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Development Finance Review Weekly - February 1, 2018

Development Finance Review Weekly
February 1, 2018
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CDFA Development Finance Review Weekly

Feature

CDFA to Host Webinar on Investing in Opportunity Act (IIOA)
The recently enacted Investing in Opportunity Act aims to revitalize distressed regions by incentivizing groups - through the temporary deferral of a tax on capital gains - to invest in those areas. CDFA will host the "Understanding the Investing in Opportunity Act" Webinar on February 15, at 1:00 PM Eastern.

Jacksonville, FL, Offering $24.2M in Incentives for JinkoSolar
JinkoSolar recently announced that it is finalizing plans to build an advanced solar manufacturing facility in the Jacksonville, Florida. The Jacksonville City Council has already approved $24.2 million in incentives to attract the foreign manufacturer.

Brookfield, WI CDA Approves TIF for Milwaukee Tool
The City of Brookfield Community Development Authority unanimously approved creating a tax-increment financing district Tuesday in order for Milwaukee Electric Tool Co.'s latest expansion plan, which would bring 350 new jobs to the area

Palmyra, MO IDA Approves IRB Issuance
The Palmyra IDA plans to issue $4 million in industrial revenue bonds to encourage businesses to move into an 80-acre addition to the Warren Head Business Park.

CT PACE Program Invests $114M in 200 Projects
The Connecticut Commercial Property Assessed Clean Energy (C-PACE) program has surpassed 200 projects totaling more than $114 million in clean energy investment in businesses, according to the Connecticut Green Bank.

Still Hopes Uses $39.3M in SC JEDA Financing for Expansion
The South Carolina Episcopal Home at Still Hopes is using a $39,325,000 tax-exempt bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) for a major expansion at its West Columbia location.

Infrastructure Plan Would Streamline Environmental Permitting
The administration's draft legislative plan for streamlining the permitting and environmental process for infrastructure projects is laying the groundwork for a war between industry and environmental groups.

New P3 Will Improve Water Quality in Cedar River Watershed
A first-of-its-kind Minnesota P3 is helping improve water quality and address water resource challenges including flooding and sedimentation in the Cedar River Watershed in southern Minnesota.

Upcoming Events
Intro Bond Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

MI Plans to Refill $675M Bond Fund with Landfill Fees
Michigan Gov. Rick Snyder wants higher landfill fees to replace a tapped-out $675 million bond fund for environmental projects. Snyder announced on Tuesday that he wants to increase the current landfill dumping fee from $0.36 per ton to $4.75 per ton. The increase would raise $79 million annually.

Infrastructure Plan Has Flaws, According to Expert
According to Dan Slane, a real estate developer and former Trump Administration advisor, the leaked White House infrastructure plan relies too heaviliy on P3s. Slane believes a greater emphasis should be placed on municipal bonds and direct federal funding.

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.

CDFA Spotlight

CDFA Releases Redevelopment Financing Roadmap for City of Sheridan, CO
CDFA's latest Roadmap to Redevelopment report provides financing recommendations for the South Santa Fe Business Park in Sheridan, CO.

Upcoming Webcasts

CDFA Federal Financing Webinar Series
February 28, April 12, June 14, August 16, and October 18, 2018 - 2:00PM Eastern
The CDFA Federal Financing Webinar Series is an exclusive, five-part online offering that will convene finance experts, federal agencies, and local practitioners to discuss the development finance programs offered by the federal government.

This Week's Headlines

Four Greater MN Cities Awarded Infrastructure Grants
MN DEED | Feb. 1 | Infrastructure Finance

Santa Fe, NM Approves $11M Street Fix
Santa Fe New Mexican | Feb. 1 | Bond Finance | Infrastructure Finance | Tax Credits

How Crowdfunding Helps Entrepreneurs
Knowledge@Wharton | Feb. 1 | Access to Capital | Crowdfunding | Innovation Finance

NY Governor's Proposed Suspension of Tax Credits Could Stall Development
JD Supra | Jan. 31 | Tax Credits

13 MI Projects Receive Housing Tax Credits
Michigan State Housing Development Authority | Jan. 31 | Tax Credits

Plastic Food Container Company to Build Plant in Fort Smith
SW Times Record | Jan. 31 | Bond Finance

Charlotte Airport Funding $200M Expansion with Bonds
The Charlotte Observer | Jan. 30 | Bond Finance | Infrastructure Finance

Ishpeming, MI Senior Housing Project Awarded $671K in LIHTC
The Mining Journal | Jan. 30 | Tax Credits

City of Columbus Makes Changes to Tax Incentive Policies
NBC 4 WCMH-TV | Jan. 30 | Incentives

West Virginia Lawmakers Vote to End Film Tax Credit
U.S. News | Jan. 30 | Legislative | Tax Credits

WH Infrastructure Legislative Outline
The White House | Jan. 30 | Economic Development | Federal | Infrastructure Finance | Legislative

Champlain Valley Milling Opens High-Tech Facility
Press Republican | Jan. 29 | Bond Finance

South Jersey Port Corp. Moves Ahead with Bond Issue
American Journal of Transportation | Jan. 29 | Bond Finance | Infrastructure Finance

State Returning $2.7M for 2016 TIF District Projects
Bowling Green Daily News | Jan. 26 | Tax Increment Finance (TIF)

CDFI Fund Targeting February NMTC Allocation Announcement
Novogradac & Company | Jan. 26 | Tax Credits

Trio of Grand Rapids, MI Projects Receive $2.7 in LIHTC
Mi Biz | Jan. 26 | Tax Credits

$40.2M WHEFA Bond Financing Supports Senior Housing in Madison, WI
WHEFA | Jan. 26 | Bond Finance

Housing Trust Group Develops $36M FL Senior Housing
Mulit-Housing News | Jan. 26 | Tax Credits

$17.9M Ypsilanti, MI Housing Development Uses $8M in LIHTC
The Detroit News | Jan. 26 | Tax Credits


National Sponsor Spotlight

Baker Tilly Virchow Krause Baker Tilly Virchow Krause
More than 2,700 professionals strong, Baker Tilly is a full-service accounting and advisory firm with specialized professionals who connect with you and your business through refreshing candor and clear industry insight. Their focus on industry and...
Ballard Spahr LLP Ballard Spahr LLP
Ballard Spahr is a national firm with more than 500 lawyers in 14 offices in the United States. They provide results-driven counsel and exceptional service in Litigation, Business and Finance, Real Estate, Intellectual Property, and Public Finance.
BNY Mellon BNY Mellon
BNY Mellon 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.

Partner Spotlight

informANALYTICS by Center for Governmental Research informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...

CDFA Bookstore

Cover thumbnail Advanced Tax Increment Finance Reference Guide
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

Veterans Health Foundation - North Las Vegas, NV

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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • 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.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor