The Council of Development Finance Agencies (CDFA) is traveling to Philadelphia, PA for the 2023 National Development Finance Summit! The NDFS brings together leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions. Register today for Early Bird rates!

The Meadow Ridge retirement community in Redding, CT has signed an agreement with Verogy to build a 732 kW solar installation. When complete, the project will supply Meadow Ridge with more than 850,000 kWh. The project is made possible with a commercial property-assessed clean energy loan from the Connecticut Green Bank, zero-emission renewable energy credits through Eversource, and investment tax credits.

Join us Tuesday, September 19 at 2:00 PM ET for our next installment of the CDFA // BNY Mellon Development Finance Webcast Series: Best Practices and Strategies for Housing Finance. During this webinar, speakers will break down the different types of financing tools, like tax credits, and explain how they can be used to support affordable housing projects. Speakers will also share successful case studies using these tools. Register today!

The U.S. Department of Agriculture (USDA) selected 50 projects for the Increasing Land, Capital, and Market Access Program. Funded by the Inflation Reduction Act, the program will distribute around $300 million to projects that work with underserved producers and landowners on items like farm ownership opportunities, land succession, and agricultural business planning. Two initiatives led by Iowa organizations are slated to receive a collective $4.3 million to improve land and capital accessibility in the state.

The Council of Development Finance Agencies (CDFA) is pleased to announce Shane Shepard, Director of Economic Development for the City of Lancaster, TX as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. He reflects CDFA's efforts to engage the best and brightest in the development finance industry. Join us to celebrate his achievement.

The U.S. Department of the Treasury announced the approval of $158 million in federal funds for broadband infrastructure and multi-purpose community facility projects in Puerto Rico under the American Rescue Plan's Capital Projects Fund. The announcement includes two funding plans: $85.7 million for broadband infrastructure, and $64.7 million for multi-purpose community technology centers which will bring connectivity to Puerto Rico communities for years to come.

Lendistry has been selected to administer the California Small Agricultural Business Drought and Flood Relief Grant Program. The program will include separate application groups for agricultural businesses affected by drought and flood, respectively. Grant amounts will range from $20,000 to $100,000 and will be determined by the degree of profit loss the business has experienced.

Alabama small businesses, particularly those in historically underserved communities, will soon have the opportunity to apply for a piece of a $100 million pie, with Innovate Alabama gearing up to dole out $97.9 million in expected federal money. A public-private economic development organization, Innovate Alabama is responsible for allocating funds from the State Small Business Credit Initiative (SSBCI), a federal program reauthorized under the American Rescue Plan Act.

The City of Dallas is looking for a full-time manager position for the Office of Economic Development. This position may manage, oversee, and facilitate all economic development activities in its assigned community. It may also be responsible for coordinating multi-departmental teams, leading meetings, developing policy, marketing, monitoring compliance, etc.

The New Jersey Economic Development Authority is now accepting applications for the Brownfields Redevelopment Incentive Program until 5:00 PM on Thursday, September 21. This $300 million competitive program offers up to $8 million in tax credits per project for environmental investigation, remediation, abatement, and demolition activities to allow for the redevelopment of brownfield sites in New Jersey.

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