CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2017 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer.

The Racine Community Development Committee will hear a request to create a CDBG Micro-enterprise Revolving Loan Fund. The Community Development Committee and the Common Council have already allocated $62,700 of CDBG funds for the purposes of assisting microenterprises through the city's 2018 Annual Action Plan.

The Lincoln Institute of Land Policy and Professor David Merriman have developed five recommendations on ways to improve Tax Increment Financing (TIF) for economic development. Their guidance stems from case studies and a review of academic work on TIF theory, practice, and effectiveness.

With an approved brownfield plan, the Park District project at the western edge of downtown East Lansing should break ground early next year. The East Lansing City Council unanimously approved a nearly $5.9 million brownfield plan for the $102 million project, which would include a hotel and a mixed-use apartment building.

On September 13 the U.S. House of Representatives passed S. 2800, the Water Resources Development Act. The bill reauthorizes WIFIA, the Drinking Water State Revolving Fund, the Clean Water Act, and authorizes $6.1 billion for Army Corps of Engineers studies.

The Kresge Foundation and The Rockefeller Foundation received 141 responses from fund managers from across the nation who are creating Opportunity Funds and attempting to raise billions in new capital to spur a range of community development investments via this new tax benefit. 

In this three-part blog series "Making Vanilla Green or Making Green Vanilla," EDF+Business Sustainable Finance Manager Jake Hiller, and Clean Energy and Sustainable Finance Intern Gabriel Malek unpack how an environmental advocacy group like EDF could best use its resources and expertise to drive impact in the fixed income market. 

OMB's Office of Information and Regulatory Affairs has acknowledged receipt of proposed regulations from Treasury to provide guidance concerning capital gains invested in Opportunity Zones pursuant to provisions under the new U.S. tax law. The proposed regulations will be released once OIRA review is completed.

Register now to receive the best rates for the 2018 CDFA National Development Finance Summit on November 7-9. During the event you will meet industry experts from public and private sectors and have the ability to connect with financing, learn about the latest approaches, and discover development finance solutions to bring to your local community. Don't miss out on our biggest event of the year!

The near-death experience that private activity bonds went through in 2017 under tax reform helped boost their issuance to $24.9 billion last year. That's a 22% jump from the $20.4 billion reported in 2016 when Illinois did not participate in the annual survey the CDFA conducts of PAB issuance under state volume caps.

A long-planned, as yet undeveloped high speed rail project from Southern California to Las Vegas is being acquired by Brightline, a private passenger train service operator in Florida. The project is the first outside Florida for Brightline which runs trains between Miami, Fort Lauderdale and West Palm Beach.

>>> SEARCH HEADLINES