About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

Development Finance Review Weekly - April 29, 2021

Having trouble viewing this newsletter? View it online.
Development Finance Review Weekly
April 29, 2021
Subscribe
View Archives
CDFA Development Finance Review Weekly

Spotlight

Bipartisan CDFA Legislation to Modernize Private Activity Bonds Introduced in Congress
CDFA is pleased to announce that Reps. 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. 2737. 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.

Features

SBA's Guidance on the $28.6B Restaurant Revitalization Grant Program
The Small Business Administration (SBA) provided guidance on how the $28.6 billion Restaurant Revitalization Fund will work. The Restaurant Revitalization Fund provides for qualified restaurants and other food establishments to obtain tax-free federal grants of up to $10 million to replace the loss of revenues resulting from the pandemic. Unlike the SBA's Paycheck Protection Program, the Restaurant Revitalization Fund will be administered directly by the SBA.

DOE Offers $8.25B in Transmission Loans for Clean Energy Projects
The Department of Energy (DOE) announced $8.25 billion in loans available for transmission projects and the White House released a fact sheet on the coordinated efforts between DOE and the Department of Transportation (DOT) to modernize the electric grid. The total included up to $5 billion in loan guarantees for innovative transmission projects, such as offshore wind, along with up to $3.25 billion in the Western Area Power Administration's (WAPA) transmission infrastructure fund.

Treasury Department Sets SSBCI Session, Tribal Consultation
The U.S. Department of the Treasury announced that it will hold an information session on the State Small Business Credit Initiative (SSBCI) on May 13 and a tribal consultation on May 27. The American Rescue Plan Act reauthorizes and amends the State Small Business Credit Initiative Act of 2010 to provide resources to tribal governments named in the annually published list required by the Federally Recognized Indian Tribe List Act of 1994 to support small businesses.

EPA Announces $6.5B in New Funding for Water Infrastructure Projects
The U.S. Environmental Protection Agency (EPA) announced the 2021 notice of funding availability under the agency's Water Infrastructure Finance and Innovation Act (WIFIA) program. These lending programs accelerate investment in critical water infrastructure through innovative and flexible financing that can support a wide range of projects in both large and small communities. "EPA's $6.5 billion in water infrastructure funding will provide more than $13 billion in water infrastructure projects while creating more than 40,000 jobs," said EPA Administrator Michael S. Regan.

Biden Administration Outlines Key Resources to Invest in Coal and Power Plant Community Economic Revitalization
The White House Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization released a report that was delivered to President Biden and included the initial recommendations from the Interagency Working Group  to catalyze economic revitalization, create good-paying, union jobs, and support workers in energy communities – hard-hit coal, oil and gas, and power plant communities – across the country.

Cleveland, OH Food Bank Expansion Comes at Critical Time, as Food Insecurity Explodes
The Greater Cleveland Food Bank's $40 million expansion has included the acquisition of 49 acres of Brownfield Property, Philanthropy, New Markets Tax Credits, and CARES Act funding. The expansion will add kitchen and refrigeration capacity and enable the Food Bank to turn its current offices and warehouse into a client-choice pantry and client service center.

BDO Zone Investment Coalition Announces $1B of Deployable Capital for Biobased Projects
The BDO Zone Investment Coalition announced the mobilization of $1B of capital for deployment into biobased infrastructure and manufacturing plants located in Bioeconomy Development Opportunity (BDO) Zones. BDO Zones are areas in both the U.S. and Canada with sustainable surpluses of biomass feedstock, strong capability, and appetite for biobased development and solid infrastructure. BDO Zones located in the U.S. are economically distressed regions eligible for New Market and Opportunity Zone tax credits.

Fitch Renames USPF Tax-Exempt Housing Group as Community Development & Social Lending
Fitch Ratings has announced that their U.S. Public Finance Tax-Exempt Housing Group is now renamed the Community Development & Social Lending Group to reflect the broader scope of the credits covered by the group. Since Mikiyon Alexander joined to lead Fitch's housing team in 2017, they have seen rapid evolution of the sector and their criteria has evolved with it.

Upcoming Events
Advanced Tax Increment Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Muni Bonds Can Help Achieve Racial Equity
Municipal bonds have a significant role to play in achieving racial equity as investors' appetites grow for social impact bonds. A subcommittee of the House Financial Services Committee heard from muni stakeholders regarding how the muni market could address disparities within itself. Specifically, lawmakers discussed a study that found that historically Black colleges and universities pay more in issuance fees than non-HBCUs.

Connecticut Bond Sale Features New Wrinkle
Connecticut's use of a forward-delivery bond in its $1 billion of special tax obligation bonds was a first for the state and well-received, Treasurer Shawn Wooden said. Under such a structure, the state sells tax-exempt refunding bonds to take advantage of low-interest market rates, then delivers the refunding bonds in five months when the bonds to be refunded can be legally redeemed.

