Join CDFA on Wednesday, June 16 at 4:00 PM Eastern for a free Legislative Briefing. We will discuss the status of the infrastructure bill and CDFA's latest efforts on Capitol Hill. We will also outline important action items that you can take to ensure that bond financing provisions are included in the infrastructure bill.

The Kresge Foundation recently published an overview of the Opportunity Zones work they have invested in along with analysis of how those investments have performed. Are Opportunity Zones working in the places they are intended to help? Aaron Seybert from Kresge's Social Investment Practice offers his commentary.

This first-of-its-kind analysis of administrative data from the state of Ohio examines Opportunity Zone (OZ) projects also participating in the Ohio Opportunity Zones Tax Credit Program. Ohio's high-road approach to embracing OZs brought transparency to the local market and garnered significant amounts of investment into the core of its legacy cities.

The Joint Committee on Taxation issued a report which found that according to tax return data, Qualified Opportunity Funds have made roughly $24 billion in total investments as of the end of 2019. Over 92 percent of these investments went into low-income Opportunity Zone communities, and about six percent went to Opportunity Zones contiguous to low-income communities.

Opportunity Appalachia is working with a group of 16 projects in rural Appalachia (OH, VA, and WV) to provide technical assistance and structure financings with social and financial returns, bringing new investment and jobs to hard-hit rural communities. Participating communities include places like Chillicothe, Ohio (pop. 21,700), Galax Virginia (pop. 6,700), and Grafton, West Virginia (pop. 5,000) – promising places overlooked by conventional financial institutions.

CDFA // BNY Mellon Development Finance Webcast Series: How Healthcare is Investing in Communities
Tuesday, July 20, 2021 - 2:00 PM - 3:00 PM Eastern

CDFA-Bricker PACE Webinar Series: Advancing Multi-Family Housing & Renewable Energy Goals with PACE
Tuesday, July 27, 2021 - 2:00 PM - 4:00 PM Eastern

>>> VIEW THE OPPORTUNITY ZONES RESOURCE CENTER   

Recognizing the urgency of the pandemic and related crises, on June 7, 2021, the Federal Reserve Bank of New York approached the U.S. Impact Investing Alliance to write a report about the current landscape of capital sources for community investment and how emerging capital sources and strategies could help shape the future of the field.

>>> EXPLORE ONLINE RESOURCE DATABASE