It's Time to Register for the 2024 CDFA Summer School!
CDFA Summer School is a 2-week long virtual series of courses designed to help you accelerate your development finance education, with a curation of seven different training courses to choose from. Don't miss the opportunity to learn from our expert practitioners and experience CDFA's most interactive educational event of the year! Register today!
What Now for the Greenhouse Gas Reduction Fund Green Finance Programs?
Two Greenhouse Gas Reduction Fund (GGRF) programs—the National Clean Investment Fund (NCIF) and the Clean Communities Investment Accelerator (CCIA)—total $20 billion and will rely on eight nonprofit investment coalitions to create a national clean energy finance network that drives investment in projects that meet GGRF's program objectives. While the Environmental Protection Agency (EPA) is currently negotiating agreements, there are actions that advocates, community-based organizations and project developers, local and state government, and philanthropy can take now to maximize GGRF's impact in your community.
Join CDFA for Our Upcoming Intro Tax Increment Finance WebCourse
Register for CDFA's Intro Tax Increment Finance (TIF) WebCourse taking place on June 26-27. Join us to learn the guiding principles and appropriate application of TIF. Our panel of expert instructors will discuss TIF deal-making and best practices highlighted by projects from around the country.
U.S. Interior Invests $242M for Water Infrastructure in American West
The Department of the Interior announced a $242 million investment that will bring clean, reliable drinking water to communities across the West through five water storage and conveyance projects. The projects in California, Colorado, and Washington are expected to add at least 1.6 million acre-feet of additional water storage capacity, enough water to support 6.4 million people for a year. The funding will also invest in a feasibility study in Arizona designed to advance water storage capacity once completed.
Bayview Provides C-PACE Financing on Monterey Park, CA Multifamily
Bayview PACE provided $15.5 million in Commercial Property Assessed Clean Energy (C-PACE) financing for Whitmore Villa, a $52 million multifamily development located in Monterey Park and developed by Chateau Group, on behalf of project sponsor GreenState Holdings, Inc. Located at 126 New Ave. in Monterey Park, Whitmore Villa will include 63 two-story units in two construction phases.
Peoria City Council, AZ Approves Grant for Advanced Metering Infrastructure
The Peoria City Council at a recent meeting unanimously approved the acceptance of a Water Conservation Grant Fund from the Water Infrastructure Finance Authority of Arizona for the implementation of an advanced metering infrastructure feasibility study and pilot program. The grant provides up to $3 million in funding to eligible entities for the purpose of conserving Arizona's water supply. The grant does require a 25% match from the city, which would be $750,000.
Petros Launches C-PACE Condo Offering
Petros PACE Finance has launched a lending platform designed to facilitate the development of condominium projects through Commercial Property Assessed Clean Energy (C-PACE) loans. The new offering from Petros enables condo developers to navigate pitfalls that previously prevented them from utilizing C-PACE financing due to the program's traditional focus on properties with single commercial tax liens not suitable for residential condo units.
Ohio Seeks $189M in EPA Funds for State's First Climate Action Plan
Ohio Gov. Mike DeWine's administration is seeking $189 million in federal Inflation Reduction Act funding to help implement the state's first climate action plan. The proposal, submitted to the U.S. Environmental Protection Agency (EPA), would establish a statewide fund to help electrify government fleets, retrofit public buildings, and install solar generation on city, county, and state properties.
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