Technical Assistance


Tax Credits Finance Update - May 23, 2017

Tax Credits Finance Update
May 23, 2017
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Tax Credits Finance Update


Tax Credits Have Significant Potential for Infrastructure
One of the top priorities for both President Donald Trump and the 115th Congress includes promoting greater infrastructure spending and investment, and both have suggested a federal infrastructure tax credit (FITC) in some form as a powerful mechanism to do so.

Congress Agrees to Record High Funding for CDFI Fund
Congressional leadership has announced agreement on a $1.07 trillion fiscal year spending bill. According to the House Appropriations Committee release, the bill provides full-year appropriations legislation and funding for the 11 remaining annual appropriations bills through the end of FY 2017 in September.

Preservationists Fear Loss of Tax Credit Under Trump
President Trump is vowing to make the tax code simpler – but historic preservationists and developers in Buffalo fear he will go so far as to wipe out the federal tax credits that have been a central part of the city's revival.

Wind Installations Surge as Developers Race Tax Credit Phaseout
Energy Tax Credits are being phased out all throughout the country which is spurring developers to pursue them before they are gone for good. The loss of these tax credits will impact wind, solar, and renewable energy production as well as energy storage and transmission.

OR's Senator Wyden Proposes ‘Clean Energy for America' Tax Credits
Ron Wyden and his colleagues introduced a Clean Energy for America Act on May 5 that includes technology-neutral tax credits for domestic production of clean electricity and clean transportation fuel, as well as performance-based tax incentives for energy-efficient homes and office buildings.

WHEDA Awards $13.6M in LIHTCs
The Wisconsin Housing and Economic Development Authority (WHEDA) has awarded more than $13.6 million in low-income housing tax credits (LIHTC) statewide. The housing tax credits will help to create 1,367 units of affordable rental housing in 26 developments.

Angel Investor Tax Credit Passes AZ Senate
House Bill 2191, which would add $10 million in new tax-credit funding authority, was sent to the House, where the majority caucus recommended passage. The original bill passed the Senate but stalled in the lower chamber.

Upcoming Events

Best of the Best Guidance on NMTC Applications
May 24, 2017 - 1:00 PM - 2:30 PM Eastern
This year's allocation of New Markets Tax Credits is now open for applications, and CDFA is here to help guide you through the process before the June 21st deadline. Tune into this webinar to hear a panel of expert speakers discuss the tips and tricks that they have learned through many years of working with this program.

CDFA Brownfields Financing Webinar: Reviving Commercial Activity on Former Manufacturing Sites
June 15, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.

More Headlines

OH Tax Credits Create $6.8M in New Payroll
Ohio Office of the Governor | May. 22 | Tax Credits

Johnsonville Receives $10M in Tax Credits
Sheboygan Press | May. 11 | Tax Credits

FL Gov. Rick Scott Unhappy With Lack of Key Incentives in New Budget
Tampa Bay Times | May. 10 | Incentives | Tax Credits

Farm Owner Tax Credit Reaches MN Conference Committee
agrinews.com | May. 10 | Agriculture Finance | Tax Credits

Affordable Housing Program Costs More, Shelters Fewer
NPR | May. 10 | Tax Credits

LA HB 187 Would Mandate Payment of ‘Outstanding' Solar Tax Credits
Energy Manager Today | May. 4 | Tax Credits | Energy Finance | Green Finance | Legislative

End of State Tax Credit Expected to Impact IA Clean Energy
Midwest Energy News | May. 4 | Energy Finance | Tax Credits

NC Gave Out Record $245M in Energy Tax Credits: Who Benefitted?
The Courier-Tribune | May. 3 | Energy Finance | Tax Credits

PHFA Accepting Bids for New Tax Credit
Central Penn Business Journal | May. 3 | Tax Credits

Preserving Agricultural Land in MD Reaping Rewards for Farmers
JD Supra | May. 2 | Agriculture Finance | Tax Credits | Food Systems Finance | Rural Development | Incentives

THDA Using LIHTCs and Multifamily Bond Programs to Impact TN
The Chattanoogan | May. 2 | Tax Credits | Bond Finance | Tax Credits\Low Income Housing Tax Credits (LIHTCs)

WA Bills Would Link Boeing Tax Breaks to Size of Workforce
The Seattle Times | May. 2 | Tax Credits

NY Offering $800M in Development Funds
Wellsville Daily Reporter | May. 1 | Economic Development | Tax Credits | Incentives

$10M in NMTC Connects AK Community via Internet
Clearinghouse CDFI | May. 1 | Infrastructure Finance | Tax Credits

WI Tech Advocates Push for Larger Startup Tax Credits
The Cap Times | May. 1 | Innovation Finance | Tax Credits

Historic Tax Credit Supporters Estimate $823M Economic Impact in WI
Milwaukee Business Journal | May. 1 | Historic Preservation | Tax Credits

Editorial: TN's Use of Business Incentives Promotes Investment, Jobs
Knoxville News Sentinel | Apr. 27 | Incentives | Economic Development | Tax Credits

Bill That Would Disclose More on Tax Credits Passes TN Legislature
The Tennessean | Apr. 27 | Tax Credits | Legislative | Incentives

NC Restarts Effort to Freeze Clean Energy Mandate
PV Tech | Apr. 26 | Energy Finance | Legislative | Tax Credits

GA Governor Deal Signs Two Tax Credit Bills
Atlanta Business Chronicle | Apr. 26 | Tax Credits

Dow Chemical Tax Credit Agreement Modified in MI
Midland Daily News | Apr. 25 | Tax Credits

The Council of Development Finance Agencies (CDFA) 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, visit www.CDFA.net or email info@cdfa.net

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300

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