CDFA is proud to announce the launch of the new Revolving Loan Fund Finance Update newsletter. This new, free, monthly newsletter will feature news, resources, case studies and event information focused on the growing revolving loan fund community. If you operate an RLF or if you want to learn more about how this important development finance tool works, subscribe today. We will send the first two editions of the newsletter to our entire network and then only to those who subscribe. Sign up today to get the new CDFA Revolving Loan Fund Financing Update.

The Wyoming County Industrial Development Agency has created a gap loan fund geared toward farmers needing money for technological advancements, ag diversification, and food processing among other things.

The Vermont Community Loan Fund will use the USDA Rural Development's Rural Microentrepreneur Assistance Program to provide aspiring small businesses with loans and technical assistance.

The City of Rome has launched a low-interest revolving loan pool to make second mortgage loan funds available for development projects within the Downtown Development Authority's service area. 

The Intro Revolving Loan Fund WebCourse offers an in-depth look at RLF program development, implementation and management. This course will demonstrate how a RLF program can complement your economic development strategy, encourage investment and assist traditionally underserved businesses. During this course, you will learn the essential elements needed to operate a successful RLF program and discuss programs making a difference in communities throughout the country.

As reported by Renewal & Redevelopment, in order to fund the remediation efforts needed to demolish a former vacant manufacturing facility and clean up the site, the City of Rockford, IL combined five different funding sources totaling over $1.28 million.

The Urban Land Institute provides a series of case studies that illustrate how communities have used P3s and other financing mechanisms to improve the appearance and functionality of their infrastructure.

As part of the CDFA Brownfields Technical Assistance Program, the fifth installment of the Brownfields Financing Webinar Series highlights the key features of a successful Brownfield Revolving Loan Fund and the commonalities and challenges associated with implementing this underutilized financing resource. Learn how even the most challenged or understaffed communities can implement Revolving Loan Fund loans and sub-grants.

The Luzerne County Council voted to forgive $728,226 in community development loans so a $6.1 million downtown Wilkes-Barre redevelopment project can proceed, but another $1 million in loans owed by the Greater Wilkes-Barre Chamber of Business & Industry will remain on the books.

South Jersey Marina is receiving a low-interest loan from the Cape May County Commercial Fishing Revolving Loan program. The revolving loan fund is now more than 20 years old and has grown to over $4 million.

The CDFA Revolving Loan Fund Resource Center contains lists of federal, state and local RLF programs, as well as detailed information on how to capitalize and operate new RLF programs.

The Louisiana Department of Health and Hospitals awarded an $800,000 loan to the City of Jackson. The loan will pay for the construction of a water well to replace a well that will be abandoned due to water quality concerns.

North Shore Bank and the Historic King Drive Business Improvement District have created a $50,000 revolving loan fund to help finance revitalization efforts in the business district north of downtown Milwaukee.

Kiva Zip, a national microloan program, aims to launch an experimental program by August. The program will be open to anyone in the city, but it will mainly target the city's most impoverished neighborhoods.