Linking development finance and food systems can be a daunting undertaking for any community. Research on the current ecosystem of food systems finance has positioned CDFA to identify key strategies for the path ahead in this work. The Food Systems Finance Best Practices Guidebook defines how traditional development finance tools can be used to launch and expand food and agricultural-related businesses and projects and create successful food systems finance programs at the local and regional levels.

The Lincoln City Council gave initial approval to a project to build a 22-story luxury high rise. The council unanimously found the project conforms to the city-county comprehensive plan, which is the first step toward a redevelopment agreement with the city, which are required by projects that use tax increment financing.

CDFA is proud to kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 25-26, 2023! This course will help attendees understand the variety of development finance tools available including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, Opportunity Zones, and access to capital lending resources.

The master plan calls for turning the city-owned, 738-acre site of a closed naval air station into a new mixed-use neighborhood. Austin-based design firm McCann Adams Studio, calls for the work to be done in three phases and suggests tax-increment financing as a way to pay for public infrastructure and other improvement costs.

The DeKalb County Commission has approved a tax allocation district that covers North DeKalb Mall and the areas nearby that will be affected by the upcoming redevelopment of the property. The TAD will fund transportation and mobility upgrades, as well as affordable housing, parks, landscaping and lighting.

The City of Omaha is one step closer to building a streetcar. The Omaha City Council approved $440 million worth of bonds with the city aiming to pay those off with new development. The city is implementing a creative use of tax-increment financing to fund the project, with new development within three blocks of the streetcar line, in the city's urban core.

The City of Tampa's Community Redevelopment Agency (CRA) board on approved a revised budget that makes a major commitment to increasing access to affordable housing. The revised budget allocates more than $20.2 million in new increment revenue and interest earnings toward affordable housing initiatives in Tampa's eight CRA districts.

Bloomington's City Council and Port Authority voted to nearly double the amount of money available to subsidize development near the Mall of America — such as its long-planned waterpark — while opening the door to other major projects. The move gives Bloomington the ability to spend up to $95.2 million in tax increment financing near the mall.

Illinois lawmakers have approved the extension of tax increment finance, or TIF districts throughout the state. The House voted 95-11 to pre-authorize 12-year renewals for eight TIF districts, including four in Chicago.

SSBCI Learning Series - Compliance: Program Reporting Requirements
February 16, 2023 - 2:00 - 4:00 PM Eastern

Intro Bond Finance WebCourse
March 13-14, 2023 - Daily: 12:00 - 5:00 PM Eastern

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