CDFA Virginia Financing Roundtable Newsletter - June 2017

CDFA Virginia Financing Roundtable Newsletter - June 2017
June 7, 2017



Feature
$251M in Revenue Bonds for Educational Equipment Issued in VA The Virginia College Building Authority is issuing Educational Facilities Revenue Bonds in the amount of $251 million the week of June 5, 2017. The bonds consist of two series. Series 2017A is a $76 million issue to be used to acquire equipment for public higher education institutions. Martinsville, VA, to Spend $3.8M Less Than Expected on Sewer Repairs Repairing damages to a major sewer line running along the Smith River will cost the city almost $3.8 million less than officials and consultants expected. Localities Giving Data-Centers Incentives in VA To attract data centers, which provide a millions of dollars in local tax revenues, some localities are offering incentives in Virginia. VA Historic Tax Credit May be Modified to Include Schools The School Infrastructure Modernization Act, introduced May 17, seeks to amend "the federal historic rehabilitation tax credit to apply to school buildings that continue to operate as schools," according to a news release from Senator Kaine's office. Gov. McAuliffe Promotes Clean Energy Jobs in VA's Coalfields Gov. McAuliffe is promoting clean energy jobs by touring southwestern Virginia. Economic development experts say many job skills would translate from coal production to renewable energy, but there are challenges, including people leaving the area and an aging population. VA Adopts Food Crops Donation Tax Credit The Food Crops Donation Tax Credit was approved by the General Assembly in Virgina last year. It allows Virginia farmers who donate edible food crops to a nonprofit food bank to receive up to a 30 percent tax credit for their donation. Senators Introduce Bill to Invest in Aging Central VA Schools Senators Tim Kaine and Mark Warner have introduced the School Infrastructure Modernization Act to stimulate public and private investment in renovating active historic school buildings.
Upcoming Events
CDFA Brownfields Financing Webinar: Reviving Commercial Activity on Former Manufacturing Sites June 15, 2017 - 2:00 - 3:30 PM Eastern Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project. CDFA Summer School August 7 - 11, 2017 - Minneapolis, MN CDFA Summer School is a week long series of courses presented by the CDFA Training Institute. These courses qualify for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Participants may register for one, two, or three courses during CDFA Summer School. Complete three courses, and you will have fulfilled half of the requirements for the DFCP Program.
Sponsors
State Partner Supporting Sponsor For information about sponsoring the CDFA Virginia Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.
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.