The California Reinvestment Coalition has set goals for reinvestment in low and moderate income communities totaling 10% of the bank's statewide deposits in 2017, and then increasing to 12% by 2021, and 15% by 2025.

The California Governor's Office of Business and Economic Development approved $70 million in tax credits for 103 companies. The tax credits will help create a projected 9,369 California jobs.

The Metropolitan Water District of Southern California agreed to purchase islands in the Sacramento-San Joaquin Delta for $175 million, a controversial decision that some opponents view as part of a water grab.

Upgrades and repairs to San Francisco's northern seawall to make it more resilient to earthquakes and rising sea levels could cost more than $5 billion, the Port of San Francisco said in a report it delivered to the city on April 11.

Directors of the Castaic Lake Water Agency Board authorized a $71 million bond issuance to repair and build infrastructure. The bonds will also be used to refund old certificates of participation.

City officials plan to repair their wastewater treatment plant, repave streets, and construct a multi-million dollar levee over 10 years. The projects will be financed through a variety of mechanisms, including bonds and a state revolving loan program.

A California tool known as Enhanced Financing Improvement Districts are growing in popularity, reports California Economic Summit. There are currently an estimated 60 projects under construction across California using EFIDs.

Kresge Community Finance is a $30 million program-related investment finance offering to certified CDFIs and quasi-public or private DFAs. The foundation will select applications through a competitive Request-for-Proposals (RFP).

Thursday, April 21, 2016 from 2:00 – 3:30pm EST
Join CDFA, EPA, and experienced brownfield communities as we discuss the key features of a successful Brownfield Revolving Loan Fund and the commonalities and challenges associated with implementing this underutilized financing resource. Learn how even the most challenged or understaffed communities can implement Revolving Loan Fund loans and sub-grants. 

Join the CDFA California Financing Roundtable for the fourth annual conference on November 15, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the California economy going forward.

The conference will take place at Los Angeles City Hall, California and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA California Financing Roundtable Conference.

The CDFA Scholarship Program, Presented by Public Financial Management, Inc., is designed to support members and non-members who cannot afford the cost of registration fees. Scholarships are available for several different types of CDFA events, including the National Summit, CDFA Training Institute Courses, and State Roundtable Conferences. View the scholarship application to learn more about requirements and available scholarships.

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