Development Finance Review Weekly - March 19, 2026
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| Features |
2026 CDFA Federal Policy Conference: Early Bird Rates End Friday, March 20
CDFA is excited to return to Washington, D.C., for the 2026 CDFA Federal Policy Conference on April 7-8, 2026! This event will bring together Congressional leaders, federal agencies, state policy teams, investors, and development finance practitioners for a two-day exploration of the federal policy landscape shaping development finance in the coming year. Save with Early Bird Rates when you register by March 20.
Housing Bill Backed by Senate GOP, Trump Hits Roadblocks with House Republicans
The Senate last week passed a sweeping bipartisan housing affordability package, which would be the first major housing law enacted in more than 30 years, on an 89-10 vote. The White House has thrown its weight behind the Senate bill. But some Republicans in the House are balking at the scope of the legislation, warning that it does not go far enough to address concerns around central bank digital currency (CBDC) or in safeguarding investors from government overreach.
Investors Willing to Pay a Little More for Green Bonds
Green investors often boast that they can support sustainability without sacrificing returns. But new research from Texas McCombs suggests otherwise. Green bonds also offer governments opportunities to raise more money from those investors for sustainable projects. In practical terms, by accepting slightly lower yields on green bonds, investors are helping to finance the green transition. That knowledge could allow governments to issue more short-term green bonds with lower interest rates, saving money for taxpayers.
States Expand Revolving Loan Funds for Mixed-Income Housing
Over the past year, a growing number of state governments have capitalized revolving loan funds (RLFs), empowering their housing finance agencies to finance mixed-income housing outside of the typical LIHTC pipeline. The housing supply shortage has pushed cost burdens up the income spectrum. These trends are pushing HFAs to innovate and explore ways to increase mixed-income production in the face of static federal funding for affordable housing.
UConn Announces Record $582M Bond Sale for Campus and Health Infrastructure Projects
State Treasurer Erick Russell and University of Connecticut Executive Vice President for Finance and Chief Financial Officer Jeff Geoghegan announced the results of what they termed a "historic" bond sale for the university. The $582 million transaction represents the largest in the history of the UConn 2000 Program, they said. The sale includes $434 million in tax-exempt UConn General Obligation bonds and $148 million in taxable Bond Anticipation Notes, Russell and Geoghegan said.
CREA Closes Its Largest LIHTC Fund
CREA, a national tax credit syndicator, just closed its largest tax credit fund at $403.2 million in Low-Income Housing Tax Credits. The CREA Corporate Tax Credit Fund 117 will result in the construction of 36 developments, totaling 3,484 affordable homes. The projects will exist across 16 states and be homes to families, seniors, and those who have special needs, adding to the $13.5 billion in equity raised.
The City of New York Announces Upcoming Sale of $2.65B of General Obligation Bonds
The City of New York announced the details of its upcoming sale of approximately $2.65 billion of General Obligation bonds, comprised of $2.24 billion of tax-exempt fixed rate bonds and $411 million of taxable fixed rate bonds. Proceeds from the sale will be used to refund and reoffer certain outstanding bonds for savings and to fund capital projects.
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| Upcoming Events |

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| Upcoming Webcasts |
SSBCI Coalition Meeting - Virtual
March 27, 2026 - 1:00 PM - 2:00 PM Eastern
CDFA's SSBCI Coalition brings together practitioners nationwide for monthly updates, best practices, and collaborative problem-solving—ensuring members stay ahead of the SSBCI 2.0 deadlines and evolving program requirements.
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| Job & RFP Postings |
Connecticut Green Bank - Senior Associate, Transactions - Environmental Infrastructure
The Senior Associate, Transactions will help the Green Bank to develop and implement a new business unit of the organization and transform public and private investment in Environmental Infrastructure. The successful candidate will work to support execution across an active pipeline of lending transactions and special projects. The successful candidate will demonstrate ownership of discrete analyses within project workplans, contributing to overall project management and key deliverables. The Senior Associate, Transactions will bring prior experience and competency in Environmental Infrastructure, such as organic waste management solutions, climate adaptation and resiliency inclusive of nature-based solutions, and natural and working lands inclusive of environmental markets, or other related industries. They will also support a core goal of this business unit, ensuring increased investment in underserved communities.
Connecticut Green Bank - Senior Manager, Origination - Environmental Infrastructure
The Senior Managers will help the Connecticut Green Bank to grow a new business unit of the organization and transform public and private investment in Environmental Infrastructure. The successful candidates will have demonstrated lending experience in environmental infrastructure, such as organic waste management solutions, climate adaptation and resiliency inclusive of nature-based solutions, and natural and working lands inclusive of environmental markets, or other related industries. The roles will additionally support the business unit and Green Bank commitment to increased investment in underserved communities. Preference will be given to candidates with prior experience in commercial project finance, public finance, infrastructure investing and small business lending, or related project development or administrative experience.
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| This Week's Headlines |
OZ 1.0 vs. OZ 2.0: Invest Now or Wait?
