Bradenton Affordable Housing Project Proposal Seeks Tax Credits
Projects relying on tax credits through the Florida Housing Finance Corporation have a 10 percent chance of success. Bradenton's recent support of a fourth proposed affordable housing project for this year's application cycle, which begins this month, increases the odds somewhat.
As Rooftop Solar Costs Drop, Utility Attempts to Raise Barriers May Not Work
Florida's utility industry steered more than $20 million of their profits into a failed constitutional amendment to impose new barriers to the expansion of rooftop solar energy generation, but developers say that as the cost of installing solar panels drops, the state could quickly become a leader in private solar energy expansion no matter what the energy giants do.
All Aboard FL's Brightline Renews Push for Tax-Exempt Bonds
All Aboard Florida's Brightline has renewed its push to sell millions in tax-exempt bonds to help pay for its proposed passenger train service connecting South Florida to Orlando. The Coral Gables-based company first sought permission to sell $1.75 billion in tax-exempt bonds in 2014, but the tight municipal bond market forced officials to shelve the sale last year.
Editorial: Business Incentives in FL are a Bad Investment
Gov. Rick Scott never misses the chance to announce new jobs in Florida, using them as evidence that his approach to economic development is working. But an announcement last week that CTD Holdings was establishing its corporate headquarters in the city of Jupiter left out some key details — which raise questions about the cost of giving tax breaks and other government incentives to businesses.
Miami Beach Opts-In To Renew PACE Program
Renew Financial, a leader in wind resistance and energy efficiency financing, today announced the City of Miami Beach has joined the RenewPACE program. Homeowners in Miami Beach will now have the ability to use RenewPACE financing to make eligible improvements that strengthen their homes.
Clemson Organic Peach Research Bags $1M USDA Grant
More Southeastern peaches will be grown organically thanks to a $1 million federal grant awarded to Clemson University. Clemson University pomologist Juan Carlos Melgar and pathologist Guido Schnabel are tying paper bags on peaches as they grow on trees, an unconventional method of protecting them from insects and disease while reducing reliance on pesticides.
AllianceNRG Program Announces 5.99% PACE Financing for Property Repairs After Hurricane Matthew
As a service to property owners impacted by Hurricane Matthew, the AllianceNRG Program™ is making funds available to residential property owners to assist them in making needed repairs at a 5.99% fixed interest rate which is the lowest in its history. The AllianceNRG Program, one of the leading property assessed clean energy (PACE) programs in the country, is the third party administrator for the oldest and largest PACE provider in Florida, the Florida PACE Funding Agency (FPFA). Formerly known as E|Vest, the AllianceNRG Program is currently available to residents and businesses in sixteen counties and ten cities across Florida, including Broward County and Orlando.
Justice Probes Municipal-Bond Issuers Over Treasury Profits
The agency that runs Louisville, Kentucky's sewer system disclosed in an August bond-offering document that officials may file a civil lawsuit against it for exploiting interest-rate moves to profit from Treasuries that are sold only to state and local governments.