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Development Finance Review Weekly - January 8, 2026

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Development Finance Review Weekly
January 8, 2026
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CDFA Development Finance Review Weekly

Features

CDFA Winter Institute — Five Core Development Finance Course in One Week!
The all-new CDFA Winter Institute debuts February 23-27, 2026! We're excited to bring you five executive format courses that were a hit at the 2025 Summer Institute. Designed for busy professionals, courses are scheduled without overlap, allowing you to complete multiple core classes in a single week while building a practical, integrated understanding of development finance. This is one of your only opportunities in 2026 to complete CDFA's core introductory training courses. Knock out your DFCP requirement courses this February! Learn more about the courses offered and register today!

CDFA Recognizes William Smith, DFCP
CDFA is pleased to announce William Smith, Economic Development Manager for the City of Douglasville, Georgia, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. As a new graduate, Mr. Smith joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

Treasury Awards $90M in New Markets Tax Credits to Colorado Growth, Revitalization Fund
The U.S. Department of the Treasury announced that it has allocated $90 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 founded in partnership with the City and County of Denver, and for which CHFA is the managing member. This is the seventh consecutive year that the CGR Fund has been awarded NMTCs. The allocation will grow the approximately $376 million in NMTCs already deployed in Colorado.

ACA Subsidy Cliff May Mean ‘Astronomical Tax Bills' for Many, CFP Says
For the first time in years, many Americans enrolled in a health insurance plan via the Affordable Care Act marketplace will need to keep a careful accounting of their annual income — or risk a hefty federal tax bill. Enhanced ACA subsidies lapsed at the end of 2025, leaving millions of households on the hook for higher insurance premiums. The lapse also reintroduced the so-called subsidy cliff, whereby households that earn even $1 more than a specific income threshold will lose all eligibility for subsidies, also known as premium tax credits.

NOFO: 2026 CSCI Grants Opportunity for US-based Climate Resilience Projects
CSCI awards provide funding and technical assistance to advance community-based climate resilience in US communities or regions that are highly vulnerable to the impacts of climate change. The total grants budget is $1.5-2 million, and grants typically range from $75,000 to $115,000 based on the scope of work proposed in the application. CSCI anticipates awarding between 16-20 grants for the 2026 cycle. Applications are due March 12, 2026.

NOFO: Better Utilizing Investments to Leverage Development (BUILD) Grant Program
The U.S. Department of Transportation (DOT) Better Utilizing Investments to Leverage Development (BUILD) grant program, formerly known as the RAISE or TIGER program, is offering funding up to $25 million to support surface transportation projects that align with identified national objectives. Projects may include highways, bridges, roads, public transportation, passenger and freight rail transportation, port infrastructure, intermodal, and other surface transportation. Competitive applications should have a significant local and regional impact and improve transportation infrastructure. Applications are due February 24, 2026.  

NOFO: Funding Opportunity Under Supportive Services for Veteran Families
The Department of Veterans Affairs (VA) is announcing the availability of funds for grants under the SSVF Program. This NOFO contains information concerning the SSVF Program, the renewal and new applicant grant application processes, and the amount of funding available. Awards made for grants will fund operations beginning October 1, 2026. Applications are due no later than 4:00 p.m. Eastern Time on Thursday, February 19, 2026.

$15M TIF Plan for Chattanooga's Northgate Mall Redevelopment
The Chattanooga City Council recently approved a total $15 million Tax Increment Financing (TIF) plan, with $8.7 million for construction, to address the mall's aging water and sewer infrastructure. A new resolution with additional provisions has been proposed, including a new branch of the Chattanooga Public Library, an amphitheater, and pedestrian accommodations.

RI Infrastructure Bank Approves $21M in Financing for Providence Water Upgrades
Rhode Island Infrastructure Bank has closed on a $21 million Drinking Water State Revolving Fund loan for Providence Water to fund major water-main rehabilitation projects in Trinity Square and South Providence, the infrastructure bank announced. The utility serves more than 75,000 retail customers across Providence and surrounding communities and operates one of the state's most critical public infrastructure systems.

Treasury Officials Announce $10B in NMTC Awards
The Community Development Financial Institutions (CDFI) Fund has awarded $10 billion in New Markets Tax Credit (NMTC) allocation authority to 142 organizations across the country. The awards, announced in December, cover allocation rounds for 2024 and 2025. The community development entities receiving allocations were selected from a pool of 216 applicants. Awards ranged from $20 million to $95 million.

