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Development Finance Review Weekly - July 17, 2025

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Development Finance Review Weekly
July 17, 2025
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CDFA Development Finance Review Weekly

Features

Early Bird Rates for the CDFA Summer Institute End Friday, July 18!
Early Bird Rates for the CDFA Summer Institute end July 18! Don't miss this intensive week of comprehensive development finance education in half the time! CDFA's all-new executive format provides you with five 6-hour streamlined learning experiences from the CDFA Training Institute, making it easier than ever to take multiple courses. Save even more when you register for all five courses!

Bipartisan Bill Proposes Housing RLF Backed by GSE Proceeds
Reps. Nicole Malliotakis and Tom Suozzi have introduced bipartisan legislation to create a housing revolving loan fund (RLF) using proceeds from Fannie Mae and Freddie Mac's potential release from conservatorship. The fund would support state-led efforts to build or rehabilitate housing for middle-class and essential workers. The proposal aligns with broader goals to expand affordable homeownership and rental opportunities nationwide.

"One Big Beautiful Bill" Act Overhauls and Extends Opportunity Zones
The One Big Beautiful Bill Act (OBBBA) makes Opportunity Zones (OZs) permanent, narrows eligibility, and shifts incentives toward rural investment. New zones will be designated in 2027, with enhanced reporting and a focus on long-term impact. While real estate still dominates OZ use, supporters see potential in expanded housing and job creation. Critics remain concerned about limited benefits to underserved communities and lax investment restrictions.

Evolving Bond Trends: CDFA & BNY Talk Bond Ratings, Benefits for Investors and Issuers
The recording of the most recent session of the CDFA // BNY Development Finance Webcast Series is available for a limited time! Listen to expert panelists discuss how evolving trends in credit evaluations can enhance the accuracy, timeliness, and comprehensiveness of ratings, ultimately benefiting both investors and issuers. Special thanks to our moderator, Troy Pitman, and our speakers Nicholas Lehman and Jane Ridley. Don't miss the next session!

2025 CDFA National Development Finance Summit Agenda Announced!
CDFA is excited to announce the agenda for the 2025 National Development Finance Summit in San Juan, PR, October 8-10! We're proud to bring you a diverse schedule designed around the most pressing issues in our industry and inspired by our conference location: Puerto Rico. Join us for breakout sessions covering topics like Housing Finance, Opportunity Zones, Clean Energy, Food Systems, Disaster Recovery, Bridging Gaps in Federal Finance, and much more. Look forward to special Puerto Rico development spotlights and collaborations with local San Juan organizations you can't get at any other conference. You won't want to miss our Signature Event: The Community Capital Collaborative connection-building session. Check out the agenda and register today!

"One Big Beautiful Bill" Makes Waves in Municipal Finance
The One Big Beautiful Bill Act (OBBBA) extends and expands several key tax provisions—including permanent 2017-era tax cuts, expanded SALT deductions, and new "Trump Accounts"—while also reallocating funds in ways with major implications for local governments. For cities, this means potential growth in taxable household income and municipal revenues, but also heightened uncertainty: large cuts to Medicaid and SNAP funding may increase demands on local safety nets and tighten state and federal grant streams. Infrastructure planners should note that while defense and border spending surged, clean energy incentives were dialed back, potentially impacting city clean-power initiatives. Community development and municipal finance professionals must now brace for both the upside of a friendlier municipal tax environment and the downside of reduced social funding.

Upcoming Events
CDFA National Development Finance Summit
Upcoming Webcasts

CDFA-Bricker Graydon Webinar Series: Strategies for Housing Project Funding
July 22, 2025 - 2:00 PM - 3:30 PM Eastern
Through this webinar, attendees will learn how TIF can finance housing projects, with TIF providing funding for infrastructure and public improvements that support housing development and neighborhood revitalization.

SSBCI Coalition Meeting - Virtual
July 25, 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.

