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CDFA Bond Finance Update - February 20, 2018

Bond Finance Update
February 20, 2018
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CDFA Bond Finance Update

Features

$19.2M WHEFA Bond Financing Supports Dodgeville, WI Hospital
Bond financing facilitated by WHEFA will be used to help Upland Hills Health, Inc. finance costs associated with the acquisition, construction and equipping of an addition and renovations to the 25-bed critical access hospital.

Hultgren Welcomes Expansion of PABs in Infrastructure Proposal
Rep. Randy Hultgren (IL-14) welcomed the inclusion of an expansion of PABs in the President's infrastructure proposal. Rep. Hultgren has sponsored CDFA legislation, the Modernizing American Manufacturing Bonds Act (MAMBA) of 2017, H.R. 1115, to expand the use of the key financing tools for manufacturers.

WSU to Issue $120M for Water System Improvements
The Board of Governors of Wayne State University is issuing $120 million in water system revenue bonds the week of February 12, 2018. These Los Angeles water bonds are being issued as a single, tax-exempt series to pay costs of various capital projects.

Coweta County, GA Development Authority to Issue $25.4M
Agreements for a new manufacturing facility in the Coweta Industrial Park were approved by the Coweta City Council, setting the stage for CCDA to issue 25.4 million in revenue bonds to fund the construction.

LA to Issue $231M in Water System Bonds
The Department of Water and Power of the City of Los Angeles is issuing $231 million in water system revenue bonds. These Los Angeles water bonds are being issued as a single series to pay costs of capital improvements to water system infrastructure.

RI Gov. Proposes $48.5M Environmental Bond
Rhode Island Gov. Gina Raimondo's budget proposal for fiscal year 2019 includes a large environmental bond worth $48.5 million to fund land and water quality improvements. It's one of four ballot initiatives the governor is proposing for November 2018. 

Still Hopes Uses $39.3M in SC JEDA Financing for Expansion
The South Carolina Episcopal Home at Still Hopes is using a $39,325,000 tax-exempt bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) for a major expansion at its West Columbia location.

Record $11B in Green Munis in 2017 Across U.S.
Annual US green municipal bond issuance reached a new record in 2017, passing the symbolic $10bn mark with New York retaking the lead from California and becoming the US state with the highest 2017 issuance of municipal green bonds and the highest cumulative issuance.

$40.2M WHEFA Bond Financing Supports Senior Housing in Madison, WI
Bond financing facilitated by WHEFA will be used to help Oakwood Lutheran Senior Ministries finance the construction, renovation and equipping of 73 additional independent living units, 33 additional residential care apartment complex units, and enhancements to the current community center space all located at Oakwood Village Prairie Ridge in Madison, Wisconsin.

Market Reports

Weekly Market Outlook
Moody's | Feb. 15 | Bond Finance | Bond Finance\Market Reports

Municipal Market Update
Stern Brothers | Feb. 13 | Bond Finance | Bond Finance\Market Reports

KPM Financial Weekly Market Report
KPM Financial | Feb. 12 | Bond Finance | Bond Finance\Market Reports

Upcoming Events
Intro Bond Finance WebCourse

CDFA Federal Financing Webinar Series
February 28, April 12, June 14, August 16, and October 18, 2018 - 2:00PM Eastern
The CDFA Federal Financing Webinar Series is an exclusive, five-part online offering that will convene finance experts, federal agencies, and local practitioners to discuss the development finance programs offered by the federal government.

News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

IN Lawmakers Smooth Path for Commuter Rail Expansion
Legislation paving way for a $1 billion expansion of a northern Indiana commuter rail line that runs to Chicago is advancing. The state House approved a bill that lays out the state's financing plan for improvements to the line with local funding sources covering half of the project cost.

Bond Funding Allows Santa Fe to Accelerate Street Repairs
A bond issue that will finance an estimated $11 million in Santa Fe street improvements across the city received the final stamp of approval from the City Council. The bond issue leverages Santa Fe's share of gasoline tax revenue from the state to accelerate a suite of street-maintenance initiatives city staff say are badly needed.

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.

Bond Finance Headlines

Broader PAB Uses in WH Infrastructure Plan
Reuters | Feb. 15 | Bond Finance | Infrastructure Finance | Legislative

Bellevue OKs Incentives for Kent Building Development
The River City News | Feb. 15 | Bond Finance

Council Approves Millions in Sewer Bonds
News-Press Now | Feb. 13 | Bond Finance | Infrastructure Finance | Water Finance

Munster Creates Redevelopment Authority to Administer Financing
The Times of Northwest Indiana | Feb. 11 | Bond Finance | Infrastructure Finance

Council Set to Approve Kawasaki Bond Deal
Maryville Daily Forum | Feb. 9 | Bond Finance

Bond Sale to Provide up to 650 Affordable Homes in Vermont
WAMC Northeast Public Radio | Feb. 9 | Bond Finance | Community Development

New Planes in Pipeline
The Witchita Eagle | Feb. 9 | Bond Finance

AL Reinvestment Act Lures $550M Investment
Alabama Department of Commerce | Feb. 7 | Bond Finance | Incentives

Expansion of New Tapestry Charter School Elementary School Building Underway
WIVB.com | Feb. 6 | Bond Finance | Community Development

Royal Oak's DDA to Pay for Downtown Park in $58M City Center Project
Daily Tribune News | Feb. 2 | Bond Finance

Santa Fe, NM Approves $11M Street Fix
Santa Fe New Mexican | Feb. 1 | Bond Finance | Infrastructure Finance | Tax Credits

Plastic Food Container Company to Build Plant in Fort Smith
SW Times Record | Jan. 31 | Bond Finance

Palmyra, MO IDA Approves IRB Issuance
Hannibal Courier-Post | Jan. 31 | Bond Finance

Appleton Agrees to Bonding for Exhibition Center
Post Crescent | Jan. 31 | Bond Finance

Cost Rising for the Sun Paper Mill in Arkadelphia
Arkansas Times | Jan. 31 | Bond Finance

Charlotte Airport Funding $200M Expansion with Bonds
The Charlotte Observer | Jan. 30 | Bond Finance | Infrastructure Finance

South Jersey Port Corp. Moves Ahead with Bond Issue
American Journal of Transportation | Jan. 29 | Bond Finance | Infrastructure Finance

Champlain Valley Milling Opens High-Tech Facility
Press Republican | Jan. 29 | Bond Finance

Waterloo School Board Approves Revenue Bond Sale
The Courier | Jan. 25 | Bond Finance



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 visit CDFA.net or email info@cdfa.net

For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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