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CDFA Missouri Financing Roundtable Newsletter - August 2014

CDFA Missouri Financing Roundtable Newsletter - August 2014
August 13, 2014
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CDFA Missouri Financing Roundtable Newsletter

Feature

CDFA Missouri Financing Roundtable Launched
CDFA is pleased to announce the launch of the CDFA Missouri Financing Roundtable. The Roundtable, through partnership with the Missouri Economic Development Financing Association (MEDFA), is dedicated to bringing the development finance industry together through education, resource development, research and networking.

Kansas City Advances TIF Plan — Without Debt Guarantee
According to the Kansas City Business Journal, the TIF proposal for the redevelopment of the Power & Light Building is getting backing from TIF bonds of nearby projects that are performing better than expected.

Industry Concerns Prompt SEC to Modify MCDC Initiative
In response to concerns raised by industry participants, the SEC has made three key modifications to its MCDC Initiative, dealing with deadlines, penalties, and pre-EMMA violations.

Missouri Among States Not Using Up Water Money
Kansas City Star reports on the EPA's Drinking Water State Revolving Fund program, which is used for low-interest loans for cities, towns and local water districts to make drinking water infrastructure improvements. $60M earmarked for the State of Missouri remained untapped in 2013.

Tax Increment Financing: Tweaking TIF for the 21st Century
This informative Urban Land Institute (ULI) piece, featuring CDFA President & CEO Toby Rittner and several CDFA members, explores the transformative use of tax increment finance across the country and the reemergence of this tool as key development driver post-recession. Overviews of Chicago, Atlanta and the California story demonstrate the evolving and comprehensive ability of TIF to drive economic development and community transformation.

Upcoming Events

2014 National Development Finance Summit
November 18-21, 2014 - Scottsdale, AZ
Hosted by the generous support of the Scottsdale IDA, this year's National Summit will be an amazing, can't-miss event with an in-depth look at development finance in the United States. Designed to educate both novices and seasoned development finance professionals alike, the 2014 National Development Finance Summit will touch on over 25 different financing concepts, tools, programs, strategies, and solutions to the challenges facing our country.

CDFA Spotlight

Congress Introduces Modernizing American Manufacturing Bonds Act
Rep. Randy Hultgren (R-IL) and Rep. Richard Neal (D-MA) introduced the Modernizing American Manufacturing Bonds Act (MAMBA) of 2014, H.R. 5319. H.R. 5319, supported by CDFA and hundreds of issuers throughout the country, is a comprehensive package that will modernize and revolutionize manufacturing bonds.

CDFA Releases Annual Volume Cap Report
The Council of Development Finance Agencies (CDFA) is pleased to announce the release of the CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends. This report provides the most complete data for the use of volume cap and issuance of cap-subject private activity bonds nationwide.

Missouri News

Missouri Solar Industry Shines but Future Progress is Cloudy
KMA Land | Aug. 11 | Energy Finance | Green Finance

Missouri Transportation Sales Tax Defeated
Kansas City Star | Aug. 6 | Infrastructure Finance | Legislative | State Finance Program

Sikeston Council Approves Starting TIF for New Cinema
KZIM 960 | Aug. 1 | Redevelopment | Tax Increment Finance (TIF)

Health Care Startups in St. Louis Attract Record Venture Capital
St. Louis Business Journal | Jul. 30 | Innovation Finance

Lee's Summit Proposes Plan to Wrap Up Hartley TIF
Lee's Summit Journal | Jul. 23 | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)

FoodService Warehouse Moves to SubTropolis with Incentive Help
Area Development | Jul. 22 | Economic Development | State Finance Program | Food Systems Finance

TIF Approved for $16M Downtown KC Hotel
Kansas City Business Journal | Jul. 21 | Tax Increment Finance (TIF) | Urban Development | Redevelopment

MODED Employs Strategic Incentive for ECCO Relocation
Area Development | Jul. 21 | Economic Development | State Finance Program

TIF Commission Endorses New Plan for Three Trails Project
Kansas City Star | Jul. 18 | Economic Development | Local Finance Program | Tax Increment Finance (TIF)

NMTCs Help Health Clinic, Movie Theater Come to Pagedale
St. Louis Post-Dispatch | Jul. 18 | Community Development | Tax Credits | U.S. Dept. of Treasury CDFI Fund

Looking to Fund a Clean Energy Project? You Need a Green Bank
National Journal | Jul. 17 | Access to Capital | Energy Finance | Green Finance | State Finance Program

Missouri Awards $23.9M for Small Business with SSBCI Funds
Missouri Department of Economic Development | Jul. 16 | Access to Capital | Innovation Finance | State Small Business Credit Initiative (SSBCI)

Dudley to Improve Sewers with Rural Development Funds
The Daily Statesman | Jul. 15 | Infrastructure Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Ozora TIF Creates Nearly $30K in 18 Months
Ste. Genevieve Herald | Jul. 10 | Local Finance Program | Tax Increment Finance (TIF)

The Federal Historic Tax Credit: Transforming Communities
Huffington Post | Jul. 8 | Redevelopment | Tax Credits | Federal

What Governments Need to Know About the Municipal Advisor Rule
Governing | Jul. 7 | Bond Finance | U.S. Securities and Exchange Commission (SEC) | Federal


New Additions to the Online Resource Database

State Tax Credits for Historic Preservation
Redevelopment | State Finance Program | Tax Credits
The National Trust for Historic Preservation produced a policy report on the states' historic tax credits and what makes a state tax credit work.

CDFA Annual Volume Cap Report: An Analysis of 2013 Private Activity Bond & Volume Cap Trends
Bond Finance | CDFA Original Research
This annual CDFA report reviews the use of private activity bond volume cap and the issuance of cap-subject private activity bonds in every state.

Brownfields Redevelopment Tax Incentives for Preservation Projects
Brownfield Financing | Redevelopment | Tax Credits | U.S. Dept. of Housing & Urban Affairs (HUD) | U.S. Environmental Protection Agency (EPA) | Federal
The National Trust for Historic Preservation published an article by Evans Paull that explores tax incentives for brownfields redevelopment and how these incentives can be paired with rehabilitation projects.



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.


Council of Development Finance Agencies
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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