Job & RFP Postings

CDFA - Coordinator, Knowledge & Networks Division
The Council of Development Finance Agencies seeks a motivated, well-organized and energetic individual to fill the position of Coordinator, Knowledge & Networks. This position is critical to the continued success of CDFA's education, advocacy, research, resources, and networking efforts. This position is responsible for assisting with CDFA's research projects, resource collection, information sharing, newsletter publications, headlines review, and educational efforts. This is an exciting opportunity for an enthusiastic person to contribute to a great organization, working to create economic prosperity across the country. This is a hybrid position is located in Dublin, OH. Interested candidates should email a cover letter, resume, salary request, and three professional/academic references to: jobs@cdfa.net

This Week's Headlines

Great Falls Development Alliance Wins Three National Impact Awards for Housing Efforts
Great Falls Development Alliance | Jul. 16 | Community Development | Housing Finance | Member News

Delaware County, OH, Trail Grant Applications Now Being Accepted
Delaware County Ohio | Jul. 15 | Access to Capital | Infrastructure Finance | Local Finance Program

Lendistry to Offer Flexible Funding Through Airport Concessions Lending Program
Lendistry | Jul. 15 | Access to Capital | Member News

Maryland DHCD Announces New Division of Business Development
Maryland.gov | Jul. 15 | Community Development | Legislative | Member News

USDA Cancels More Support for Regional Food Systems
Civil Eats | Jul. 15 | Agriculture Finance | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

Climate Risk Casts Long Shadow Over U.S. Municipal Bonds
finimize | Jul. 14 | Access to Capital | Bond Finance | Energy Finance | Green Finance | Infrastructure Finance | Resiliency

Senate OKs $27.1B Ag Spending Boost for Rural Resilience
Oklahoma Farm Report | Jul. 14 | Access to Capital | Agriculture Finance | Community Development | Economic Development | Food Systems Finance | Resiliency | Rural Development

$164M Ag Omnibus Empowers Minnesota Farms & Communities
Morning AgClips | Jul. 14 | Access to Capital | Agriculture Finance | Community Development | Economic Development | Food Systems Finance | Resiliency | Rural Development

New Hampshire Explores Housing Investment Trust with Revolving Loan Fund Model
Valley News | Jul. 12 | Housing Finance | Revolving Loan Funds (RLFs) | State Finance Program

Bay Bank Marks 30 Years of Native-Led Lending and Community Investment
Native News Online | Jul. 11 | Revolving Loan Funds (RLFs) | Tribal Finance

OBBBA Reshapes and Extends Opportunity Zones with New Rural Incentives and Oversight
Seyfarth Shaw LLP  | Jul. 11 | Opportunity Zones | Rural Development

DC Green Bank, The Community Preservation Corporation, and Partners Announce $26.7M in Financing for Affordable Housing
Community Preservation Corporation | Jul. 10 | Energy Finance | Housing Finance


National Sponsor Spotlight

SB Friedman Development Advisors SB Friedman Development Advisors
SB Friedman Development Advisors is a real estate and development advisory firm specializing in development strategies and public-private partnerships. Founded in 1990, they work with public, private, and institutional clients. Their mission is to...
Stifel Nicolaus Stifel Nicolaus
Stifel Nicolaus, founded in 1890, is a full-service securities firm dedicated to development finance. Stifel Nicolaus has developed innovative public financing structures for private developments saving millions of dollars for our public and...
The Bond Buyer The Bond Buyer
The Bond Buyer is the only independent information resource serving municipal finance professionals, offering an unparalleled blend of news, analysis, and data that sets it apart in the industry. Moreover, it provides comprehensive education on...

CDFA Bookstore

Cover thumbnail Advanced Tax Increment Finance Reference Guide 2nd Edition
The Advanced Tax Increment Finance Reference Guide builds upon CDFA's introductory offerings by exploring in-depth the complexities and transformative potential of tax increment financing.

New Members

Capitol Public Finance Group, LLC - Roseville, CA

Scottsdale Industrial Development Authority - Carefree, AZ

Williamsburg County Development Board - Kingstree, SC

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
Become a Sponsor