Upcoming Events
CDFA Winter Institute
This Week's Headlines

2020-2024 American Community Survey 5 Year Prerelease Webinar
United States Census Bureau | Jan. 8 | Education | Federal | Opportunity Zones

‘No Path' for Another GOP Party-Line Bill, Ways and Means Chair Says
Politico | Jan. 7 | Federal | Legislative

U.S. Department of Treasury Redesigns State Small Business Credit Initiative Webpage
U.S. Department of Treasury | Jan. 7 | Access to Capital | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury

Development Fund of the Western Reserve Receives $45M in New Markets Tax Credit Allocation Authority
Development Fund of the Western Reserve | Jan. 6 | Tax Credits | U.S. Dept. of Treasury | U.S. Dept. of Treasury CDFI Fund

eHealth Announces $125M Asset-Based Revolving Credit Facility
yahoo!finance | Jan. 6 | Healthcare

Flow of Funds: Michigan's 2025 State Revolving Fund Impact
State of Michigan | Jan. 6 | Revolving Loan Funds (RLFs)

HRIF Provided $50M for New Markets Tax Credits
STLPartnership | Jan. 6 | Tax Credits

Local Infrastructure Hub Webinar: Grant Implementation, Compliance and Management
Local Infrastructure Hub | Jan. 6 | Community Development | Economic Development | U.S. Small Business Administration (SBA) | Webcasts

Missouri Lawmakers Propose Expanding Tax Credits for Food Pantry Donors
KCTV 5 | Jan. 6 | Tax Credits

National League of Cities Webinar: How Rural Community Leaders are Creating Economic Opportunity
National League of Cities | Jan. 6 | Community Development | Rural Development | Webcasts

New Mexico Fills Gap After Congress Lets ACA Tax Credits Expire
The City Record | Jan. 6 | Federal | Legislative | Tax Credits

On The Last Days For Solar Tax Credits, A Tampa Crew Works Down To The Wire
Tampa Bay Times | Jan. 6 | Energy Finance | Federal | Legislative | Tax Credits

Affordable Housing Sector ‘Faces a Complex Landscape' in 2026
mcknightsseniorliving.com | Jan. 5 | Housing Finance | Opportunity Zones | Tax Credits

Committee Approves Ordinance to Issue $90M in Revenue Bonds to Reimburse Civic Plaza
Citizen Portal AI | Jan. 5 | Bond Finance

Illinois Hopes to Lure Major Developments by Expanding a Bond Program Statewide
St. Louis Public Radio | Jan. 5 | Bond Finance

New Resilience Taxonomy Brings Clarity to Climate Risk in the $4.3T Municipal Bond Market
The AI Journal | Jan. 5 | Bond Finance

Ulster Approves Fund to Help Farm Businesses
Westfair Business Journal | Jan. 5 | Agriculture Finance | Revolving Loan Funds (RLFs)

What Will the Chiefs' Move Cost Kansas? A Complex Deal Leaves Massive Unknowns
KCUR NPR | Jan. 5 | Bond Finance | Economic Development

Why 2026 Is a Pivotal Year for Opportunity Zones
OpportunityZones.com | Jan. 5 | Opportunity Zones

Sioux Center City OKs Water Tower Environment Findings
Sioux Center News | Jan. 3 | Revolving Loan Funds (RLFs) | Water Finance

Fridley, MN, Approves TIF District for New Commerce Lane Warehouse
hometownsource.com | Jan. 2 | Infrastructure Finance | Tax Increment Finance (TIF)

Indiana Revolving Loan Program Helps Communities Keep Pace With Job Growth
The Journal Gazette | Jan. 2 | Housing Finance | Revolving Loan Funds (RLFs)

Opportunity Zones Explained: The Beginner's Guide To OZs
OpportunityZones.com | Jan. 2 | Opportunity Zones

PowerBank Enters $8MM Revolving Credit Facility with NY Green Bank
abladvisor.com | Jan. 2 | Energy Finance | Green Finance | Revolving Loan Funds (RLFs)

$100M in Loans Available for Home Construction in Ohio
Business Journal Daily | Jan. 2 | Housing Finance | Revolving Loan Funds (RLFs)


National Sponsor Spotlight

BNY BNY
BNY is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries. Our clients include governments and their agencies, corporations, financial institutions...
Frost Brown Todd LLP Frost Brown Todd LLP
With over 600 lawyers across their 18 offices in nine states, Frost Brown Todd LLP offers a deep, talented roster of legal professionals. Committed to their clients, the firm leverages technical, industry, and legal knowledge and experience to serve...
Wells Fargo Securities Wells Fargo Securities
Wells Fargo Securities offers a comprehensive set of capital markets services, including originating and distributing public debt and equity, hedging interest rates and commodity and equity risks, advising on mergers and acquisitions, and...

CDFA Bookstore

Cover thumbnail Tax Credit Finance Reference Guide
The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.

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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