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CDFA Revolving Loan Fund Finance Update - August 8, 2023

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Revolving Loan Funds Update
August 8, 2023
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Revolving Loan Fund Finance Update


Share Your Experience Lending to the Food System - Short Survey for CDFA Research!
CDFA is researching the feasibility and market demand for a national food systems loan guarantee program to help unlock investment for food- and agriculture-related businesses and projects. This research includes surveying loan funds operated by private, public, and quasi-public development finance agencies (DFAs) around the country to learn more about existing lending programs. Please take a few minutes to share your expertise in this short survey!

U.S. EPA Announces Remaining $20B Greenhouse Gas Reduction Fund Competitions
The U.S. Environmental Protection Agency (EPA) launched two grant competitions for $20 billion under the historic $27 billion Greenhouse Gas Reduction Fund, an Inflation Reduction Act program. Together these competitive grant opportunities will mobilize private capital into clean technology projects to create good-paying jobs and lower energy costs for American families, especially in low-income and disadvantaged communities.

Maryland Governor Announces $11.5M for the Child Care Capital Support Fund
Governor Wes Moore recently announced that 67 childcare facilities have been awarded a total of $11.5 million through the inaugural round of the Child Care Capital Support Revolving Loan Fund, administered through the Maryland Department of Commerce in partnership with the Maryland State Department of Education. The fund offers no-interest loans for capital expenses to childcare providers who are licensed and participate in the Maryland State Department of Education's Child Care Scholarship Program.

U.S. EPA Announces $305M in WIFIA Loans for Florida for Water Sustainability
The U.S. Environmental Protection Agency (EPA) announced two Water Infrastructure Finance and Innovation Act (WIFIA) loans totaling $305 million to the Polk Regional Water Cooperative in Polk County, Florida. This funding will support projects to sustain the local drinking water supply and alleviate the strain on the Upper Floridan Aquifer.

Nonprofit Awards Food Entrepreneurs $260K in Loans to Support Hawaii Agriculture
Feed The Hunger Fund, a nonprofit that provides loans to entrepreneurs working to create a more diverse local food system in Hawaii, announced more than $260,000 in funding for three small-scale food entrepreneurs. The funds are part of a more than $1 million financial collaboration with Kamehameha Schools and Hawaii Pacific Health. Each contributed $525,000, mostly in loans, to Feed The Hunger Fund to support food security and sustainability in Hawaii.

North Carolina Announces $223M for Drinking Water and Wastewater Project Funding
Governor Roy Cooper announced that communities statewide will receive more than $223 million in water and wastewater infrastructure funding to help pay for 60 projects in 40 counties, including 41 construction projects. Over the last two years, North Carolina has invested $2.8 billion in water and wastewater infrastructure across the state. The State Water Infrastructure Authority approved the awards, using the State Revolving Funds to provide low-interest loans and Principal Forgiveness loans.

Kentucky Agricultural Finance Corporation Approves $3.2M in Loans
The Kentucky Agricultural Finance Corporation (KAFC) approved $3,203,498 for 18 agricultural loans for projects across the commonwealth through the Agricultural Infrastructure Loan Program (AILP), Beginning Farmer Loan Program (BFLP), and Diversification through Entrepreneurship in Agribusiness Program (DEALP).

Upcoming Events
CDFA Virtual Summer School

SSBCI Learning Series - Enhanced Efforts to Engage and Support SEDI-Owned Business
August 24, 2023 - 2:00 PM - 4:00 PM Eastern
The SSBCI Program set-asides for businesses that are owned or led by Socially or Economically Disadvantaged Individuals (SEDI) were put in place to expand access to capital for historically overlooked small businesses. During this event, speakers will discuss considerations for designing small business financing products tailored to the unique needs of SEDI businesses, as well as strategies for engaging SEDI businesses and capacity building for fund managers.

CDFA Food Systems Finance Webinar Series: Investment Tools & Food Systems
August 29, 2023 - 2:00 PM - 3:30 PM Eastern
In this installment of the CDFA Food Systems Finance Webinar Series, we explore how these programs can offer unique financing solutions and catalyze investment in local and regional food systems.


Michigan Announces $30.8M in Clean Water Grants to Help Upgrade Water Infrastructure
Department of Environment, Great Lakes, and Energy | Aug. 4 | Energy Finance | Revolving Loan Funds (RLFs) | Water Finance

State Loan to Help Cannon Beach, OR Complete Resiliency Project
The Astorian | Aug. 2 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Dept. of Natural Resources Awards $367K to Boone County, MO Regional Sewer District
Missouri Department of Natural Resources | Aug. 1 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Funding Available to Help Wisconsin Communities Address Contamination in Wastewater
Metro Wire | Jul. 31 | Federal | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Plan Outlines Spending for $118M in Federal Water Allocations for Jackson, MS
WLBT 3 | Jul. 30 | Federal | Revolving Loan Funds (RLFs) | Water Finance

Legislative Package Aimed at Helping Missouri's Agriculture Industry
MissouriNet | Jul. 28 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | State Finance Program

NFMA Releases Best Practices for EPA's SRF Program
The Bond Buyer | Jul. 26 | Bond Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

Lancaster County, PA Agriculture Projects Boosted by Shapiro Administration
Central Penn Business Journal | Jul. 25 | Access to Capital | Agriculture Finance | Economic Development | Revolving Loan Funds (RLFs) | State Finance Program

New York Green Bank Provides $25M Credit Debt Facility for Energy Storage
pv magazine | Jul. 24 | Energy Finance | Green Finance | Revolving Loan Funds (RLFs)

$500K Federal Grant to Help Cleanup Brownfield Site in Newport, RI
The Newport Buzz | Jul. 24 | Brownfield Financing | Community Development | Redevelopment | Revolving Loan Funds (RLFs)

Region XII Council of Government Secures $1 Million for Business Lending
Carroll Times Herald | Jul. 24 | Economic Development | Federal | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)

Groundbreaking Farm Loans Achieved Environmental Standards, Received Rebates
Environmental Defense Fund | Jul. 19 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs) | Resiliency

FSA Direct Loans Available for Union County, OR Producers
Baker City Herald | Jul. 18 | Access to Capital | Agriculture Finance | Revolving Loan Funds (RLFs)

$1M From EPA Brownfield Revolving Loan Fund Grant Coming to Bay City, MI
ABC 12 NEWS | Jul. 18 | Redevelopment | Revolving Loan Funds (RLFs)

Small Businesses Across Nashville, TN to Receive $2M from U.S. Dept. of Commerce
Fox17 | Jul. 11 | Access to Capital | Revolving Loan Funds (RLFs) | U.S. Economic Development Administration (EDA)

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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CDFA National Sponsors

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  • MuniCap, Inc.
  • NW Financial Group, LLC
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  • Stifel Nicolaus
  • The Bond Buyer
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  • Wells Fargo Securities
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