We are very proud to announce that CDFA Vice President, Katie Kramer, has been named the new Executive Director of the McConnell Arts Center of Worthington, Ohio. Katie will leave CDFA on December 28th to begin her work for the center on January 2nd. Katie has been with CDFA for over 13 years and has become one of the organizations most influential leaders. While we will miss her dearly, we are very proud of her accomplishments and thankful for her years of dedication, commitment, passion and friendship. CDFA wishes Katie nothing but the best in her new role where she will undoubtedly thrive and prosper. Congratulations Katie!

CDFA is pleased to release a Roadmap to Redevelopment report prepared for the Willamette Falls Legacy Project. The report provides financing strategies for the future Riverwalk that allows public access and viewing of the Willamette Falls and the redevelopment of the Blue Heron Paper Company currently on the site.

The bill, which is in both the U.S. House and Senate, would establish a revolving loan fund in every state, territory or tribal government that agrees to participate. The RLF would be seeded by FEMA and a contribution from the state government, and would make low-interest loans, and in some cases grants, for a range of activities proven to reduce flood risk.

Rep. Mark Meadows introduced the Disaster Recovery and Opportunity Act, which would allow state governors to designate up to five percent of applicable disaster tracts in states that experienced a disaster.

President Trump plans to sign an executive order that will push federal agency resources to Opportunity Zones. The President's order will create a White House Opportunity and Revitalization Council, which will work to prioritize zones in a variety of federal efforts, including grant funding, loan guarantees, infrastructure spending and crime prevention.

The Hennepin County Board took the first step toward authorizing up to $16 million in tax-exempt multifamily housing revenue bonds for the proposed 90-unit affordable housing building. The $24 million housing project is part of a redevelopment that calls for 222 market-rate apartments, 7,000 square feet of commercial space, a parking structure and a new fire station.

Baltimore, MD has created a program called Vacants to Value, which offers city-owned vacant homes at low prices to developers and individuals. Buyers must prove they can afford to purchase a property as well as secure funding to rehabilitate it, which often costs much more than buying it.

Impactful investing that works for both the investor and the business requires extra effort and collaboration across all vested parties. CEI brought their experience, research, and connections together to the Natural Resource Business Seed Capital Fund that has served as a great example for the industry, rural Maine, and investors.

U.S. Secretary of Commerce Wilbur Ross has announced that 40 organizations from 28 states and two territories will receive $21 million to create and expand cluster-focused entrepreneurship and technology transfer programs. The funds will be deployed through the EDA RIS program.

The owners of Florida's Brightline passenger train system have requested more time to issue $1.15 billion of bonds. Brightline currently has until Dec. 31 to issue tax-exempt private activity bonds to finance portions of its 169-mile second phase from West Palm Beach to Orlando, according to its allocation from the U.S. Department of Transportation.

The US DOT has announced $1.5 billion in BUILD grants to support 91 road, rail, transit and port infrastructure projects in 49 states and the District of Columbia. BUILD was previously known as Transportation Investment Generating Economic Recovery, or TIGER, established in 2009.

During this installment of the CDFA // BNY Mellon Webcast Series, we will hear from expert speakers on how to structure tax credit unwinds for New Markets Tax Credit and Low-Income Housing Tax Credit deals.

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