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.

Upcoming Webcasts

CDFA SSBCI Briefing
Friday, May 7, 2021 - 1:00 PM - 2:00 PM Eastern

CDFA Federal Financing Webinar Series: Federal Programs for Affordable Housing Investment
Tuesday, May 11, 2021 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Federal Financing Webinar Series, experts will cover how development finance agencies can leverage financing from the federal government to support housing projects in their communities.

CDFA // BNY Mellon Development Finance Webcast Series: Preserving Local Economies with Energy & Water Finance
Tuesday, May 18, 2021 - 2:00 PM - 3:00 PM Eastern
Join CDFA for this next installment of the CDFA // BNY Mellon Development Finance Webcast Series for a discussion about how energy and water finance programs can be positioned to address various local challenges simultaneously.

Job & RFP Postings

CDFA is Hiring a Coordinator of Programming
The Council of Development Finance Agencies seeks a motivated, well- organized and energetic individual to fill the position of Coordinator, Programming. This position is critical to the continued success of CDFA's education, advocacy, research, resources, and networking efforts. This position is responsible for assisting with CDFA's various events including state conferences, training courses, webinars, and the CDFA National Summit.

County of Summit, OH Hiring Director of Community and Economic Development
The County of Summit, Ohio is hiring a Director of Community and Economic Development who will oversee the County's Division of Economic Development, Division of Community Development, and Division of GIS and Planning. The Director will be responsible for leading a small, dedicated team of individuals in responding to the needs of existing small, medium, and large businesses in Summit County, while also working to attract new businesses to the County.

State of New Mexico Hiring an Economic and Energy Diversification Coordinator
The Economic & Energy Diversification Coordinator is responsible for recruiting and supporting renewable energy companies in New Mexico, providing technical support and educational training to renewable energy companies in New Mexico, facilitating degree and apprenticeship programs in the energy sector, and supporting legislation that will help in these activities.

Invest Atlanta Hiring Public Relations Manager
Invest Atlanta is seeking a professional with five or more years of public relations experience to assist with expanding our outreach to key stakeholders, primarily through the media, executive visibility, content development, events, and other initiatives. The Public Relations Manager will be a key member of Invest Atlanta's Marketing and Communications team.

Appalachian Regional Commission Hiring an Economic Development Program Analyst
ARC seeks a collaborative program analyst to manage Federal grants, provide technical assistance to communities and organizations to develop strategic investments, and implement initiatives in the Region. The grant portfolio primarily focuses on manufacturing sectoral development, economic development (e.g., retention & expansion and attraction), and entrepreneurial ecosystem development.

Colorado Lending Source is Hiring a Loan Officer and Human Resources Generalist
Colorado Lending Source is currently hiring for two positions: a Loan Officer to join our Production Team and a Human Resources Generalist to help us with strengthening our incredible company culture!

Mission West Community Development Partners Hiring Business Development Director
MWCDP is a well-established, rapidly growing, community development and economic development organization with a 25-year history of success. We are located in beautiful northwest Montana. Our mission is to improve the quality of life of all the residents of the region we serve. We work to develop a sustainable local economy in communities which are safe, culturally respectful, environmentally progressive, and resilient.

City of Tulsa and Tulsa Industrial Authority Hiring Director to Manage Build Tulsa
The Tulsa Mayor's Office of Economic Development (MOED) and the Tulsa Industrial Authority (TIA) are excited to share this vital role at one of our closest partner agencies, TEDC Creative Capital. This position will work closely with MOED and TIA to manage Build Tulsa, an affordable housing development academy, and coordinate with key stakeholders on the implementation of the City of Tulsa's Affordable Housing Strategy.

This Week's Headlines

Ohio Family Farm ReGeneration Act Proposes New Tax Credit
Cleveland Scene | Apr. 27 | Agriculture Finance | Legislative | Rural Development | State Finance Program | Tax Credits

Frankfort City Commission Proposes to Commit 50% of Downtown TIF Funds, Holds on Broadway Bridge in Kentucky
The State Journal | Apr. 26 | Bond Finance | Tax Increment Finance (TIF)

House Ag Chairman: Use Tax Code to Encourage Purchases from Black Farmers
Successful Farming | Apr. 26 | Agriculture Finance | Incentives | Legislative | Tax Credits

Washington City Considers Using Tax-Incentive Zones to Spur Developments
St. George News | Apr. 26 | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

NOAH Breaks Ground on New Desert Mission Health Center in Phoenix, AZ
AZBigMedia | Apr. 25 | Tax Credits | U.S. Dept. of Treasury CDFI Fund | Federal New Markets Tax Credits (NMTCs)

Eliminating Iowa's Farmland Preservation Tax Incentive Would Hurt Young Farmers
Des Moines Register | Apr. 24 | Agriculture Finance | Food Systems Finance | Incentives | Resiliency | State Finance Program

