Toby Rittner, CDFA President and CEO, was interviewed by The Bond Buyer to discuss the city of Aurora's strategic use of bonds and tax increment financing (TIF) districts to support a new casino development. Within the $360 million total cost, the city's $50 million will come from a taxable bond issue, with the bonds paid back using revenues from the increment of one of Aurora's TIF districts. While sharing TIF components, Mr. Rittner also addressed the importance of trust, transparency, and inclusiveness.

One of the most important ways that President Biden has added real fairness to the tax code is by providing the Internal Revenue Service (IRS) with the resources it needs to reduce the tax gap and improve service delivery for taxpayers. A new analysis from the U.S. Department of the Treasury and the IRS that re-examines the revenue effect of the IRA funding suggests that this historic investment, if sustained beyond 2031, would yield large returns, increasing tax revenue by as much as $851 billion over the next ten years.

CDFA is excited to host the 2024 Federal Policy Conference on April 2-3 in Washington, D.C.! The conference will include sessions featuring the SSBCI, the 2024 Farm Bill, clean energy and infrastructure investments, the 2024 election, and much more. Join federal agency and development finance industry experts and leave with a better understanding of the tools, resources, and regulatory changes impacting the entire federal development finance spectrum. Register today!

Aksoylu Properties has landed $8.7 million in Commercial Property Assessed Clean Energy (C-PACE) financing for its $34.7 million English Meadows Manassas senior housing development, featuring assisted living and memory care, in the Manassas area of Prince William County, Va. This is the first C-PACE-financed transaction under Virginia's PACE Authority and Prince William County.

CDFA has launched the 2024 SSBCI Learning Series to help you stay informed and navigate the implementation and operations of the State Small Business Credit Initiative (SSBCI) capital and technical assistance programs. Beginning March 12, this year's SSBCI Learning Series comprises five sessions that will cover strategies for marketing and outreach, leveraging the Greenhouse Gas Reduction Fund, and increasing SSBCI impacts in every community.

The South Carolina Jobs-Economic Development Authority (JEDA) has issued $21.3 million in Educational Facilities Revenue Bonds for Atlantic Collegiate Academy (ACA), for a new grade 9-12 charter school in Conway. ACA opened this year in Beach Church in Myrtle Beach and is using the tax-exempt financing for the acquisition, construction, and equipping of a new facility at 5085 Bear Bluff Road in Conway.

Missouri Technology Corp. has committed funding to three St. Louis-based startups in its newest batch of venture capital investments. MTC said this week it has awarded $2.2 million in equity funding to seven startups, three of which are based in the St. Louis region. Funding was made possible by the State Small Business Credit Initiative (SSBCI).

The Bennington Select Board approved a $30,000 loan to the Jamaican restaurant Island Flavor LLC to fund commercial kitchen equipment at their new location. The town revolving loan program was established with leftover Housing and Urban Development (HUD) grant funds. For this reason, the fund focuses on the HUD goals of job creation, eliminating blight downtown, and rehabilitating and creating affordable housing.

The Chief Credit Officer manages the credit approval process, as well as portfolio monitoring systems for all current and future credit products. The Chief Credit Officer is responsible for helping ACE achieve its social impact goals and for implementing equitable practices in credit management. Email your cover letter, resume, and salary requirements to HR@aceloans.org. Application deadline is February 26, 2024.

The Director of Lending is responsible for supervising sales activity that results in mission-based and quality loan production. This position motivates a team of loan officers and develops strategies to ensure that goals of capital deployment and programmatic impact are met. He/She also leads business development for lending and cultivates key strategic partnerships. Email your cover letter, resume, and salary requirements to HR@aceloans.org. Application deadline is February 26, 2024.

CDVCA is seeking a highly motivated individual dedicated to working with high-growth SEDI entrepreneurs to help them succeed and benefit their communities. The successful candidate will help develop the Unlock Capital program nationally, including recruiting, assessing, tracking, and supporting participating businesses and engaging with program mentors, lecturers, technical assistance providers, and volunteers. To apply send a cover letter and resume to: opportunities@cdvca.org

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