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!

Mead Valley Wellness Village, a $517 million financing in unincorporated Riverside County, broke ground on June 12 and will provide critical healthcare services to the surrounding community. The California Enterprise Development Authority issued these bonds for the benefit of Riverside County. The proceeds of the Bonds will be used to construct a 450,000 sq. ft. behavioral health campus with five main buildings: a Community Wellness and Education Center, a Children's and Youth Services building, Urgent Care Services, Supportive Transitional Housing, and Extended Residential Care.

Join us on Tuesday, July 23, to interact with equitable lending experts and learn the best practices for removing barriers to affordable capital for underserved borrowers. Our conversation will highlight how leveraging the strengths and expertise of different capital partners, technical assistance providers, and philanthropic supporters can create successful and sustainable programs. CDFA is excited to partner with Lendistry and The Center by Lendistry for this series! Register today!

Denver Mayor Mike Johnston announced a proposal to increase the city's sales tax by 0.5%, where the proceeds from this tax hike would go toward the administration's housing development goals and other housing initiatives. That's equivalent to a five-cent tax on every $10 purchase. The Affordable Denver Fund would bring Denver's current 8.81% sales tax rate up to 9.31%, raising an estimated $100 million a year.

Through the Healthy Food Financing Initiative, the USDA Rural Development and Reinvestment Fund has initiated a new program where food retailers and food retail suppliers are eligible to apply for loans, grants, and technical assistance through the Food Access and Retail Expansion Fund. $60 million is available for the program nationally with loans of $500,000 to $5 million available for food retailers and retail suppliers for redevelopment, land acquisition, renovations, and equipment purchases.

About a dozen Hoosier communities will split $51 million in state funding for public infrastructure set to support construction of 2,400 homes. It's the Residential Housing Infrastructure Assistance Program's first round of awards. Lawmakers authorized the revolving loan fund last year. The program stems from 2023's House Enrolled Act 1005, led by homebuilder Rep. Doug Miller, R-Elkhart.

The Board of Supervisors voted on $306 million in bonds and adopted resolutions to request that the Circuit Court authorize them. County voters need to approve the bonds, and after being reviewed by a judge, they should be on the ballot in November. A portion of the funds is intended for Fairfax County's share of the Washington Metropolitan Area Transit Authority capital improvement program, as well as improvements to and replacement of certain public safety-related facilities.

The Burg Hotel under construction on South King Street isn't just groundbreaking for its vision of bringing a hotel use downtown after a half-century, it also is Loudoun County's first development to qualify for C-PACE funding. Commitments to incorporate sustainable designs in the project's HVAC units, lighting, building envelope, and water systems provided access to a nearly $4 million loan through the program. Together, the enhancements are projected to generate $6,333 in annual cost savings, reduce energy use by 300,000 kBTUs, and avoid approximately 29 metric tons of CO2 emissions each year.

The purpose of this Request for Proposals (RFP) is to seek qualified consultants to conduct a comprehensive strategic assessment of our existing Community Development Financial Institution (CDFI), Thread Capital, and to inform decisions regarding the re-deployment of available small business capital. The selected consultant will evaluate Thread Capital's current lending operations and strategy, Thread Capital's place within micro-lending within North Carolina's capital access ecosystem, and recommend strategies to enhance our effectiveness and impact across North Carolina, with a particular focus on rural communities and marginalized populations.

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