Development Finance Review Weekly - March 26, 2026

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Development Finance Review Weekly March 26, 2026	Subscribe View Archives

Spotlight

Megan McNally Joins CDFA as Director of Government Affairs and Advocacy

CDFA is pleased to announce that Megan McNally has joined our team as Director of Government Affairs and Advocacy. Ms. McNally will be vital in advancing CDFA's national development finance policy agenda. As Director of Government Affairs and Advocacy, Ms. McNally is responsible for managing CDFA's vast advocacy, legislative, policy, public affairs, and federal relations activities. Her experience in public policy, advocacy, legislative affairs, and government relations will elevate CDFA's work on Capitol Hill. We're excited to have her join the CDFA team and to help drive our important advocacy work for years to come.

Features

2026 CDFA Federal Policy Conference: Join us in D.C., on April 7-8

CDFA is excited to return to Washington, D.C., for the 2026 CDFA Federal Policy Conference on April 7-8, 2026! This event will bring together Congressional leaders, federal agencies, state policy teams, investors, and development finance practitioners for a two-day exploration of the federal policy landscape shaping development finance in the coming year. There's still time to register!

Common Council Approves $4.8M Bond For Yaman Beach, NY, Improvements

Cortland's Common Council on unanimously approved the issuance of a bond to fund major improvements at Yaman Beach. Director of Finance and Administration Chuck Shager previously explained that he requested the full $4.8 million bond as a safeguard, noting that DASNY reimbursements can often be delayed. He estimated the city's actual long-term debt would likely be closer to $750,000, resulting in annual payments of about $60,000 over 15 years.

The MINT Act: Making It Easier for Local Governments to Borrow Money for Public Projects

New legislation (H.R. 7769 / S. 3941), dubbed the MINT Act, from Rep. McClain (R-MI) and Sen. Cortez Masto (D-NV) would allow Federal Home Loan Banks (FHLBank) to provide letters of credit for non-housing related tax-exempt bonds, allowing municipalities to partner with a local lender and use the FHLBank letter of credit to guarantee the issuance, using the FHLBanks' AA+ rating to reduce financing costs. This legislation has long been supported by CDFA, and we are excited to work on getting this legislation passed.

USDA Revamps RHS Programs, Adds Delegated Underwriting Authority

The USDA is upgrading key Rural Housing Service (RHS) loan programs, drawing praise from a mortgage trade group representing small and midsized independent mortgage banks. Dubbed the "Rural Housing Modernization Initiative," the USDA action aims to strengthen two RHS programs: the Single Family Housing Guaranteed Loan Program and Single Family Housing Direct Home Loans, also known as the Section 502 Direct Loan Program.

Alabama's Largest Cities Push to Extend Historic Tax Credits

The mayors of Alabama's 10 largest cities, known as the Alabama Big 10 Mayors, have thrown their support behind legislation to extend and expand the state's historic rehabilitation tax credit program, which is currently set to expire at the end of 2027. The historic rehabilitation tax credit program has been a crucial tool for revitalizing downtowns and neighborhoods in Alabama's biggest cities. The program plays an important role in driving economic development and preserving the state's architectural heritage.

NOFA: Arizona Department of Housing's State Housing Trust Funds for Tribal Projects

The Arizona Department of Housing (ADOH) has released a new State Housing Trust Fund (SHTF) Notice of Funding Availability (NOFA) for Tribal projects. $5 million in State Housing Trust Fund resources have been made available to provide gap financing for Tribal housing developments that meet NOFA requirements. This funding opportunity is designed to support the development of safe, affordable housing and strengthen housing access across Tribal communities in Arizona.

Upcoming Events

Upcoming Webcasts

SSBCI Coalition Meeting - Virtual
March 27, 2026 - 1:00 PM - 2:00 PM Eastern

CDFA's SSBCI Coalition brings together practitioners nationwide for monthly updates, best practices, and collaborative problem-solving—ensuring members stay ahead of the SSBCI 2.0 deadlines and evolving program requirements.

This Week's Headlines

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CDFA President's Club Spotlight

	Colorado Housing and Finance Authority
	U.S. Bank U.S. Bancorp (USB), with $416 billion in assets, is the parent company of U.S. Bank, the fifth largest commercial bank with more than 65,000 employees, and 3,151 offices in the United States.
	Wells Fargo Securities Wells Fargo Securities offers a comprehensive set of capital markets services, including originating and distributing public debt and equity, hedging interest rates and commodity and equity risks, advising on mergers and acquisitions, and...

CDFA Bookstore

Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency

The Handbook is designed to be a starting point for local leaders to engage in the creation or acceleration of a DFA to build and utilize the development finance toolbox.

New Members

Jefferson County Port Authority - Steubenville, OH

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net