Invest in Your Professional Development at CDFA's Virtual Summer School
CDFA Virtual Summer School is offering three different training courses, all held online during August 1-4. Learn from expert practitioners and experience CDFA's most interactive educational event of the year! These courses also qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program and scholarships are available.
BRIDGE Housing, U.S. West Coast, Secures $250M Affordable Housing Commitment
BRIDGE, a leading nonprofit developer, owner and manager of affordable housing on the U.S. West Coast, estimates this commitment will leverage up to $1B in additional capital for affordable housing. BRIDGE will use the funding to acquire multifamily properties, portfolios and/or land, as well as for refinancing, capital improvements and acquisition of general partner interests.
KeyBank Provides $14.3M Loan for Conversion of Former School Into Affordable Housing in Nebraska
KeyBank Community Development Lending and Investment has provided a $14.3 million construction loan for the conversion of a former high school building into affordable housing in Plattsmouth, a southern suburb of Omaha. The project consists of the adaptive reuse of the school as well as a ground-up building.
DOE Announces $2.6B Funding for Carbon Capture, Storage, and Transport Projects
The U.S. Department of Energy issued Notices of Intent indicating that the agency will begin soliciting applications in the coming months for funding support for two programs involving carbon capture, conversion, transportation, and storage technologies. These two programs will provide funding support of more than $2.6 billion, as authorized by the Bipartisan Infrastructure Bill. These programs are designed to further the development, deployment, and commercialization of technologies to capture and geologically store CO2 emissions.
New Pennsylvania Budget Injects $125M Into Private School Tax Credit Program
When Gov. Tom Wolf and the Republican-led legislature hammered out the $45.2 billion budget deal in early July, they delivered a historic windfall to a popular tax credit program that underwrites scholarships for Pennsylvania students to attend private schools. The additional $125 million in the state budget for Pennsylvania's educational tax credits represented the largest onetime funding boost for the program since its inception nearly two decades ago.
Massachusetts House Approves Bill with Tax Relief, Health Care Investments
The Massachusetts House passed a massive, wide-ranging economic development bill that infuses $4.2 billion into the state economy in the form of tax relief, investments in health care and environmental programs, and support to businesses, as well as a slew of policy changes and earmarks for local projects and programming.
$20M Plan Aims to Preserve Walnut Towers in Mankato, MN for Low-Income Residents
A proposed $20 million acquisition and renovation of Walnut Towers, the deteriorating downtown Mankato apartment building for low-income residents, would dramatically modernize the 86-unit structure as soon as 2023 if it receives city, county and federal financial assistance.
$104M Awarded to 16 Developments Across New York to Provide 864 Affordable Homes
Governor Kathy Hochul announced that $104 million has been awarded to create or preserve 864 affordable homes in 16 separate developments across New York. The funding announced today will further local economic development initiatives, expand the housing supply in every region, fight homelessness with supportive services for vulnerable populations, and help close the digital divide for lower-income households.
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