According to the Commercial Observer, the Research and Development Tax Credit and the Energy Efficient Commercial Building Deduction are often unknown and underutilized, leaving millions of dollars unused in the state.

According to California Economic Summit, state leaders are identifying a range of new revenue streams and tax credits that could expand the development of housing. The new Enhanced Infrastructure Financing Districts (EIFDs) allow local governments to bundle an array of local funding streams, including the property tax increment dollars, and reinvest those dollars in affordable housing and other infrastructure.

Through the Access to Housing and Economic Assistance for Development (AHEAD), the Federal Home Loan Bank of San Francisco announced $1 million in grants. According to Nasdaq, the grants will be used by nonprofit organizations in Arizona, California, and Nevada to finance a variety of start-up costs to foster economic development and promote community stability and self-sufficiency.

The Lodi News-Sentinel reports that City Council approved a new Business Improvement District that is expected to generate about $538,000 for tourism and promotion of the City of Lodi.

According to PRNewswire, PSEG Solar Source announced that it has acquired the Columbia Solar Project from Hanergy America Solar Solutions, which is built on a remediated brownfield. The new facility has 83,000 solar panels on a 105-acre remediated parcel located in a historically industrial zone.

November 19, 2015
Join CDFA and CALED for the California Financing Roundtable Conference on November 19, 2015. This one-day event will feature economic development finance experts and leaders from around the state discussing innovative development finance tools and projects, emerging resources and approaches, and how these methods can catalyze investment in the California economy.

CDFA and Fresno State have partnered together to provide dedicated development finance training to economic developers in California. Offered December 8-10, 2015 at the California State University Fresno campus, these courses will cover revolving loan funds and tax credit financing methods. Both courses qualify for DFCP credit. Limited spots are available, sign up today!

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