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Development Finance Review Weekly - June 12, 2025

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Development Finance Review Weekly
June 12, 2025
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CDFA Development Finance Review Weekly

Features

Apply for the CDFA Mentorship Program - Thrive Together, in Collaboration with U.S. Bank and CHFA
We encourage you to fill out a brief application and join us for the inaugural year of this new exclusive benefit for CDFA Members! Guided by the belief that we thrive together, this group and self-guided program connects seasoned industry experts with individuals seeking guidance, support, and direction in their careers. So, elevate your professional journey and impact by applying to join as a mentor or a mentee! The application period is open now until June 18, so mark your calendars, apply, and commit to joining us as we Thrive Together!

Cuts to Climate, Energy Funding in House Bill Would Mean Higher Costs, Fewer Jobs, Poorer Health
To help offset the cost of its nearly $4 trillion in regressive tax cuts, the House Republican reconciliation bill includes $546 billion in cuts to tax credits and other programs designed to promote clean energy. Those cuts—$336 billion in clean energy tax credits, $199 billion for efforts to adopt less polluting vehicles, and over $11 billion in funding for climate-related programs enacted in the 2022 Inflation Reduction Act—would raise households' energy costs, undermine economic opportunity in struggling communities, and hasten climate change. People with low incomes and people of color, who are already most burdened by pollution, disinvestment, and climate impacts, would be disproportionately harmed.

Vanguard's VCEB Stands Out in Expanding ESG Bond Market
The rise of ESG (Environmental, Social, Governance) bond funds like Vanguard's VCEB signals a shift in capital markets toward sustainability-focused investments. For economic development professionals, this means projects with strong ESG components—like clean energy, equitable labor practices, and ethical governance—are more likely to attract funding. Communities that prioritize ESG in infrastructure, workforce development, and business incentives can gain a competitive edge in attracting investment and responsible employers. As ESG standards become more influential in financing decisions, aligning local development strategies with these principles is increasingly critical for long-term economic competitiveness and resilience.

Philadelphia, PA Advances $800M Bond to Tackle Housing Crisis Under H.O.M.E. Initiative
Philadelphia City Council's Finance Committee has approved an $800 million bond to fund Mayor Cherelle L. Parker's Housing Opportunities Made Easy (H.O.M.E.) initiative, aiming to address the city's escalating housing crisis. This substantial investment is part of a broader $2 billion strategy to build, preserve, and restore 30,000 housing units over the next four years. The H.O.M.E. plan focuses on expanding affordable housing, stabilizing existing homes, and preventing homelessness, particularly among residents earning under $30,000 annually.

Don't Miss the CDFA Intro Housing Finance Course!
Join us for the Intro Housing Finance Course on June 25-26! The impact of housing on economic development efforts is a critical issue in many communities. This course will explore how the development finance toolbox can be utilized to support a myriad of housing challenges and opportunities. Register today!

Upcoming Events
CDFA Summer Institute: Fundamentals of Economic Development Finance Course
Upcoming Webcasts

CDFA // BNY Development Finance Webcast Series: Leveraging Social Impact Bonds in Underserved Areas
June 17, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series panelists will discuss their experience utilzing various pay for success methodologies to mobilize private capital to fund projects with the goal of addressing critical issues in underserved regions, such as poverty, education, healthcare, and infrastructure.

CDFA Food Systems Finance Webinar Series: Sustaining Food and Farm Investment Amid Federal Funding Shifts
June 24, 2025 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Food Systems Finance Webinar Series, we'll explore how food systems projects can remain viable and impactful amidst shifting federal priorities and how practitioners across sectors continue building creative financial frameworks to move their work forward. Speakers will share lessons learned and strategies for structuring capital stacks, leveraging remaining federal tools, and identifying flexible sources of financing that support food and farm entrepreneurs.

Job & RFP Postings

Finance New Orleans - Compliance Manager
The Compliance Manager will oversee all compliance and regulatory functions of Finance New Orleans, including internal policy enforcement, federal funds regulatory compliance, and long-term project monitoring. This role is essential for mitigating risk, driving strategic compliance initiatives, and ensuring long-term success and transparency for FNO's affordable housing, green finance investments and public finance initiatives. This position works closely with executive leadership and cross-functional teams. This role is designed for a compliance leader seeking executive exposure and long-term career growth. As FNO expands into national green finance initiatives, this position will scale in influence and responsibility. Apply now!

Finance New Orleans - Finance Manager
The Finance Manager supports all financial operations at Finance New Orleans (FNO), overseeing budgeting, forecasting, reporting, and compliance functions. Reporting to the Chief Financial & Technology Officer (CFTO), this role drives financial strategy, ensures operational excellence, and supports the organization's mission to invest in climate resilience, affordable housing, and economic development. The Finance Manager plays a key role in building systems that scale, strengthening partnerships, and delivering fiscal transparency across the organization. You'll partner closely with the CFTO and executive team, serving as a trusted internal strategist while executing financial functions with precision. This role is ideal for someone ready to step into increasing leadership over time. Apply now!

