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CDFA Energy & Water Finance Update - February 18, 2020

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CDFA Energy and Water Finance Newsletter
February 18, 2020
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Energy & Water Finance Update


EPA Announces $2.7B for Water Infrastructure State RLFs
The U.S. Environmental Protection Agency announced the availability of $2.7 billion for State Revolving Funds. EPA provides funding to all 50 states and Puerto Rico to capitalize SRF loan programs. The states and Puerto Rico contribute an additional 20 percent to match the federal grants. The 51 SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients.

House Ways and Means Committee Unveils Infrastructure Proposal
The House Ways and Means Committee has released its much-anticipated infrastructure proposal. It includes $760 billion over five years for transportation, broadband, water, wastewater, and brownfields redevelopment. It also would expand many existing clean energy financing programs as well as tax credits like the NMTC, LIHTC, and HTC.

Petros PACE Finance Expands With $4.9M in C-PACE Financing For 2 Tulsa, OK Hotels
Petros PACE Finance, LLC has closed two Commercial Property Assessed Clean Energy (C-PACE) transactions totaling $4.9 million with Ross Group, a Tulsa, Oklahoma-based commercial real estate owner and developer, to finance energy-saving building measures in the redevelopment of two properties into hotels in downtown Tulsa.

Great Falls, MT Moves Ahead With $1.7M Agri-Tech Drainage Project
The City of Great Falls has been approved for a $1.5 million loan from the State Revolving Fund to finance construction of a new storm drain project. The project is intended to better capture and divert snow melt and rain water that is currently causing erosion problems. The city will commit an additional $225,800 in Tax Increment Financing funds to see the project through to completion.

True Green Capital Management Closes $84M in Debt and Tax Equity Financing
True Green Capital Management, a specialized energy infrastructure asset management firm, today announced that its has closed on $42.8 million in debt financing and $41.1 million in tax equity financing supporting NY Solar Farms, a 70 megawatt community solar portfolio located in central and northeastern New York State.

Petros PACE Finance Provides $4.2M in C-PACE Financing for NE Boutique Hotel
Petros PACE Finance, LLC has closed a $4.2 million Commercial Property Assessed Clean Energy (C-PACE) transaction with REV Development, an owner, developer and operator of hospitality properties, to finance energy-saving upgrades in the conversion of a historic building into a boutique hotel in downtown Omaha, Nebraska.

OH Paper Mill Redevelopment Features PACE Bonds
A former paper mill in Hamilton, Ohio is getting a new life with a 235-room hotel, convention center and indoor sports complex redevelopment project, a public-private partnership that will bring $175 million in investment to Butler County. To help fund the project, the Hamilton Community Authority is selling $19.4 million of tax-increment financing revenue bonds, $16 million of taxable community charge bonds, and $50.2 million of taxable property assessed clean energy bonds.

Upcoming Events
CDFA Federal Policy Conference

Intro Bond Finance WebCourse
February 26-27, 2020 - Daily: 12:00 - 5:00 PM Eastern
The Intro Bond Finance WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

CDFA // BNY Mellon Development Finance Webcast Series: To TIF or Not to TIF, is TIF the Right Tool For Your Project?
Tuesday, March 17, 2020 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series experts will examine the best strategies local governments and analysts are using to determine appropriate TIF assistance levels.

Energy Finance News

EPA Releases First-ever WIFIA Annual Report
EPA | Feb. 14 | Infrastructure Finance | U.S. Environmental Protection Agency (EPA) | Water Finance

FL House Plan Would Allow Tourist Tax Money to Be Used for Water Quality Projects
The Center Square | Feb. 14 | Water Finance

Great Falls Ready to Move Ahead With $1.7 M Agri-Tech Drainage Project
Great Falls Tribune | Feb. 12 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF) | Water Finance | Water Finance\Stormwater

EPA Awards $96M to MI for Surface and Drinking Water
NBC News | Feb. 12 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Tribal Finance | Water Finance

P3 Redevelopment of CT Port to Support Wind Industry
Houston Chronicle | Feb. 11 | Energy Finance | Green Finance | Public-Private Partnership (P3) Financing

Coachella Valley, CA Receives Loan for Water Projects
KESQ | Feb. 7 | Water Finance

Toho Water Authority Receives "AAA" Rating For Upcoming Water Project
Positively Osceola | Feb. 7 | Water Finance

Calcasieu Water District Gets $8.5 M Loan From State
KATC News | Feb. 6 | Revolving Loan Funds (RLFs) | Water Finance | Revolving Loan Funds (RLFs)\EPA Revolving Loan Fund Grants | Water Finance\Drinking Water

Muni Bond Surge Propped Up Global Green Issuance in January
Bloomberg | Feb. 4 | Bond Finance | Energy Finance | Green Finance

Richmond Hill, 7 Others Among Communities to Receive Infrastructure Loans
All On Georgia | Feb. 3 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance | Water Finance\Drinking Water

New Waterford Gets $500K for Waterline Extension
Salem News | Feb. 1 | Revolving Loan Funds (RLFs) | Water Finance | Revolving Loan Funds (RLFs)\EPA Revolving Loan Fund Grants

Proposed Fund Would Provide Assistance for Renewable Energy Projects on Former Coal Sites in VA.
Herald Courier | Jan. 31 | Brownfield Financing | Energy Finance

EPA Awards $2.2M in Grants to AK, ID, OR and WA
EPA | Jan. 29 | Water Finance

Funding Lined Up for $1.5B in Miami-Dade County, FL Water/Sewer Upgrades
Miami Today | Jan. 29 | Bond Finance | Infrastructure Finance | Water Finance

How More Colleges Achieve Carbon Neutrality
University Business | Jan. 24 | Energy Finance | Revolving Loan Funds (RLFs)

EPA Helps Improve Watershed in Central AR
EPA | Jan. 23 | Water Finance

Greenbacker Fund Commissions 3.1-MW Solar Farm in MD
Renewables Now | Jan. 23 | Energy Finance | Property Assessed Clean Energy (PACE)

EPA Announces $2.5M Plan To Advance Cleanup of Detroit River, MI
EPA | Jan. 22 | Brownfield Financing | Water Finance

Highlights from the Online Resource Database

NMEDD - Economic Development Innovation Task Force Report
Access to Capital | Economic Development | Energy Finance | Green Finance | Infrastructure Finance | Innovation Finance | Rural Development | Social Finance | State Finance Program | Water Finance
In 2019, the Governor signed House Memorial 16 directing the Economic Development Department (NMEDD) to bring together stakeholders and convene an Economic Development Innovation Task Force to spur collaboration and innovative discussions on methods to create new economic development concepts and ideas to enhance New Mexico's economy. This report is the result.

Moving America and the Environment Forward Framework
Bond Finance | Brownfield Financing | Community Development | Energy Finance | Federal | Green Finance | Housing Finance | Infrastructure Finance | Innovation Finance | Legislative | Revolving Loan Funds (RLFs) | Rural Development | Tax Credits | Water Finance
"Moving America and the Environment Forward" is a House Ways and Means Committee statement of principles on how the committee wants to approach an infrastructure bill. It includes $760 billion of proposals.

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

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


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