In 2020, the Council of Development Finance Agencies (CDFA) was awarded a grant from the U.S. Department of Agriculture (USDA) Rural Development to provide technical assistance to rural communities that have recently experienced a natural disaster. During this three-year grant period, CDFA successfully provided technical assistance to four rural communities: Puna Region, Hawai'i; Lake City, South Carolina; Southern Pines, North Carolina; and Menominee County, Wisconsin. The successful completion of this grant exemplifies CDFA's enduring commitment to rural community development.

Affordable Housing Partners is using a more than $77 million bond issued through the South Carolina Jobs-Economic Development Authority (JEDA) to finance a new affordable workforce housing community in Columbia. The proceeds of the bond will be used to finance costs to acquire, construct, and equip the Silver Station Apartment Homes, a 240-unit apartment community with a clubhouse, pool, playground, and other recreational areas on Farrow Road in the capital city.

Only one week away from our 2023 National Development Finance Summit (NDFS)! The NDFS brings together leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. Register today to get this in-person and exclusive learning and networking experience!

Arizona will now join the 16 states that have green banks; Groundswell Capital, a non-profit financing entity in Tucson, will be the first green bank in Arizona. Green Banks are just like any other bank, but they're a little bit more mission-driven — their mission is to deploy capital to help incentivize the creation around the clean energy market.

The Council of Development Finance Agencies is pleased to announce Alessandra Desiderio, Development Officer for Prairie Rose Development, in Kirk, CO, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Desiderio joins the ranks of fellow graduates who have invested in their professional development and are recognized as emerging leaders in the development finance industry.

The Illinois Energy Conservation Authority NFP (IECA), an Illinois tax-exempt nonprofit, announced it closed $10.9 million in financing for a C-PACE multifamily project in Rockford, Illinois. The transaction marks the second C-PACE closing in Winnebago County.

The U.S. Department of Energy (DOE) announced up to a $1.3 billion commitment to three transmission lines crossing six states. This commitment will advance transformative projects aimed at adding 3.5 gigawatts of additional grid capacity throughout the United States, equivalent to powering approximately 3 million homes, and creating more than 13,000 direct and indirect jobs.

MassDevelopment issued a $5 million tax-exempt bond on behalf of Glenmeadow, a nonprofit life plan senior community, which will be used to complete several projects. This financing complements an $8 million tax-exempt bond MassDevelopment issued on behalf of Glenmeadow in 2021.

The City's Office of Environmental Quality and Sustainability has initiated a request for proposal for Underwriting and Loan Services related to the administration of EPA Brownfields Revolving Loan funds. The City uses a "Bonfire" platform for proposals and interested parties will need to "register as a vendor" with the City. The deadline is November 10th.

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