The CDFA Federal Policy Conference is back!
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!
Minnesota Farmers Union Foundation RLF to Support Meat and Poultry Processors
Minnesota Farmers Union Foundation has a total of $900,000 in revolving loan funds (RLF) to distribute to support small and medium-sized meat and poultry processors through the Meat and Poultry Intermediary Lending Program (MPILP). The MPILP offers low-interest loans for the startup, expansion, and operation of slaughter and further processing of meat and poultry. Loans of up to $100,000 are available at a 4% fixed interest rate with a term of up to 10 years.
Applications Now Open for the 2024 Caren S. Franzini Fellowship
The Caren S. Franzini Fellowship was created to develop and recognize outstanding women in the field of development finance for their leadership and dedication to the advancement of the industry. This 6-month fellowship program, run through the CDFA Foundation, is open to women employed by a CDFA member organization who have worked in the development finance industry for less than 10 years. Apply by Friday, March 15!
Lander, WY Secures $44.9M in Funding for Vital Infrastructure Upgrades
The City of Lander, Wyoming announces the successful acquisition of a combined $44.9 million in funding from the State Land Investment Board (SLIB), through the Clean Water State Revolving Fund Core Loan Program and the Drinking Water State Revolving Fund Core Loan Program. This funding will drive significant and needed water and sewer infrastructure enhancements and improve critical infrastructure with a very low interest rate.
Coming Up Next Month: CDFA's Intro and Advanced Bond Finance WebCourses
Join CDFA for our upcoming Bond Finance Week! The Intro Bond Finance WebCourse will take place on March 4-5 followed by the Advanced Bond Finance WebCourse on March 6-7. Register for one or both of these courses to learn from experts about how to bring economic growth to your community by utilizing the vast resources of the bond finance industry.
Grand County, UT Urges Entrepreneurs to Take Advantage of Revolving Loan Funds
The Grand County Economic Development Department is urging locals to reach out and use the Grand County Revolving Loan Fund Program to access affordable financing options. The program, driven by the Southeastern Association of Local Governments, aims to support local businesses to grow, remain financially sustainable, or simply get off the ground. Chosen businesses can access competitive, flexible interest rates on their loans with individualized repayment schedules.
Des Moines, IA Clean Water Fund to Offer Loans for Nonpoint Source Projects
The Des Moines, Iowa Clean Water State Revolving Fund (SRF) plans to offer 0% interest loans up to $500,000 to public entities for construction of nonpoint source projects. Funds will be awarded through a competitive application process, and applications will be accepted quarterly. Nonpoint source projects that meet a minimum score will be eligible for the loans. For projects greater than $500,000, costs over the amount eligible for 0% funding can be funded at the current SRF interest rate.
Hawaii Community Lending Receives $5M to Expand Affordable Housing RLF
Hawaii Community Lending (HCL) received a $5 million investment from the Stupski Foundation to expand the nonprofit's affordable housing fund focused on servicing native Hawaiians. HCL will pool the investment with other public and private capital to grow its revolving loan fund to $20 million. HCL is a nonprofit community development financial institution founded in 2014 that funds the affordable housing ecosystem in Hawaii from the homebuyer to the home builder to the homeowner.
$20M RLF Launched to Finance Land Access for Colorado Beginning Farmers, Ranchers
Colorado Governor Jared Polis's State Budget Proposal increases funding for the Colorado Department of Agriculture to be used towards some of their most influential projects and programs, including the Agricultural Workforce Development Program (AWDP). AWDP was established to encourage more young people to pursue careers in farming. The agency also launched a $20 million revolving loan fund (RLF) to help finance land access for beginning farmers and ranchers.
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