Scholarships are available to attend CDFA Virtual Summer School, which will feature seven different training courses from August 2-12. Topics covered include the Fundamentals of Economic Development Finance, Bond Finance, Housing Finance, Infrastructure Finance, Public-Private Partnership (P3) Finance, Revolving Loan Funds, and Tax Credit Finance.

U.S. Secretary of Commerce Gina M. Raimondo announced that the Department of Commerce's Economic Development Administration (EDA) will implement a series of programs, collectively called Investing in America's Communities, to equitably invest the $3 billion it received from President Biden's American Rescue Plan Act to help communities across the country build back better.

Most news reports about the $350 billion of American Rescue Plan Act money that is going to states and localities focus on the question of how to spend the money. But while that's a vital question, there's another pivotal area of debate: Who is going to spend the money? In a growing number of states, the legislatures and the governors have been at odds over who has the authority to make those critical decisions.

CDFA reports that in 2019 housing finance agencies issued a record $16.4 billion in multifamily private activity bonds (PABs), a $1.69 billion or 11.5% increase from 2018. Furthermore, $9.48 in single-family mortgage revenue bonds were issued, a $2.12 billion or 22.4% gain from 2018.

Top U.S. banking regulators on Tuesday said they would work jointly to modernize rules governing how banks lend hundreds of billions of dollars annually in lower-income communities. Officials also said they would move to scrap a Trump-era overhaul of the rules that had divided regulators and industry officials.

With roughly half of qualified opportunity funds focused on real estate projects and development, a significant group has chased real estate. On the commercial property side (including apartments, offices, industrial, and retail), transactions carried a 14% to 20% price premium by capitalizing on tax benefits. While it is harder to quantify the impact of OZ's on single-family home prices, they produced an extra 2.2% per year in neighborhood home price appreciation.

Denver voters may soon choose whether to let the city take out a $400 million bond to fund numerous infrastructure projects as part of a long-term COVID-19 recovery plan. The city announced the proposed general obligation (GO) bond in April and the Denver City Council is set to begin voting on the proposal later this month. If approved by the council and the mayor, voters will see the bond on the ballot in November.

A procedural vote to advance the $579 billion bipartisan infrastructure framework failed in the Senate after Republicans unsuccessfully pushed to delay the vote to allow negotiators to finalize the details of the plan. GOP senators blocked the measure from moving forward in the evenly-divided Senate, declining to provide the 10 votes Democrats needed to begin debate on the infrastructure package.

Rep. Maxine Waters, D-California, and several colleagues in the House of Representatives introduced three bills that would represent a historic investment in housing, urging that the legislation be included in a budget reconciliation bill that may be considered by Congress. These bills are the Housing is Infrastructure Act of 2021, the Ending Homelessness Act of 2021, and the Downpayment Toward Equity Act of 2021.

The House Agriculture Committee approved a bill to provide $43 billion over eight years to bring broadband service to hundreds of thousands of families and businesses that lack access now. Chairman David Scott said Democratic leaders were "looking to move this in an expeditious way to the Senate."

The Assistant Director - Westside Initiatives (ADWI) is responsible for creation, management and implementation of programming within a geographic area including the Westside, Hollowell/ML King and Perry Bolton TADs, University Choice Neighborhoods, Bowen Choice Neighborhoods, and Proctor Creek.

The SVP, Community Development serves as a member of the senior leadership team for the Tulsa Authority for Economic Opportunity, leading a team of staff dedicated to increasing shared prosperity and racial equity in Tulsa. This includes bringing together policy, strategy, and innovative tools to create and deliver diverse housing, development, and revitalization opportunities in the City of Tulsa, and more.

The Androscoggin Valley Council of Governments is soliciting proposals from qualified and experienced firms to assist with updating the region's 5-Year Comprehensive Economic Development Strategy (CEDS). The update would include a baseline assessment of existing relevant data and plans, research and analysis of market trends, engagement with stakeholders, and more.

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Could Federal Reserve dollars from the American Rescue Plan be used to support employee ownership? If capital were to flow in larger amounts to employee ownership, where should it flow? To what industries? How much capital could actually be absorbed? These are the questions that will be explored in a series of commentaries from experts in the field.

Albuquerque Economic Development has embraced the critical need for developing a strategy not only to drive recovery in the region, but to ensure that it does not again find itself left behind as it was following the Great Recession. The 2021 Strategic Plan outlines AED's vision for a unified and inclusive regional future that allows all members of the community to realize potential benefits.

San Diego County Food Vision 2030 holds a unique opportunity to build a better and stronger food system for all San Diegans, one that prioritizes health, sustainability, and justice. This ten-year plan provides our region with a clear pathway to improve the health of our local communities, environment, and economy.

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