New State Funding Puts Solar on the Curriculum for Minnesota Schools
A new, first-of-its-kind state fund could help triple the number of solar installations on Minnesota K-12 schools and community colleges. The omnibus commerce and energy policy and finance bill includes $16 million for solar projects on K-12 schools and nearly $5 million for community colleges.
Biden to Push Electric Vehicles, Clean Energy, Schools in Reconciliation Bill
President Biden will push for electric vehicle rebates, clean energy tax credits, and school funding in the reconciliation bill. The president agreed to a scaled-down infrastructure package in June worth $1.2 trillion with a bipartisan group of senators that does not include many of his policy priorities, like the tax credits and rebates, federal funding of pre-kindergarten or community college.
Virginia PACE Authority Launches Industry-First Marketplace for Funding Building Improvements
Virginia PACE Authority (VPA) was a 2020 winner of the RISE Resilient Innovations Challenge, a Virginia funding challenge which provides funds for worthy efforts to address the sea rise threat in the Hampton Roads region of the state. VPA won funding for several initiatives, including a web-based marketplace where C-PACE funding solutions are matched with projects targeting resiliency and energy efficiency improvements on commercial buildings.
Learn How to Finance Energy Infrastructure at CDFA Virtual Summer School on August 9-10
Communities throughout the country are aggressively searching for innovative strategies to finance energy, transportation, water, broadband, and other forms of critical infrastructure. At CDFA Virtual Summer School, attendees of the Intro Infrastructure Finance Course will learn about how vast array of capital solutions available in the development finance toolbox.
Rethinking Climate Finance to Improve Infrastructure Resilience
The impacts of a changing climate are no longer hypothetical. Each year, extreme events such as hurricanes, droughts, fires, and freezes grow more frequent and more intense—destroying homes, disrupting businesses, and damaging the natural world along the way. Minimizing and adapting to these impacts must be a priority for every unit of government and every sector of the economy.
Largest C-PACE Project in Connecticut Closes in Hartford
CastleGreen Finance has announced the closing of One Park Road in West Hartford, CT, the largest C-PACE transaction to date in Connecticut at $13,767,000. One Park Road is the redevelopment of an iconic convent which will add a 292-unit multi-family housing complex on the 22-acre property while maintaining much of the greenspace and preserving the Sisters of St. Joseph of Chambéry history and ensuring their retirement security at the property.
Four Proposals to Watch in Sen. Manchin's Big Energy Bill
Sen. Joe Manchin (D-W.Va.) released a 423-page draft bill that includes a $1.2 billion annual nuclear credit program, full funding for Energy Act of 2020 clean energy demonstration programs, and money to deploy more carbon capture and hydrogen pipeline infrastructure. It is also widely seen as a potential piece of the broader $1 trillion infrastructure agreement backed by a group of 21 bipartisan senators.
Bipartisan Infrastructure Plan 2-Pager Released
This bipartisan infrastructure plan is supported by a group of 20 senators—10 Democrats and 10 Republicans—to usher our nation's infrastructure into the 21st century. If signed into law, it would represent the largest infrastructure investment in American history. The plan includes $579 billion in new spending to rebuild America's roads and bridges, improve public transit systems, invest in broadband infrastructure, and upgrade our airports.
CDFA Wants PABs for Electric Vehicle Charging Stations
The Council of Development Finance Agencies is including the enactment of tax-exempt private activity bonds for electric car charging stations among its top lobbying priorities for inclusion in federal infrastructure legislation. CDFA also wants Congress to enact enhancements for aggie bonds and industrial development bonds as well as reinstate the tax exemption for advance refunding bonds.