OpportunityZones.com | Mar. 18 | Legislative | Opportunity Zones
Rep. Kelly Targeting Opportunity Zones For Housing Options
ButlerRadio.com | Mar. 18 | International | Opportunity Zones | U.S. Dept. of Housing & Urban Development (HUD)
Federal Housing Initiatives Signal Potential Shifts in Development
JD Supra | Mar. 17 | Housing Finance | Tax Credits
Fiscal Impact of H-1B Workers at the Federal, State, and Local Levels
Economic Innovation Group | Mar. 17 | Education | Federal | U.S. Citizenship and Immigration Services (USCIS)
GOP Cuts in Federal Food Aid Scramble Passage of Long-Delayed Farm Bill
wfyi.org | Mar. 17 | Federal | Food Systems Finance | Legislative
Housing Lessons Learned from the 1980s
Tax Policy Center | Mar. 17 | Housing Finance | Tax Credits
Kentucky Approves Nearly $3M in Agricultural Loans
The Messenger | Mar. 17 | Agriculture Finance | Food Systems Finance
North Dakota Expands Ag Relief Programs to $500M, Adding $100M
North Dakota Monitor | Mar. 17 | Agriculture Finance | Disaster Recovery & Relief
Op-ed: The AI ‘Revolution' Is a False Promise for Food Systems
civileats.com | Mar. 17 | Agriculture Finance | Food Systems Finance
Pritzker Doubles Down on Clean-Energy Expansion
Illinois Policy | Mar. 17 | Energy Finance | Tax Credits
Terwilliger Center Applauds Trump Administration's Housing Reform
Bipartisan Policy Center | Mar. 17 | Housing Finance | Tax Credits
City Council Approves Step to Help Get More Funds for Redevelopment
KRWG News | Mar. 16 | Tax Increment Finance (TIF)
GROW NC Panel Weighs Disaster Investment Zones
The Carolina Journal | Mar. 16 | Disaster Recovery & Relief | Opportunity Zones
How Adaptive Reuse Can Facilitate The Great Housing Reset
Forbes | Mar. 16 | Historic Preservation | Housing Finance | Tax Credits
HUD Secretary Touts Opportunity Zones During Allegiant Stadium Tour in Las Vegas
Fox5 | Mar. 16 | Housing Finance | Opportunity Zones | U.S. Dept. of Housing & Urban Development (HUD)
USDA Announces Award of Grants Connect Local Markets With Farmers
Southeast AgNet | Mar. 16 | Agriculture Finance | Food Systems Finance | U.S. Dept. of Agriculture (USDA)
Trump Targets Housing Affordability in New Executive Orders
MSN | Mar. 14 | Federal | Housing Finance | Legislative
Energy Department Announces $1.9B Investment in Critical Grid Infrastructure
Department of Energy | Mar. 13 | Energy Finance | Federal | U.S. Dept. of Energy (DOE)
EPA Announces $38M WIFIA Loan in Advance of 2034 Olympic/Paralympic Games
U.S. EPA | Mar. 13 | Bond Finance | U.S. Environmental Protection Agency (EPA) | Water Finance
New Trump Executive Orders Target ‘Regulatory Burdens' in Housing Affordability Push
Scotsman Guide | Mar. 13 | Federal | Housing Finance | Legislative
NGL Energy Closes $950M Term Loan, Amends Asset-Based Revolving Credit Facility
businesswire.com | Mar. 13 | Energy Finance | Revolving Loan Funds (RLFs)
Paxton's TIF District Eclipses $1M in Tax Increment Generated
Ford County Chronicle | Mar. 13 | Tax Increment Finance (TIF)
Sioux Falls Proposes $89.9M Tax Increment Finance District for Smithfield Pork Plant
IndexBox | Mar. 13 | Economic Development | Food Systems Finance | Tax Increment Finance (TIF)
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| New Additions to the Online Resource Database |
Video: CDFA // BNY Development Finance Webcast Series: Special Assessment & Special District Bonds for Redevelopment
Bond Finance | Special Assessment Districts | Webcasts
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists explore how special districts attract private investment, support infrastructure upgrades, and generate sustained revenue for redevelopment projects.
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| CDFA President's Club Spotlight |
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SB Friedman Development Advisors
SB Friedman Development Advisors is a real estate and development advisory firm specializing in development strategies and public-private partnerships. Founded in 1990, they work with public, private, and institutional clients. Their mission is to...
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Stifel Nicolaus
Stifel Nicolaus, founded in 1890, is a full-service securities firm dedicated to development finance. Stifel Nicolaus has developed innovative public financing structures for private developments saving millions of dollars for our public and...
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The Bond Buyer
The Bond Buyer is the only independent information resource serving municipal finance professionals, offering an unparalleled blend of news, analysis, and data that sets it apart in the industry. Moreover, it provides comprehensive education on...
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| CDFA Bookstore |
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Tax Increment Finance Best Practices Reference Guide 2nd Edition
The Tax Increment Finance Best Practices Reference Guide 2nd Edition addresses what TIF is, why it should be used, and how best to apply the TIF tool. This guide highlights both TIF and special assessment projects across the country and how they can be applied to address common economic development issues.
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| New Members |
Chelsea Economic Development Corporation - Atlantic City, NJ
Hillsboro Economic Development Corporation - Hillsboro, TX
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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.
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Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net
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