Development Finance Authority (DFA) of Summit County President Chris Burnham announced that he's retiring at the end of 2024 as the first president of the Akron-based agency. In 2025, Rachel Bridenstine will take over as DFA's president to manage its coffers and 15-member team. Under Chris' leadership, DFA of Summit County has provided more than $882 million in financing for 341 projects in Ohio.

Economic Innovation Group's Distressed Communities Index (DCI) platform provides a neighborhood-level exploration of American economic well-being. The DCI includes several stories that illuminate how local economic conditions correlate with life expectancy, social connections, and more. 

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 Development Finance Authority (DFA) of Summit County has helped secure financing for hundreds of projects across Northeast Ohio, including the Amazon distribution center in Akron, the Hall of Fame Village project in Canton, and the Akron Civic Theatre. The authority and organizations that it staffs and manages have provided more than $882 million in financing for 341 projects in Ohio since 2000.

MassDevelopment has provided a $375,000 equipment loan, enhanced with an export guarantee, from the CARES Act Revolving Loan Fund to Fleet Machine Company Inc., an AS9100-certified advanced manufacturing company in Gloucester that specializes in precision machining for the aerospace and defense industries. The company expects to create three full-time jobs and two part-time jobs over the next three years.

Tax-exempt Private Activity Bonds (PABs) are one of the primary financial tools to build and preserve affordable housing as they generate as-of-right Low-Income Housing Tax Credits (LIHTC). However, the federal cap on those bonds creates a significant barrier to expanding the overall affordable housing supply. By exempting affordable housing from the state volume cap, we can build more housing in states that are fully utilizing their volume cap. 

In 2016, the Council of Development Finance Agencies (CDFA) prepared a strategic plan on behalf of the Development Finance Authority (DFA) of Summit County. This strategic plan built on another innovative and action-oriented plan that CDFA developed in 2010 for DFA of Summit County, which provided direction and guidance for the Authority's success, growth, and impact in the community.

The Maryland Department of Housing and Community Development invested $2.2 billion overall in state programs in 2023 designed to create more affordable housing, revitalize communities, support small businesses, and increase broadband connectivity in Maryland. That investment generated $17 billion in economic impact and helped create the equivalent of nearly 24,000 full-time jobs. Part of that success is due in part to the Department beginning to deploy $198 million in State Small Business Credit Initiative (SSBCI) funds.

During the SSBCI Learning Series kick-off session, Promoting Success: Best Practices for Highlighting SSBCI Programs, we will discuss the importance of highlighting successes and provide best practices for demonstrating the economic benefits of SSBCI programs. Join us to learn how each transaction is beneficial to the small business and its community.

Finance New Orleans is seeking a Finance Manager to oversee all financial and accounting functions within the organization. This pivotal role involves ensuring precise financial reporting, establishing and managing the company's operating model, and offering strategic financial insights. The ideal candidate should be adept at getting into the details and possess a strong educational background in business, finance, or accounting, ideally holding an MBA or CPA certification. Relevant work experience in finance, public finance, accounting, or consulting is highly desirable.

Finance New Orleans is seeking a Multi-Family Program Director to serve as a member of the Programs team and is responsible for day-to-day program management of all multi-family products. This position reports to the Chief Programs Officer (CPO) and works in partnership with the CPO to establish and manage multi-family programming that meets FNO's strategic vision. The Multi-Family Programs team is responsible for the financing and ongoing management of the Agency's multi-family lending portfolio and subsidy programs which provide loans, credit enhancement, and tax abatements that facilitate the development, rehabilitation, and preservation of affordable housing projects.

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, 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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