CDFA is excited to host the 2024 Federal Policy Conference on April 2-3 in Washington, D.C.! The conference will include sessions featuring the SSBCI, the 2024 Farm Bill, clean energy and infrastructure investments, the 2024 election, and much more. Join federal agency and development finance industry experts and leave with a better understanding of the tools, resources, and regulatory changes impacting the entire federal development finance spectrum. Register today!

The Maryland Transit Administration has been awarded $213.7 million in grant funding from the U.S. Department of Transportation's (DOT) Federal Transit Administration's Rail Vehicle Replacement program, which was made possible by the Infrastructure Investment and Jobs Act. The grant will support the Maryland Transit Administration's efforts to replace all 52 aging Light Rail vehicles in its fleet with new, modern railcars. The State of Maryland is providing $90 million in matching funds.

The U.S. Department of Agriculture (USDA) announced $772.6 million in funding for 216 projects in 45 states, Puerto Rico, and the Northern Mariana Islands to bring high-speed internet, clean water, state-of-the-art infrastructure, and economic growth to rural communities. The new projects will benefit more than 1 million people living in remote areas of the country by providing reliable high-speed internet access, clean, safe water, and a range of support for rural families, agricultural producers, and small businesses.

The city of St. Louis has authorized up to $7 million in tax credits for a startup - Terra Environmental Holdings - that wants to locate an industrial facility in south St. Louis. The startup wants to use the money to help finance the purchase, renovation, and equipment for a 27,900-square-foot industrial facility at 3600 S. First St., in the Marine Villa neighborhood.

U.S. Senator Sherrod Brown announced that the state of Ohio is receiving another major investment from the U.S. Environmental Protection Agency (EPA) to upgrade aging water infrastructure, replace lead pipes, and address emerging contaminants. The investments will help ensure safe drinking water for Ohioans, and create jobs for Building Trades workers throughout the state. The investment was awarded through EPA's Clean Water and Drinking Water State Revolving Funds.

The city is taking the first step for plans to use $440,000 in state grant money to help fund the development of affordable homes on city-owned land for public employees. The City Council will hold a public hearing to consider creating a revolving fund to support the planning and construction of "pocket neighborhoods," or clustered groups of six to 12 homes that share an open space, on up to three city-owned properties.

The State Small Business Credit Initiative (SSBCI) is expanding the New York State Capital Access Program (CAP) with $29.4 million to provide matching funds to financial institutions for loan loss reserves as an incentive to increase small business lending. New York State's CAP is a loan loss portfolio insurance program designed to increase financing opportunities for New York State's small businesses.

In an upcoming meeting that promises to reshape the landscape of Whitefish, Montana, the City Council is preparing to cast a pivotal vote on the introduction of a groundbreaking financial initiative designed to spur property improvements across a broad spectrum. The Commercial Property Assessed Capital Enhancement (C-PACE) program, a beacon of sustainability and innovation, stands at the forefront of this session, alongside a set of critical civic improvement proposals.

The City of Norfolk is seeking a Housing Finance Specialist. The Housing Finance Specialist will plan, develop, analyze, and prepare studies and research projects related to housing and review housing financial models and prepare recommendations for the Department leadership. The incumbent will provide sufficient detail to support departmental long-term planning, problem-solving, policy and program development and management action around neighborhood revitalization and affordable housing.

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