Many food-related initiatives, projects, and businesses have lacked sufficient resources and financing for economic and community development, largely because the food system as a whole has not been formally defined as an asset class. As the first part of a series, CDFA makes the case for a clear definition of the food system that directs development finance to food-related activity.

CDFA is renewing its Federal Financing Webinar Series with a focus on Opportunity Zones. The CDFA Federal Financing Webinar Series: Opportunity Zones is a four-part online offering that will convene finance experts, federal agencies, and local development finance practitioners to discuss the variety of ways federal grants, loans, guarantees and credit enhancements can leverage greater investment in Opportunity Zones.

This recent report from Fitch Ratings highlights the completion risk inherent in new P3 projects. While most projects were successful meeting and, in some cases, beating construction schedules and budgets, several struggled in the completion phase for a multitude of reasons, including delays in third-party approvals; contractor troubles, etc.

The 2018 Oregon Capital Scan builds on the framework of statewide capital scans from 2012, 2014, and 2016 to draw direct comparisons by region and by type of capital to assess whether capital flows are increasing or decreasing over time

Mayor Steve Benjamin of Columbia, SC argues that the ability of municipalites to issue advance refunding bonds created billions of dollars in savings to taxpayers and communities, and therefore Congress should act immediately to pass legislation reinstating the advance refundings provision.

Former CDFA Board member, Courtney Knight, has announced the re-launch of Capstone Municipal Advisors LLC. Originally founded in 1996 (as Knight Capital, LLC), Capstone is a municipal advisory firm that provides support to municipalities, state agencies, schools and nonprofit organizations in debt management and transaction services, capital planning and management consulting.

The developer of the proposed Lincoln Yards megaproject won approval for $900 million in tax increment financing to support new infrastructure around the riverfront site. The Cortland/Chicago River TIF district still requires various approvals before it's officially established, and its ultimate cost could rise as high as $1.3 billion.

On February 14, 2019 the IRS held a public hearing on it proposed regulations for Opportunity Zones and Opportunity Funds. In total, 23 groups of speakers were scheduled to present in 10-minute increments. 

CDFA is pleased to congratulate Jessica Firmstone, Business Development Coordinator, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Firmstone joins numerous others who have invested in their professional development and are ready to tackle the complexities of the development finance industry.

Texas cities and counties seeking more control over their fiscal futures are finding alternatives to municipal utility districts. Public improvement districts allow fast-growing suburban cities to maintain their governmental authority and the benefits of a growing tax base while financing new housing, experts say.

Fayetteville, NC is considering a proposal to ask voters in a Nov. 5 referendum whether they support the city borrowing $90 million through two general obligation bonds — $30 million for streets and sidewalks, and $60 million for public safety projects.

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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