$2.17M Announced for New Agriculture Investments in Pennsylvania
Northcentral PA | Apr. 24 | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | Rural Development

BJs Wholesale Club Plans to Move Headquarters from Westborough to Marlborough
MetroWest Daily News | Apr. 23 | Economic Development | Tax Increment Finance (TIF)

Local Businessmen Propose Massive Multi-Use Sports Complex at Former Hoku Plant Site
Idaho State Journal | Apr. 23 | Infrastructure Finance | Tax Increment Finance (TIF)

Oval Wood Dish Factory Developers Plan Apartments, Business Space in Historic New York Building
Adirondack Daily Enterprise | Apr. 23 | Historic Preservation | Tax Credits | State Historic Tax Credits

State Could Issue Up to $830M of Green Bonds for North Louisiana Renewable Diesel Plant
The Advocate | Apr. 23 | Bond Finance | Green Finance | Tax Credits | Green Bonds | Green Bonds | State Tax Credit Programs

USDA Rural Development Invests $3.2M in Colorado Center Sanitation District
Valley Courier | Apr. 23 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | U.S. Dept. of Agriculture (USDA)

Wall Street's Trillion-Dollar Environmental, Social, and Governance Club Comes with Huge Tax Perks
Bloomberg | Apr. 23 | Energy Finance | Housing Finance | Tax Credits | Renewable Energy Investment Tax Credit (ITC) | Low Income Housing Tax Credits (LIHTCs)

Bill Aims to Revamp REAP, Move AgSTAR from EPA to USDA
Biomass | Apr. 22 | Agriculture Finance | Energy Finance | Federal | Food Systems Finance | Green Finance | Legislative | Resiliency | Rural Development | U.S. Dept. of Agriculture (USDA) | U.S. Environmental Protection Agency (EPA) | USDA Rural Energy for America Program Grants (REAP Grants) | USDA Rural Energy for America Program Guaranteed Loan Program (REAP Loans)

Five New Colorado Comeback Bills Introduced
EIN Presswire | Apr. 22 | Agriculture Finance | Disaster Recovery & Relief | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | State Finance Program | COVID-19

Growing Climate Solutions Act Reintroduced
Ag Daily | Apr. 22 | Agriculture Finance | Legislative | Resiliency | U.S. Dept. of Agriculture (USDA)

Louisville Partnering with Energize Kentucky to Administer Energy Program Assessment District Program
Louisville-Jefferson County Metro Government | Apr. 22 | Energy Finance | State Finance Program | State Energy Finance Programs

Salt Lake City, UT Housing Development Receives Financing
Housing Finance | Apr. 22 | Community Development | Housing Finance | Tax Credits | Low Income Housing Tax Credits (LIHTCs)


National Sponsor Spotlight

Bricker & Eckler LLP Bricker & Eckler LLP
Bricker & Eckler LLP, is one of Ohio's leading law firms. Located in Columbus, Cleveland and Cincinnati-Dayton, the firm represents corporations, nonprofit organizations, government agencies, health care facilities, school districts, and...
Bryan Cave Leighton Paisner LLP Bryan Cave Leighton Paisner LLP
Formed by the combination of Bryan Cave and Berwin Leighton Paisner, global law firm Bryan Cave Leighton Paisner LLP is purposely structured in a way few other law firms are, as a fully integrated international team that provides clients with clear,...
Business Oregon Business Oregon
Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and...

Partner Spotlight

The Bond Buyer The Bond Buyer
The Bond Buyer is the only independent information resource serving the municipal finance community. Every day and throughout the day, through its web site, e-newsletters and alerts, and daily print edition, The Bond Buyer reaches more than 25,000...

CDFA Bookstore

Cover thumbnail Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency
The Handbook is designed to be a starting point for local leaders to engage in the creation or acceleration of a DFA to build and utilize the development finance toolbox.

New Members

Community First Fund - Lancaster, PA

Employee Ownership Expansion Network - Arlington, VA

Texas Department of Agriculture - Austin, TX

Utah Governor's Office of Economic Development - Salt Lake City, UT

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

Archives

Displaying 1 - 30 of 784

May 2, 2024
April 25, 2024
April 18, 2024
April 11, 2024
April 4, 2024
March 28, 2024
March 21, 2024
March 14, 2024
March 7, 2024
February 29, 2024
February 22, 2024
February 15, 2024
February 8, 2024
February 1, 2024
January 25, 2024
January 18, 2024
January 11, 2024
January 4, 2024
December 28, 2023
December 21, 2023
December 14, 2023
December 7, 2023
November 30, 2023
November 23, 2023
November 16, 2023
November 9, 2023
November 1, 2023
October 26, 2023
October 19, 2023
October 12, 2023




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
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a Sponsor