The Federal Home Loan Bank of Atlanta announced a $10 million commitment through its 2026 Multifamily Housing Development Fund to help complete multifamily and mixed-use affordable housing projects across the Southeast. Beginning June 1, FHLBank Atlanta member financial institutions and their community housing partners can apply for up to $500,000 per project to close funding gaps driven by rising construction costs. Applications will be accepted through June 30.

Small-scale development projects play a critical role in revitalizing communities, but they often face unique financing and capacity challenges. CDFA's Caren S. Franzini Fellows are gathering feedback from development finance professionals to identify barriers, highlight successful strategies, and explore ways to provide better support. Share your perspective through this brief survey and help guide future recommendations for the industry.

The Lift Program, led by ArkP3 in collaboration with CDFA, focuses on underutilized and idle RLFs, delivering hands-on strategies to increase loan deployment, enhance governance, and expand small business financing in rural and underserved communities nationwide. Applications for our Summer Cohort are open now. Apply today and lift your RLF.

CDFA is proud to announce that our Housing Finance Week will be held on June 23-25, 2026, where we'll discuss the most pressing issues in housing finance and what you need to know to have a successful housing finance strategy. This is your chance to expand your knowledge base at either the Intro Housing Finance Course on June 23-24 or the Advanced Housing Finance Course on June 25, or both!

Opportunity Zone projects are intended to benefit economically distressed communities, but are often found in the wealthiest parts of the island. It's created a situation where developers are rewarded with federal tax breaks for investing in already well-off areas. Kaua'i is set to lose its Opportunity Zones at the end of the year, after the OBBBA added more restrictions on qualifying areas. While the OZ program often achieves its objective, many have criticized it as too broad, benefitting wealthy investors instead of the communities it was designed to support.

The Missouri General Assembly passed an economic development omnibus bill that authorizes new tax incentives and revives the dormant Missouri Downtown Economic Stimulus Act from 2003. It was widely credited with helping facilitate the development of the Power & Light District. The updated legislation expands where developments can be located. That means areas like the KC Current's riverfront expansion and Crown Center would be eligible for MODESA incentives.

The Housing New Mexico Board of Directors recently authorized more than $7 million in Low-Income Housing Tax Credits and $16.3 million in loans. The tax credit awards are projected to generate more than $56 million in private equity, helping finance the construction of 194 new housing units and the rehabilitation of 39 existing homes.

The Rural Business Center Program will provide awards to support technical assistance, capacity building, and entrepreneurial development services to rural business enterprises at all stages, from ideation to maturity. Eligible Applicants are limited to institutions of higher education described in any of paragraphs (1) through (7) of section 371(a) of the Higher Education Act of 1965 (20 U.S.C. § 1067q(a)), and applications are due June 29, 2026.

CHFA closed a $5.7 million 3.5% construction loan for Wolff Street Flats, a 23-unit for-sale affordable condo project in Denver. It is the first project to close under CHFA's Drive It Home Construction Loan program, which draws from a $50 million bond investment authorized by bipartisan legislation enacted last year.

The Vice President of Operations plays a vital role in advancing CAFA's mission by ensuring the organization's financial, administrative, and operational functions are managed with excellence, accountability, and efficiency. To be considered, candidates must submit a cover letter and resume to cafavpo@consultssa.com.

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During this installment of the CDFA // BNY Development Finance Webcast Series, panelists explores how bonds support industrial parks, logistics hubs, intermodal facilities, and transportation infrastructure that drive regional economic growth.

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