Finance New Orleans - Resilience Program Manager
Finance New Orleans (FNO) is looking for a bold and visionary Resilience Program Manager to help lead the future of climate resilience and energy equity in New Orleans. This role is perfect for a strategic, entrepreneurial leader who can turn climate finance concepts into impactful, community-rooted programs. As a key member of FNO's Programs Team, you'll develop and manage a dynamic portfolio of clean energy and energy efficiency programs-from community solar to microgrids to green consumer lending. You'll collaborate with government partners, community groups, contractors, and capital providers to bring scalable, inclusive solutions to life. This role sits at the exciting intersection of clean energy, affordable housing, and public innovation-and offers the rare opportunity to lead city-scale innovation in green lending, solar access, and resilience finance. Apply today!

Kroll - Senior Associate, Site Selection & Incentives Advisory
The Site Selection & Incentives Advisory (SSIA) practice, within Kroll's Tax Services unit, is seeking a skilled Senior Associate to join the SSIA practice. This position will collaborate with clients and internal teams to define criteria for site selection, including economic, demographic, and logistical factors, collect and analyze data from public and private data sources and stakeholders, including economic indicators, tax policies, and incentive programs, to support site selection decisions, prepare project pitch presentations to be delivered to stakeholder groups during site selection or incentives negotiation and approvals, and more. This role is hybrid based in one of our offices in Austin, Houston, or Dallas/Richardson in Texas.

This Week's Headlines

Delaware County Finance Authority Approved $1.15M TIF Revenue Bond Supporting New Car Dealership
Delaware County Finance Authority | Jun. 12 | Bond Finance | Development Finance Toolbox | Economic Development | Tax Increment Finance (TIF)

Douglas, AZ City Council Poised to Cover $10K Emergency Funding Gap at Local Food Bank
Douglas Dispatch | Jun. 11 | Access to Capital | Agriculture Finance | Community Development | Food Systems Finance

Florida Lawmakers Revive Schools of Hope Funding, Add Charter Expansion Provisions
Florida Politics | Jun. 11 | Education | Revolving Loan Funds (RLFs) | State Finance Program

Midwest Regenerative Ag Gets Boost: TransCap's Rockefeller, PepsiCo-Backed "Capital Orchestrator" Launch
AFN | Jun. 10 | Access to Capital | Agriculture Finance | Energy Finance | Food Systems Finance | Green Finance

Delaware's Race to $14M Initiative Distributes $2.4M in 45 Days Under SSBCI Relaunch
Delaware.gov | Jun. 9 | Revolving Loan Funds (RLFs) | State Finance Program | State Small Business Credit Initiative (SSBCI)

Nussle Urges Congress to Protect CDFI and CDRLF Programs Critical to Inclusive Lending
badcredit.org | Jun. 9 | Access to Capital | Development Finance Toolbox | Revolving Loan Funds (RLFs)

Oregon Lawmakers Advance Housing Bills Despite Budget Strain
Lincoln Chronicle | Jun. 8 | Access to Capital | Housing Finance | Revolving Loan Funds (RLFs) | State Finance Program

Madison, WI Reassesses TIF Strategy Amidst Evolving State Policies
The Cap Times | Jun. 6 | Access to Capital | Bond Finance | Community Development | Economic Development | Tax Increment Finance (TIF)

Philadelphia, PA Greenlights $800M HOME Bond to Tackle Housing Crisis
City Council Philadelphia | Jun. 5 | Bond Finance | Housing Finance | Infrastructure Finance

Trump's Sales Pitch for the "Big, Beautiful" Budget Bill Doesn't Match the Facts
CBS News | Jun. 5 | Federal | Legislative


National Sponsor Spotlight

BNY BNY
BNY is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries. Our clients include governments and their agencies, corporations, financial institutions...
Hawkins Delafield & Wood LLP Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the United States whose practice is devoted primarily to public finance and public projects. Each of their specialty areas supports and complements our municipal transactions practice....
Ice Miller LLP Ice Miller LLP
Ice Miller is nationally recognized for its public-private partnerships (P3s), municipal bond, and economic development experience. Built on a foundation of legal service more than a century-long, the firm is committed to helping our clients stay...

CDFA Bookstore

Cover thumbnail Practitioner's Guide to Economic Development Finance 3rd Edition
The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

New Members

BBIF Capital - Orlando, FL

Capital Trust Agency - Gulf Breeze, FL

Nor-Cal Financial Development Corporation - Oakland, CA

Omni Community Redevelopment Agency - Miami, FL

Piper Sandler & Co. - Atlanta, GA

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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • PGAV Planners, LLC
  • RDF
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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