CDFA is excited to share the promotion of Steve Johnson to COO of the Colorado Housing and Finance Authority. Steve has been one of CDFA's most committed supporters and advocates for the past 20 years, contributing his time and expertise as a guest speaker, event sponsor, CDFA Board of Directors Treasurer, and countless other ways. Congratulations Steve!

A preliminary offering statement posted to Florida's Division of Bond Finance revealed Florida State University is looking to raise $326.6 million through revenue bonds to finance renovations to Doak Campbell Stadium and the construction of FSU's football-only facility. The bonds, to be issued by the State of Florida Board of Governors, are backed by revenue generated by the Seminoles, including conference payouts, ticket sales, annual booster donations and sponsorships. 

The Council of Development Finance Agencies (CDFA) is pleased to announce Rebecca Rowe, Associate Director of Community Revitalization for the Virginia Department of Housing and Community Development, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. As a new graduate, Ms. Rowe joins fellow program graduates who have invested in their professional development and are recognized as distinguished leaders in the development finance industry.

The New Jersey Economic Development Authority (NJEDA) announced that more than $3.6 million in working capital loans have been approved under the NJ Capital Access Fund. Administered by designated fund manager Calvert Impact, the $100 million fund, supported by the State Small Business Credit Initiative (SSBCI) program and a private capital match, leverages Community Development Financial Institutions and Minority Deposit Institutions to offer technical assistance and an affordable and flexible working capital loan products.

Join us on May 21 to explore the application of artificial intelligence (AI) in the municipal bond market and the ripple effects AI would create. During this installment, panelists will unravel the multifaceted dimensions of AI's role in the municipal market, potential advantages and challenges that arise from embracing AI, and its impact on development finance. Register today!

The U.S. Department of Agriculture (USDA) announced $22.3 million available to community-based and nonprofit organizations, institutions of higher education, and Tribal entities that help underserved and veteran farmers and ranchers own and operate successful farms. Funding is made through USDA's 2501 Program. This program is administered by USDA's Office of Partnerships and Public Engagement.

The Fontana City Council approved a revolving loan fund which aims to support the vitality of the city's business community. This fund offers businesses an alternative to traditional loans, credit cards, or high-interest debt financing. It provides Fontana-based businesses, as well as those considering relocating to Fontana, with the opportunity to apply for financial support, the city said in a news release.

A nonprofit is teaming up with an Allentown construction company to rehabilitate a former industrial property on the city's southside. Community First Fund has allocated a $6 million NMTC investment and a $2 million leverage loan for the $49 million project. The nonprofit said it is addressing the community's 25% poverty rate, unemployment twice the national average, and a median family income of 56.2% the national average.

The Oregon Department of Environmental Quality has a full-time opportunity for a Senior Loan Specialist, Clean Water State Revolving Fund (Loan Specialist 3) in Eugene, Portland, or Salem, Oregon. This position is in the Community and Program Assistance section which provides overall leadership and program guidance for the state's Clean Water State Revolving Fund loan program and other water quality grants and financial aid programs. Application deadline is May 27, 2024.

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