CDFA Legislation to Modernize Private Activity Bonds Introduced in Congress
The Council of Development Finance Agencies (CDFA) is pleased to announce that Representatives Stephanie Murphy (D-FL) and Darin LaHood (R-IL) have introduced the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) in the U.S. House of Representatives as H.R. 5422. MAMBA would modernize the Internal Revenue Code (IRC) as it relates to small issue bonds, specifically the private activity bond rules for first-time farmers and manufacturing bonds.
Announcing the CDFA Federal Policy Conference: April 14-15, 2020 in Washington, DC
The CDFA Federal Policy Conference will highlight policies and programs at the federal level and will feature development finance experts and practitioners from key federal agencies, congressional offices, and policy organizations. Attendees will have access to networking opportunities with a dozen federal agencies, a federal grant application writing workshop, and so much more. Register now to secure your spot!
Negotiators Agree to Revive, Extend Biodiesel Tax Credit
Congressional negotiators have agreed to revive and extend through 2022 the expired $1-a-gallon tax credit that subsidizes biodiesel and renewable biodiesel production. The tax incentive lapsed at the end of 2017, but the extension through 2022 was included in a 58-page tax package that will be considered as an amendment.
50 Shades of Green Finance: An Untapped Opportunity for Private Equity
The global sustainable finance market has expanded rapidly in recent years, approaching US$320 billion in new issuances in the first 10 months of 2019. Sustainable finance — which is dominated by green bonds, but also includes sustainable bonds, sustainability-linked bonds and loans, and social bonds — represents a growing opportunity for private equity-backed businesses.
P3 Approach to Large-Scale Green Stormwater Infrastructure Helps Build Climate Resilience
Many innovative concepts to mitigating climate change are taking hold in the Great Lakes region. The most notable example is in the Milwaukee area, where the Milwaukee Metropolitan Sewerage District (MMSD) recently issued a Request for Proposals (RFP) for an ambitious new public-private partnership (P3).
CA Treasurer Announces Sale of $272.6M in Green Bonds for CalSTRS Headquarters Expansion
California State Treasurer Fiona Ma announced the results of the sale of $272.6 million of lease revenue bonds to fund a cutting-edge expansion of California State Teachers' Retirement System (CalSTRS) headquarters in West Sacramento using innovative designs to achieve energy and resource savings while enhancing workforce well-being.
Twain Financial Reaches New Milestone with First-Ever RI PACE Deal
Twain Financial Partners has expanded its reach by providing $2 million of financing to the first Property Assessed Clean Energy (PACE) loan on a new construction project in Rhode Island's history. The project, currently a vacant lot located at 580 South Water Street in Providence, will be transformed into a newly-constructed five-story apartment complex with one and two-bedroom units.
An Assessment of the GREEN Act: Implications for Emissions and Clean Energy Deployment
The Growing Renewable Energy and Efficiency Now (GREEN) Act, a discussion draft distributed to Congress on November 19th, proposes to extend several tax credits for clean energy deployment and expand several others. This independent analysis quantifies the combined impact of most major provisions of the proposal on both technology deployment and GHG emissions, through 2030.
HI Energy Office and State Department of Health Create Online Map of Contaminated Land
The Hawaii Energy Office and state Department of Health have created an online map that identifies contaminated lands that officials hope developers can turn into renewable energy sites. The Hawaii Brightfields Initiative grew out of the U.S. Environmental Protection Agency's brownfield program that aims to clean up contaminated sites.
P3 Projects on the Way with an Investment of $235M
Guaynabo Mayor Ángel Pérez Otero has been pushing for more economic development initiatives, and the latest to be announced are three public-private partnerships (P3) in the areas of energy generation and distribution, assisted living facilities for veterans and social interest housing.