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Development Finance Review Weekly - March 29, 2018

Development Finance Review Weekly
March 29, 2018
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CDFA Development Finance Review Weekly

Feature

Harris Co., TX Bonds May Surpass $1B
Harris County Commissioners are considering a flood control bond plan for Houston and its suburbs that could range between $1 billion and $2.5 billion.

$25M La Pine, OR Infrastructure Project Advances
The La Pine project would bring city water and sewer infrastructure to around 275 homes. The financing package includes around $22 million in grants and forgivable loans from the USDA, the Department of Environmental Quality and Business Oregon's Safe Drinking Water Revolving Loan Fund.

CDFA Releases New Food Systems Finance Resource Center
The CDFA Food Systems Finance Resource Center outlines development finance tools that can be used to support local food systems, such as bonds, tax increment finance, tax credits, special assessment districts, revolving loan funds and others.

Clearinghouse CDFI Announces $8M NMTC Deal for First Place AZ
Clearinghouse CDFI just financed a first-of-its-kind, innovative center for First Place®AZ—an Arizona nonprofit—to help autistic adults gain community and independence. First Place-Phoenix will include supportive housing, a transitional learning facility, and a venue for nationwide experts to convene.

Campbell County, KY Decision Paves Way for PACE
The Campbell County Fiscal Court approved legislation creating a county-wide Energy Project Assessment District  (EPAD) that will allow property owners to obtain special financing for energy-efficiency upgrades to commercial, industrial, nonprofit, agricultural, and multi-family properties throughout the county.

Congress' Last-Minute Budget Bill May Actually Prove Good for Cities
While the dollars appropriated to housing, community development, and other urban priorities still fall far short of what's needed, in many cases the bill increased funding to key programs. The bill also included a key change to the low-income housing tax credit program, making it easier to finance units that are affordable for households at lower income levels than typical under the current program.

Baltimore to Seek up to $100M for East Baltimore Development Plan
Baltimore Housing officials next month plan to ask for a city TIF deal of between $50 million and $100 million to help redevelop a wide swath of East Baltimore, including an overhaul of the Perkins Homes public housing complex.

Upcoming Events
Intro EB-5 Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Why Congress Must Reinstate Advance Refundings
Bond Dealers of America is urging the House Ways and Means Committee to take up and pass H.R. 5003, a bill introduced on Feb. 13 by Reps. Randy Hultgren, R-Ill., and C.A. Dutch Ruppersberger, D-Md., which would reinstate advance refundings according to prior tax law.

HTCs Breathe New Life into TX Projects
Three months after historic tax credits survived Congressional tax reform, Texas cities are moving back to the future with preservation of landmark buildings financed by private developers.

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.

Upcoming Webcasts

CDFA Federal Financing Webinar Series: U.S. Department of Transportation (DOT)
April 12, 2018 - 2:00 PM Eastern
In this webinar, CDFA will convene transportation and infrastructure experts to discuss the financing tools available through the DOT. The main focus of the webinar will be on the Transportation Infrastructure Finance and Innovation Act (TIFIA), Transportation Investment Generating Economic Recovery (TIGER) Grants, and State Infrastructure Banks (SIBs).

This Week's Headlines

Milford, MA Agency Lands $16.4M Bond from MassDevelopment
Worcester Business Journal | Mar. 29 | Bond Finance

Ohio Sales Tax Collections Drop after Elimination of Medicaid MCO Tax
Moody's | Mar. 29 | Local Finance Program

Affordable Housing Provisions in Omnibus Bill an Important Down Payment
Novogradac & Company | Mar. 28 | Legislative | Tax Credits

St. Louis Fed Creates New OZ Tool
Federal Reserve Bank of St. Louis | Mar. 28 | Investing in Opportunity Act (IIOA)

USDA Allocating $70M to Protect Ag. from Pests, Disease
Morning Ag. Clips | Mar. 26 | Agriculture Finance | U.S. Dept. of Agriculture (USDA)

Peabody's Brooksby Village Receives $30M Bond 
The Boston Globe | Mar. 26 | Bond Finance

Special Assessment District for Trash Removal, Recycling Eyed in Bridgman, IN
Harbor Country News | Mar. 26 | Special Assessment Districts | Tax Increment Finance (TIF)

$1.3T Spending Bill Good for Economic Development
PR Newswire | Mar. 23 | Access to Capital | U.S. Dept. of Housing & Urban Development (HUD) | U.S. Dept. of Transportation (DOT) | U.S. Economic Development Administration (EDA)

Omnibus Spending Bill Contains Housing Tax Credit Provisions
Novogradac & Company | Mar. 23 | Legislative | Tax Credits | U.S. Dept. of Housing & Urban Development (HUD)

Omnibus Bill Would Increase HUD Funding by nearly $5 billion
Novogradac & Company | Mar. 23 | Access to Capital | Legislative | U.S. Dept. of Housing & Urban Development (HUD)

Pallone's Bipartisan Brownfields Bill Passes in Omnibus
Office of Frank Pallone Jr. | Mar. 23 | Brownfield Financing

City of El Paso, TX Looking to Expand Medical Center with TIRZ
El Paso Herald | Mar. 23 | Tax Increment Finance (TIF)

Iowa City Council Extends Deadline for Iowa City Marketplace TIF Requirements
Press Citizen | Mar. 23 | Tax Increment Finance (TIF)

The Ridge Asking City of Rochester, NH for $5M More in TIF Money for Expansion
Fosters | Mar. 23 | Bond Finance | Tax Increment Finance (TIF)


National Sponsor Spotlight

Baker Tilly Virchow Krause Baker Tilly Virchow Krause
More than 2,700 professionals strong, Baker Tilly is a full-service accounting and advisory firm with specialized professionals who connect with you and your business through refreshing candor and clear industry insight. Their focus on industry and...
Ballard Spahr LLP Ballard Spahr LLP
Ballard Spahr is a national firm with more than 500 lawyers in 14 offices in the United States. They provide results-driven counsel and exceptional service in Litigation, Business and Finance, Real Estate, Intellectual Property, and Public Finance.
BNY Mellon BNY Mellon
BNY Mellon is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries.

Partner Spotlight

informANALYTICS by Center for Governmental Research informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...

CDFA Bookstore

Cover thumbnail Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency
The Handbook is designed to be a starting point for local leaders to engage in the creation or acceleration of a DFA to build and utilize the development finance toolbox.

New Members

BWC Consulting, LLC - Greensboro, NC

Nicholson Consulting Group, LLC - Hattiesburg, MS

Newark Community Economic Development Corporation - Newark, NJ

The Council of Development Finance Agencies 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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

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


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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor