affordable housing by developing, preserving, and revitalizing communities through responsible and transparent processes. Join us as we work to build great neighborhoods. Applications close on January, 31.

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