Development Finance Review Weekly - May 4, 2017
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Feature |
CDFA National Summit Call for Submissions
CDFA is accepting session submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.
IRS Teeing up More Flexible Rules for Public Approval of PABs
Rules increasing the flexibility of the public approval process for tax-exempt private activity bonds will probably be the next released for municipal bonds by tax regulators, an Internal Revenue Service official recently told lawyers.
Most Special Districts Lag in the Transparency Department
Special districts are all over, and according to one of the first nationwide reports on them, most aren't revealing even basic information online about how they're spending public money.
Allentown Developer Can Use Public Bonds to Refinance $250M in NIZ Debt
Allentown Neighborhood Improvement Zone Development Authority has approved the refinancing of upto $250 million in bonds for a developer. Toby Rittner, president & CEO of CDFA, commended the NIZ-fueled development downtown, but was skeptical that tax-exempt financing could be used for the next project.
WIFIA to Provide $1B to Support $2B in Water Infrastructure Investment
The US EPA Water Infrastructure Finance and Innovation Act (WIFIA) program received 43 letters of interest from prospective borrowers for projects to update our nation's water infrastructure. WIFIA will provide $1 billion in credit to finance over $2 billion in water infrastructure investments.
Reinvestment Fund Issues $50M in Impact Investment Bonds
Reinvestment Fund, an S&P AA rated CDFI, announced the pricing of $50 million in general obligation bonds. Proceeds from the Impact Investment bonds will support small businesses, grocery stores, and childcare centers in struggling communities, helping to bring much needed jobs and boost local economic growth.
Preservationists Fear Loss of Tax Credit Under Trump
President Trump is vowing to make the tax code simpler – but historic preservationists and developers in Buffalo fear he will go so far as to wipe out the federal tax credits that have been a central part of the city's revival.
Death of EB-5 Program Could Halt Brownfields Projects
Development finance experts, including CDFA President & CEO Toby Rittner, argue that growing foreign investment in U.S. brownfields redevelopment projects may drop dramatically if the EB-5 program is eliminated.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
MSRB to Pull Its Proposed Minimum Denomination Rule from the SEC
The Municipal Securities Rulemaking Board is pulling its proposed standalone minimum denomination rule from the Securities and Exchange Commission after dealers argued it is overly complex and would hamper liquidity.
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.
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Upcoming Webcasts |
CDFA // BNY Mellon Webcast Series: Financing Historic Theater Redevelopment
May 16, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, CDFA has partnered with Heritage Ohio to explore the wealth of financing tools available to redevelop historic theaters, including 501(c)(3) bonds, TIF, tax credits, and other creative programs. Join us for this special discussion as we highlight success stories from historic theaters across the U.S.
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This Week's Headlines |
Advocates Fear Continued Delay Could Derail Purple Line P3
The Bond Buyer | May. 4 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing
Penn Station Mess Is No Outlier in New York's Troubled Transportation Landscape
The Bond Buyer | May. 4 | Bond Finance | Infrastructure Finance
Infrastructure Comes after Taxes and Healthcare, Chao Says
The Bond Buyer | May. 4 | Federal | Infrastructure Finance | Legislative | U.S. Dept. of Transportation (DOT)
Budget Deal Puts FBI's P3 Swap of Headquarters in Limbo
The Bond Buyer | May. 4 | Bond Finance | Public-Private Partnership (P3) Financing
HB 187 in LA Would Mandate Payment of ‘Outstanding' Solar Energy Tax Credits
Energy Manager Today | May. 4 | Tax Credits | Energy Finance | Green Finance | Legislative
PIDA Announces $5.5M in Loans to Support 79 Jobs
PA DCED | May. 4 | Access to Capital
WA Bills Would Link Boeing Tax Breaks to Size of Workforce
The Seattle Times | May. 2 | Tax Credits
THDA Using LIHTCs and Multifamily Bond Programs to Impact TN
The Chattanoogan | May. 2 | Tax Credits | Bond Finance
Preserving Agricultural Land in MD Reaping Rewards for Farmers
JD Supra | May. 2 | Agriculture Finance | Tax Credits | Food Systems Finance | Rural Development | Incentives
Spending Bill Includes Transportation Programs
The Hill | May. 2 | Legislative | U.S. Dept. of Transportation (DOT)
New JEDA Bonds Refinance Expansion at Wesley Commons in SC
SC JEDA | May. 2 | Bond Finance
Historic Tax Credit Supporters Estimate $823M Economic Impact in WI
Milwaukee Business Journal | May. 1 | Historic Preservation | Tax Credits
Castle Rock, CO Council Approves Tax Deal to Finance $300M Landfill Redevelopment
Denver Post | May. 1 | Bond Finance | Brownfield Financing
KY Hits Investment Trifecta
Think Kentucky | May. 1 | Economic Development
WI Tech Advocates Push for Larger Startup Tax Credits
The Cap Times | May. 1 | Innovation Finance | Tax Credits
Past Success has TN Concerned About Federal Brownfield Cuts
Knoxville News Sentinel | May. 1 | Brownfield Financing
800 West Broadway Celebrates Grand Opening
MN DEED | May. 1 | Community Development
$10M in NMTC Connects AK Community via Internet
Clearinghouse CDFI | May. 1 | Infrastructure Finance | Tax Credits
NYC Guidelines Unveiled to Show Impact of Climate Change on Infrastructure
The Bond Buyer | Apr. 28 | Disaster Recovery & Relief | Infrastructure Finance
How Would Trump's Proposed Tax Plan Effect KY?
WFPL | Apr. 28 | Legislative
Women's Health Startup Wins Big at Angel OR
Portland Business Journal | Apr. 28 | Innovation Finance
Roundtable Highlights NJEDA's Bank Partnerships' Role in Access to Capital
NJEDA | Apr. 28 | Access to Capital | Innovation Finance
NOFA for CDFI Fund's Capital Magnet Fund
CDFI Fund | Apr. 28 | Access to Capital | U.S. Dept. of Treasury CDFI Fund
3 Ways Muni Bonds Could Benefit from Trump Tax Plan
Barron's | Apr. 28 | Bond Finance | Legislative
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Job & RFP Postings |
Hiring: Assistant Director - Finance Authority of New Orleans
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National Sponsor Spotlight |
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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...
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CohnReznick
With origins dating back to 1919, CohnReznick is the 11th largest accounting, tax and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's...
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FBT Project Finance Advisors LLC
FBT Project Finance Advisors LLC, a consulting affiliate of the law firm of Frost Brown Todd, acts as an independent registered municipal advisor and assists government entities and borrowers in creating the best financing solutions for projects in...
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Partner Spotlight |
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PORTFOL by Philadelphia Industrial Development Corporation
The Philadelphia Industrial Development Corporation (PIDC) is Philadelphia's city-wide economic development corporation. Founded in 1958 as a non-profit, joint venture between the City of Philadelphia and the Greater Philadelphia Chamber of...
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CDFA Bookstore |
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Advanced Bond Finance Reference Guide
The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques.
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New Members |
ICF - Fairfax, VA
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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.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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