Join us for the CDFA Ohio Financing Roundtable! During this special one-day conference, we will share knowledge of best practices within the state's development finance industry. Registration begins at 8:15 AM and the day will conclude with a networking reception.

On July 28, 2022, Senate Democrats announced the Inflation Reduction Act of 2022. The bill proposes to reduce budget deficits to fight inflation by establishing a 15% minimum corporate tax and closing certain tax loopholes, while also investing nearly $370 billion in domestic energy production, manufacturing, carbon emissions reduction, and other initiatives to fight climate change. Upon enactment of the bill, CDFA will provide an in-depth analysis as to how the bill's provisions will impact its members and the communities they serve.

Since closing in 2019, the former site of Kmart in Menominee has been unoccupied. Now following a sale to Marquette-based real estate developer Veridea Group, steps are underway towards the redevelopment of the property. The property's location on a Brownfield site will give the developers access to certain financial incentives, including Tax Increment Financing.

The town of Batavia has sewer customer agreements with two organizations as it plans to build new sewer main along Park Road. It intends to pay for this project by obtaining municipal bond financing over a seven-year period, with both Park Place and OTB to contribute towards the payment of these financing costs.

The Biden administration on Thursday announced it would be directing more than $400 million in loans and grants to support high-speed internet projects for rural communities -- funding which is expected to reach about 31,000 families and businesses across 11 states.

The U.S. Department of Agriculture's Agricultural Marketing Service has signed a cooperative agreement with California under the Local Food Purchase Assistance Cooperative Agreement Program, which invested $400 million to make food more affordable for more Americans and help stabilize agricultural supply chains. Through LFPA, the California Department of Social Services seeks to purchase and distribute locally grown, produced, and processed food from underserved producers.

Years before city, state and federal tax credits came into the Dorchester Food Co-op project located in Boston, Massachusetts, small-dollar investors played a major role. Around 140 individuals invested a total of more than $400,000 in the co-op, which is an average investment of around $3,000.

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.

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.

Both the Dalton Board of Education and the Dalton City Council voted to approve an agreement that will provide almost $1 million in tax increment financing for a hotel in downtown Dalton. Because the project is in the downtown tax allocation district, it is eligible for tax increment financing.

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