CDFA is pleased to announce that Reps. Stephanie Murphy (D-FL) and Darin LaHood (R-IL) have introduced the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) in the U.S. House of Representatives as H.R. 2737. MAMBA would modernize the Internal Revenue Code (IRC) as it relates to small issue bonds, specifically the private activity bond rules for first-time farmers and manufacturing bonds.

The Intro Bond Finance WebCourse addresses the basic requirements for issuing a bond, the rules and regulations that govern tax-exempt and taxable bonds, the major players involved in a bond transaction, and the roles and responsibilities of both public and private sector participants. Plus, attendees will learn about the tax-exempt bond market, the ratings process, how to buy and sell bonds, and ongoing continuing disclosure.

Kutak Rock attorneys Seth Kirshenberg, Hans Ipson, and Sisera Daniel represented the Smithsonian Institution in a complex air rights real estate transaction and separate bond financing. Commercial Real Estate Brokerage Association (CREBA) recognized the transaction, a $254M deal for Smithsonian to acquire space for its Capital Gallery headquarters from Boston Properties, at the CREBA Awards as the "Sales Transaction of the Year" in 2020.

Fitch Ratings has announced that their U.S. Public Finance Tax-Exempt Housing Group is now renamed the Community Development & Social Lending Group to reflect the broader scope of the credits covered by the group. Since Mikiyon Alexander joined to lead Fitch's housing team in 2017, they have seen the rapid evolution of the sector and their criteria have evolved with it.

Sen. John Hoeven (R-ND) and Sen. Ron Wyden (D-OR) this week reintroduced the Move America Act to bring billions of dollars to grow and repair infrastructure through an expansion of private activity bonds and the creation of an infrastructure tax credit. S. 1403 would allocate Move America Bonds to states, based on population size.

The State Treasurer's Office officials announced that the Massachusetts Clean Water Trust has completed the sale of approximately $351.4 million in two series of new money Green and Sustainability Bonds. The Sustainability Bonds were the first such issuances from the Trust and the first in the nation for a state revolving fund. It was the Trust's sixth Green Bond issuance.

For the Brookhaven Town Industrial Development Agency (IDA) and its Local Development Corp. (LDC), 2020 remained robust, surpassing 2019's numbers, as businesses committed to invest $352 million in projects in the town that will result in the creation and retention of 3,042 jobs. The Brookhaven IDA closed several economic development projects, most of them on behalf of various manufacturers and residential housing developments.

CFFA provided capital-lease financing for the project. Of Crossline's 180 residential units, 10 percent are priced at or below 80% AMI. And thanks to a new Franklin County policy, a portion of the savings from the project's capital-lease structure will go to Community Shelter Board in the form of a donation.

Intro Bond Finance Course
August 4-5, 2021 - Daily: 12:00 - 5:00 PM Eastern

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The Resilience in New Mexico Agriculture Strategic Plan provides broad recommendations are coupled with specific, actionable strategies. The implementation of this plan is critical to achieving greater agricultural and natural resource resiliency, as well as a secure future for the generations of farmers and ranchers to come.

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