It will be at least another three months before Texas sees more than $4 billion in Hurricane Harvey aid money that has been tangled in red tape for more than a year. HUD officials are working on the rules that will dictate how the disaster mitigation money can be used in Texas to help homes and neighborhoods brace for future storms.

The $202 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the City of Baltimore, Maryland will help the city make system-wide upgrades to its aging wastewater infrastructure at the Back River Wastewater Treatment Plant.

C-PACE Alliance has released a guide on C-PACE and the use of bonds vs. direct financing for C-PACE programs. The guide explains that direct financing typically offers property owners lower costs and less complexity, while bond funding promotes better liquidity and potentially offers lower interest rates over time.

There are a number of ambiguities regarding implementation of the Amendments. It is not certain when or if the SEC will provide additional guidance and market practices will likely vary during the early stages of implementing the Amendments. Butler Snow LLP has authored this brief guide on the new amendments.

In this recently released policy brief from the Lincoln Land Institute, author David Merriman highlights previous incidents of TIF misuse around the country and offers recommendations for best practices.

Stefan Pryor, the Rhode Island Secretary of Commerce; Vale Hale, the Executive Director of the Utah Governor's Office of Economic Development; and Don Pierson, Secretary of Louisiana Economic Development outline what they see as the steps necessary to ensure the OZ incentive delivers on its promise.

JPMorgan Chase, the nation's largest bank, said its latest investment will include a $10-million, long-term, low-cost loan and $5 million in philanthropy, with the money primarily targeting projects in commercial corridors across the 10 neighborhoods.

The Power of 32 Site Development Fund recently announced $9.6 million to help finance site preparation costs for approximately 30 acres of a brownfield industrial site along the Allegheny River near the City of Pittsburgh. The site is largely located in Sharpsburg Borough, which is designated as an Opportunity Zone.

Hawaii lawmakers are considering a bill that would authorize $100 million in special purpose revenue bonds to build and operate solar-powered saltwater desalination plants on Hawaii Island. The plants would transform saltwater into fresh water using solar energy and supply it to customers on Hawaii Island and possibly other islands,

The U.S. Department of Transportation has confirmed that it is considering a new round of PABs for Brightline/All Aboard Florida. The USDOT is also continuing to review a $3.7 billion low-interest direct loan sought by All Aboard Florida through the Railroad Rehabilitation & Improvement Financing Program.

During this installment of the CDFA // BNY Mellon Webcast Series, our expert speakers will discuss the best practices in crafting PACE enabling legislation as well as case studies of some of the most effective legislation to date. 

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