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CDFA Revolving Loan Fund Finance Update - December 8, 2020

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Revolving Loan Funds Update
December 8, 2020
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Revolving Loan Fund Finance Update

Features

Missouri DNR Refinances State Revolving Fund Bonds
The Missouri Department of Natural Resources and the Environmental Improvement and Energy Resources Authority together are refinancing Clean Water State Revolving Fund and Drinking Water State Revolving Fund bonds. The bonds have a total principal value of $100.76 million, and the transactions will generate more than $5.1 million in savings for the two funding programs.

USDA Offers Revolving Loan Funding
United States Department of Agriculture Deputy Under Secretary for Rural Development Bette Brand recently announced that USDA is seeking applications for funding to establish revolving loan programs to support rural businesses and community development projects.

U.S. Department of Commerce Invests $624K to Support Disaster Resiliency Efforts Near Kenai, AK
The U.S. Department of Commerce's Economic Development Administration (EDA) is awarding a $624,000 grant to the Kenai Peninsula Economic Development District, Kenai, Alaska, to increase the economic resilience of the Kenai Peninsula to future disasters. 

Spotlight: EDA's Revolving Loan Fund Program Helps Bakers Move from Kitchen to Front Office
When the Food Network visited Chico, California's Upper Crust Bakery and Eatery for a 2019 episode of its popular series "Diners, Drive-Ins and Dives," viewers got a taste of some of the signature dishes. Upper Crust's recent notoriety was no accident: it is the result of the hard work and talent of a husband and wife team of restaurateurs, who have also received support from EDA's Revolving Loan Fund (RLF) program.

NJEDA Program to Provide Low-Interest Loans of up to $5M for Brownfield Projects
The board of the New Jersey Economic Development Authority approved the creation of a Brownfields Loan Program that will make low-interest loans of up to $5 million available to brownfield redevelopment projects for all aspects of brownfield revitalization.

Rio Rancho, NM Plans Rehabilitation of Well 9
Rio Rancho, New Mexico has received a 25-year $15.15 million loan through the New Mexico Finance Authority Drinking Water Revolving Loan Fund for phases 2 and 3 in the rehabilitation of a city well. Of the loan, almost $469,000 can be forgiven and the rest will be repaid with revenue from water utility.

Pennsylvania Announces Financing to Support 7 Agricultural Projects
Gov. Tom Wolf announced the approval of seven agricultural projects being funded through the First Industries Fund (FIF). These projects, located in three counties, will help existing farms expand their operations, bring in additional revenue, and transition agribusinesses to the next generation of farmers.

Blue Ridge Energy Approves $222K In USDA REDLG Funds For Fire Department
Residents of the Oak Hill community will benefit from a fire department expansion for Little River Fire Department made possible by a $222,000 Rural Economic Development Loan.

Upcoming Events
Intro Food Systems Finance WebCourse

CDFA // BNY Mellon Development Finance Webcast Series: Educational Facilities Funding Solutions
Tuesday, December 15, 2020 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will explore how a myriad of development finance tools are being implemented strategically to support modernization projects and the new construction of educational facilities.

Fundamentals of Economic Development Finance WebCourse
January 27-28, 2021 - Daily: 12:00 - 5:00 PM Eastern
The Fundamentals WebCourse is the foundation for all of CDFA's educational offerings. This course helps attendees understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

Headlines

There Are More than 221K PPP Stories in Illinois. Some Got Millions. One got $73.
Chicago Tribune | Dec. 7 | Access to Capital | Disaster Recovery & Relief | Federal | Food Systems Finance | Revolving Loan Funds (RLFs) | U.S. Small Business Administration (SBA) | COVID-19

Still Waiting on FEMA Check? New Loan Fund May Help
The Gazette | Dec. 7 | Revolving Loan Funds (RLFs)

Burgum Budget a Good Outline for Session
The Bismarck Tribune | Dec. 5 | Bond Finance | Revolving Loan Funds (RLFs) | Water Finance

A Third of Oregon's PPP Funding Went to 1.6% of Loan Recipients
The Oregonian | Dec. 4 | Access to Capital | Disaster Recovery & Relief | Food Systems Finance | Revolving Loan Funds (RLFs) | COVID-19

Maine Farm Service Agency Offers Loans for Underserved and Beginning Farmers
Sun Journal | Dec. 3 | Access to Capital | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)

Tower Economic Development Authority Funds Available
Timber Jay | Dec. 3 | Revolving Loan Funds (RLFs)

Virginia Coalfield Booster Wants New Renewable Fund to Send a Message
Energy News | Dec. 3 | Revolving Loan Funds (RLFs)

Building Resilient Rural Places: Strategies from Local Leaders to Strengthen Rural Assets, Diversity, and Dynamism
Brookings Institution | Dec. 1 | Disaster Recovery & Relief | Economic Development | Food Systems Finance | Public-Private Partnership (P3) Financing | Revolving Loan Funds (RLFs) | Rural Development | Tax Credits | COVID-19

Ag Lender Survey Reveals Concerns
Ohio's Country Journal | Nov. 27 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Revolving Loan Funds (RLFs) | COVID-19

Survey of Bankers Shows Concern About Farm Debt and Low Income
Minnesota Public Radio | Nov. 22 | Access to Capital | Agriculture Finance | Disaster Recovery & Relief | Federal | Food Systems Finance | Revolving Loan Funds (RLFs) | COVID-19

Eight Mayors: We Need a Marshall Plan for Middle America
The Washington Post | Nov. 22 | Access to Capital | Economic Development | Federal | Infrastructure Finance | Revolving Loan Funds (RLFs) | Tax Credits

Amid New Restrictions, Hospitality Industry Calls for Financial Relief
Twin Cities Business | Nov. 20 | Access to Capital | Disaster Recovery & Relief | Food Systems Finance | Revolving Loan Funds (RLFs) | Tax Credits | COVID-19

NCD Receives $20K to Help Microbusinesses
Nogales International | Nov. 20 | Revolving Loan Funds (RLFs)

Concept Note: CDFA & The Democracy Collaborative - Local Economy Preservation Funds
CDFA | Nov. 19 | Access to Capital | CDFA Press Releases | Community Development | Disaster Recovery & Relief | Economic Development | Legislative | Revolving Loan Funds (RLFs) | Urban Development | Legislative Activities

Missouri's Agribusiness Revolving Loan Fund Refueled
Missouri Department of Agriculture | Nov. 12 | Access to Capital | Agriculture Finance | Food Systems Finance | Revolving Loan Funds (RLFs) | Rural Development | U.S. Dept. of Agriculture (USDA)



The Council of Development Finance Agencies (CDFA) 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 www.CDFA.net or email info@cdfa.net


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

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CDFA National Sponsors

  • Baker Tilly
  • BNY Mellon
  • Bricker & Eckler LLP
  • Brownfield Superfund Advisory, Inc
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
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