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CDFA Texas Financing Roundtable Newsletter - October 2013

CDFA Texas Financing Roundtable Newsletter - October 2013
October 30, 2013
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CDFA Texas Financing Roundtable Newsletter

Feature

Proposition 3 Could Affect Economic Development
The constitutional amendment to authorize a political subdivision of this state to extend the number of days that aircraft parts that are exempt from ad valorem taxation due to their location in this state for a temporary period may be located in this state for purposes of qualifying for the tax exemption.

Mission Council Approves Bonds for Infrastructure Projects
The City Council approved a resolution that allowed the issuance of bonds by the Mission Redevelopment Authority on behalf of a tax increment reinvestment zone, which is worth $7.6 million.

How PACE and Patience Can Build Local Economies
When the Property Assessed Clean Energy (PACE) statute was signed into law by Gov. Perry in June, it allowed the opportunity for countless energy efficiency projects to obtain financing. This article highlights some of the ways PACE is a game-changer.

Civitas, Fort Worth, Chamber Establish EB-5 Partnership
Civitas Capital Group, a leading independent specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds and Wealth Management, announced that it has entered into an exclusive EB-5 cooperation agreement with the City of Fort Worth and the Fort Worth Chamber of Commerce.

Texas Voters Will Decide on 2 New Funds for Water Projects
If Texas voters approve, Proposition 6 on the November 5th ballot would establish two funds to finance local water projects prioritized by the Texas Water Development Board (TWDB), providing a low-interest loan fund for water projects.

Texas, Where Oil Rules, Turns Its Eye to Energy Efficiency
Leaders in Texas are beginning to see energy efficiency as a resource to fuel its growing needs, and backing the approach of PACE bonds to fund projects.

Upcoming Events

CDFA Financing Roundtable Webcast: GA vs. TX: Comparing the Redevelopment Playbooks
During this dual-state webcast, Texas and Georgia will face off and share their respective strategies for fighting blight and encouraging redevelopment. Which state has the better redevelopment playbook? Join CDFA on November 20 for this free webcast as Georgia takes on Texas!

Texas News

Downtown Redevelopment Underway in Lubbock
Lubbock Avalanche-Journal | Oct. 25 | Community Development | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

Will Texas Wind Farms Miss Out On Key Tax Incentive?
North American Wind Power | Oct. 24 | Energy Finance | State Finance Program

Historic Baker Hotel Finally on Pace for Renovation
Mineral Wells Index | Oct. 24 | Redevelopment | Tax Credits

TWDB $2 Million Loan to Breckenridge Approved
Big Country Homepage | Oct. 24 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program

$31.5M from TX State Water Board Awarded to Agua SUD
KVEO 23 | Oct. 22 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program

IRS Agent Warns Jail Bonds in Texas May Be Taxable
Bond Buyer | Oct. 17 | Bond Finance

New WholeLife Healthy-living Development Planned
San Antonio Business Journal | Oct. 17 | Bond Finance

How Gov. Perry Plans to Address DFW's Water Needs
Dallas Business Journal | Oct. 17 | Economic Development | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program

Revionics to Relocate Headquarters to Austin
Market Watch | Oct. 16 | Economic Development | Local Finance Program | State Finance Program

Leaders Push for Water Funding While Other Financing Available
Dallas Morning News | Oct. 15 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program

Santander Could Bring 1,000 Jobs to Downtown Dallas
Dallas Morning News | Oct. 14 | Economic Development | Urban Development

El Paso to Help Fill Vacant Shopping Center Spaces
KFOX 14 | Oct. 10 | Community Development | Local Finance Program | Tax Credits

Texas Incentives Lure Video Game Companies
bigcountryhomepage.com | Oct. 10 | Economic Development | State Finance Program | Tax Credits

Eanes School District Bond Projects Reduce Energy
Statesman.com | Oct. 10 | Bond Finance | Community Development | Economic Development | Energy Finance | Green Finance | Local Finance Program

Historic Statler Hilton in Dallas Sees Rebirth
Dallas Morning News | Oct. 9 | Local Finance Program | State Finance Program | Tax Credits | Tax Increment Finance (TIF) | Federal

Treasury Department Awards Accion Texas Nearly $3M
San Antonio Business Journal | Oct. 8 | Community Development | Economic Development | U.S. Dept. of Treasury CDFI Fund

Plans Drafted for Former Camp Strake
Your Houston News | Oct. 7 | Economic Development | Infrastructure Finance | Local Finance Program

136-acre, $232M Development South of Austin Inches Forward
Austin Business Journal | Oct. 4 | Bond Finance | Infrastructure Finance | Urban Development

Despite Rains, Texas Commissioner Pushes Water Conservation
Keye TV | Oct. 2 | Economic Development | State Finance Program

Water Reservoir Approved for North Texas, Still Needs Funds
Dallas Business Journal | Oct. 2 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | State Finance Program

U.S. Department of Commerce Invests $21M in 11 States
Metro WNY | Oct. 2 | Economic Development | U.S. Economic Development Administration (EDA) | Federal

Frisco Flexes its EB-5 Funding Muscle
Dallas Business Journal | Oct. 1 | Access to Capital | EB-5 Visa | U.S. Citizenship and Immigration Services (USCIS)


New Additions to the Online Resource Database

Application for Brownfields Redevelopment Assistance
Brownfield Financing | Local Finance Program | Redevelopment
The City of Houston has supplemental funds available for the redevelopment of brownfields. This application is for property impacted by the presence or potential presence of a hazardous substance, pollutant, or contaminant, and located within the City of Houston or City of Houston Extra Territorial Jurisdiction.

Texas Enterprise Fund Application
Access to Capital | Economic Development | State Finance Program
This is the application for the Texas Enterprise Fund. To be eligible for Texas Enterprise Fund support, a project must demonstrate a significant return on the state's investment and strong local support.

FRED Ethyl Grant Program Application
Access to Capital | Community Development | Foundations | Rural Development
The Ethyl Grant Program provides matching grants up to $2,500 for projects that improve rural schools and communities.

2014 State Business Tax Climate Index
Economic Development | State Finance Program
The Tax Foundation's 2014 edition of the State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare.



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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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