Development Finance Review Weekly - May 11, 2017
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Feature |
CDFI Program and NACA Program Funds Availability for 2017
The Community Development Financial Institutions Fund (CDFI Fund) will be awarding up to $196 million under the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program)
County Approves Financing for Wichita Downtown Development Project
Sedgwick County commissioners have voted to approve a TIF district by Wichita, KS. The project will include a multi-use pathway for the neighborhood and the renovation or reconstruction of Lawrence-Dumont Stadium as a multi use stadium for other sports, concerts and special events.
Federal Judge Dismisses Lawsuit over Bonds for All Aboard Florida's Brightline
A Federal judge ruled that the lawsuits filed by Martin and Indian River counties challenging All Aboard Florida's plan to sell tax-exempt bonds were moot because the US DOT has withdrawn its 2014 approval granting Brightline permission to sell up to $1.75 billion in bonds to pay for the rail project.
The Growing Threat to Municipal Bonds
Reps. Randy Hultgren (R-Ill.) and Dutch Ruppersberger (D-Md.), the co-chairman of the Municipal Finance Caucus, discuss the negative impacts that capping or eliminating the municipal interest exemption would have nationally on efforts to improve infrastructure
$17M EDA NOFA for Regional Innovation
The U.S. Department of Commerce's Economic Development Administration (EDA) has published the Notice of Funding Availability (NOFA) for its 2017 Regional Innovations Strategies (RIS) program. The application period will close June 23, 2017.
Affordable Housing Program Costs More, Shelters Fewer
In a joint investigation, NPR — together with the PBS series Frontline — found that with little federal oversight, LIHTC has produced fewer units than it did 20 years ago, even though it's costing taxpayers 66 percent more in tax credits.
Arbitrage Compliance Guide for Issuers
This publication is a basic guide to the yield restriction and rebate requirements from the IRS. Understanding the arbitrage requirements can help issuers and conduit borrowers comply with their obligations and prevent violations of the arbitrage requirements.
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Upcoming Events |
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News from |
The latest municipal finance headlines from The Bond Buyer.
Joplin Recovery TIF Could Be Paid off Early
The Joplin, Mo., Recovery Tax Increment Financing District that covers the disaster zone and downtown could be paid off in four to five years, as much as 13 years early at its current rate of growth, the Joplin City Council was told Monday night.
New York MTA Plans Return to Cat Bond Market with $125M Deal
MTA, one of the largest municipal issuers with roughly $36.5 billion of debt, bought a $200 million catastrophe bond in mid-2013, less than a year after Hurricane Sandy struck the region. The transaction, through MTA subsidiary First Mutual Transportation Assurance Co., enabled the MTA to enhance its overall reinsurance portfolio.
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.
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Upcoming Webcasts |
CDFA // BNY Mellon Webcast Series: Financing Historic Theater Redevelopment
May 16, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, CDFA has partnered with Heritage Ohio to explore the wealth of financing tools available to redevelop historic theaters, including 501(c)(3) bonds, TIF, tax credits, and other creative programs. Join us for this special discussion as we highlight success stories from historic theaters across the U.S.
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This Week's Headlines |
NABL Releases Final Certificates to Help Issuers, Dealers Comply with New Issue Price Rules
The Bond Buyer | May. 11 | Bond Finance
WI, OR Scrambling to Find Road Funding
The Bond Buyer | May. 11 | Infrastructure Finance
Linak Announces $33M Expansion in Louisville, KY
Commercial Property Executive | May. 11 | Incentives
$7M in WA Clean Energy Fund Grants Advance Microgrid Projects at Avista, SnoPUD
Washington State Department of Commerce | May. 11 | Energy Finance
Why Tax Credit Bonds Should Be A Key Part Of Any Federal Infrastructure Policy Initiative
Mondaq | May. 11 | Federal | Infrastructure Finance
Warrensburg, MO Council OKs $100M Financing Plan for dollar Tree
digitalBURG | May. 11 | Bond Finance | Incentives
St. Croix Valley Business Incubator Breaks Ground
River Falls Journal | May. 11 | Innovation Finance
Johnsonville Receives $10M in Tax Credits
Sheboygan Press | May. 11 | Tax Credits
Farm Owner Tax Credit Reaches MN Conference Committee
agrinews.com | May. 10 | Agriculture Finance | Tax Credits
Angel Investor Tax Credit Passes AZ Senate
tucson.com | May. 10 | Innovation Finance | Tax Credits
State Budget Does Not Include Funding for MO Partnership
St. Louis Public Radio | May. 10 | Economic Development
FL Gov. Rick Scott Unhappy With Lack of Key Incentives in New Budget
Tampa Bay Times | May. 10 | Incentives | Tax Credits
WI Lawmakers Reinstate Economic Development Loans
StarTribune | May. 10 | State Finance Program
MI Senate Sends Brownfield Bills to Governor's Desk
Detroit Free Press | May. 10 | Brownfield Financing
Port Authority Bill Heads to MO Conference
The Missouri Times | May. 9 | Economic Development
Tourism is Key to AZ's Economy
Mohave Valley Daily News | May. 9 | Economic Development
IL Should Consider TIF Reform
Northwest Herald | May. 9 | Tax Increment Finance (TIF)
GFOA Tells Issuers to Consult with Finance Team on Issue Price Rules
The Bond Buyer | May. 9 | Bond Finance | Internal Revenue Service (IRS) | U.S. Dept. of Treasury
State Incentives May Be Used to Target Food Deserts in MI
Detroit Free Press | May. 9 | Food Systems Finance | Incentives
Municipal Market Update
Stern Brothers & Co. | May. 8 | Bond Finance
Two TX School District Bonds Pass
Abilene Reporter-News | May. 8 | Bond Finance | Community Development
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Job & RFP Postings |
Hiring: CEO & President - Renew Moline
Hiring: Assistant Director - Finance Authority of New Orleans
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New Additions to the Online Resource Database |
A Summary of Missouri Economic Development Tools
Economic Development | Incentives | Special Assessment Districts | Tax Increment Finance (TIF)
This report from Gilmore & Bell summarizes 10 state level economic development programs in Missouri. Included in this report is a legislative update on existing programs.
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National Sponsor Spotlight |
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Frost Brown Todd, LLC
Across their eight-state footprint, Frost Brown Todd, LLC offers a deep, talented roster of legal professionals. Committed to their clients, the firm leverages technical and legal knowledge and experience to serve a diverse client base, from global...
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Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the U.S. whose practice is devoted primarily to public finance and public projects. The firm has more attorneys engaged in the full time practice of public finance and projects than any...
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Ice Miller LLP
Ice Miller LLP is a full-service firm with the resources it needs to counsel its clients and deliver quality legal advice. Ice Miller offers a broad array of capabilities in virtually all areas of the legal practice.
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Partner Spotlight |
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CDFA Bookstore |
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Advanced Tax Increment Finance Reference Guide
The Advanced Tax Increment Finance Reference Guide builds upon CDFA's introductory offerings by exploring in-depth the complexities and transformative potential of tax increment financing.
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New Members |
Duff & Phelps LLC - Westlake, OH
Kingsway Development LLC - St. Louis, MO
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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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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