Some things are just better in person—like the CDFA National Development Finance Summit! Join us this November in Baltimore for three days of face-to-face engagement with top minds in development finance. This premier event brings together thought leaders, dealmakers, and industry experts from across the country, designed for both public and private sector participants. Network, share insights, and discover innovative financing solutions tailored to your needs. Register today! A special thanks to our Presenting Sponsors, the Maryland Department of Commerce and the Department of Housing and Community Development!

The U.S. Department of the Treasury announced that it has allocated $65 million in New Markets Tax Credits (NMTCs) to the Colorado Growth and Revitalization (CGR) Fund. Colorado Housing and Finance Authority (CHFA) administers NMTCs through the CGR Fund, a Community Development Entity that operates in partnership with the City and County of Denver, and for which CHFA is the managing member. Since its inception, CGR Fund has deployed approximately $297 million in NMTC supporting more than 3,500 jobs throughout Colorado.

Invest Atlanta has approved the sale of roughly $557 million in bonds to support the construction of Centennial Yards' entertainment district opposite Mercedes-Benz Stadium. The bonds are part of a massive $1.9 billion incentive package approved by the city for the 50-acre mixed-use development now under construction by CIM Group. The property, formally known as The Gulch, was a warren of below-street-level parking lots and CSX train tracks for decades. D.A. Davidson's Development Finance Group said in a press release that the $575 million in financing is one of the largest public-private partnerships in the country.

The U.S. Department of the Treasury announced the Michigan Economic Development Corporation will be awarded $9 million to support small business growth through the State Small Business Credit Initiative (SSBCI) Investing in America Small Business Opportunity Program (SBOP). The program will focus on helping small and underserved automotive manufacturers and aftermarket suppliers secure financing and scale their operations. It will also help businesses in the internal combustion engine auto supply chain transition into serving electric vehicle production or an adjacent industry.

The Black Farmer Fund raised $11 million in September 2023 to support Black-owned agricultural systems through wealth-building opportunities. Since then, the New York-based nonprofit has reached its target goal in a second fund, which will deploy $20 million in capital to improve the Black food system. It will specifically target food businesses in the Northeast region and provide support in the form of low-interest loans and gifts. The intention is for the awarded businesses to enable Black growers to strengthen their presence in the market and gain greater authority in the supply chain.

U.S. Environmental Protection Agency (EPA) staff joined Miccosukee Chairman, Talbert Cypress, to recognize a $15 million grant to the Miccosukee Tribe of Indians of Florida for community-driven solutions to cut climate pollution. This grant award will support three greenhouse gas (GHG) reduction measures to deliver substantial environmental, economic, and health benefits to Tribal residents. Specific efforts include conducting a fleet sustainability study, replacing internal combustion engines with electric vehicles (EV), including electric school buses, and installing solar-powered charging stations. The Climate Pollution Reduction Grants (CPRG) program is an initiative funded through the Inflation Reduction Act.

Appalachian Community Capital seeks a strategic and experienced professional to serve as the organization's first Chief Risk and Compliance Officer (CRCO). The CRCO will lead the development and execution of risk management strategies and a comprehensive compliance program for the organization's wholly-owned subsidiary, the Green Bank for Rural America. The CRCO will be instrumental in leading the development and execution of risk management strategies including a comprehensive compliance program for ACC's federally funded initiative which includes managing and directing the allocation of $450 million in capitalization and technical assistance (TA) awards to approximately 50-70 community lenders.

Reporting to the President & Chief Executive Officer of the Green Bank, the Chief Financial Officer (CFO) will be instrumental in building and overseeing financial management, human resources, IT infrastructure, and procurement activities. Successful candidates will possess a robust entrepreneurial spirit, comprehensive financial expertise, a passion for the Green Bank's mission, and proven experience in a startup or transformative environment.

Reporting to the President & Chief Executive Officer of the Green Bank, the Chief Investment Officer (CIO) will be instrumental in managing and directing the allocation of $450 million in capitalization and technical assistance (TA) grants to approximately 50-70 community lenders. These grants are intended to finance projects that significantly reduce pollution and support investments in new energy opportunities in priority rural communities nationwide.

>>> SEARCH HEADLINES