CDFA Bond Finance Update - June 21, 2022
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Features |
L.A. County, CA Antes up $163M on Four Affordable Housing Projects
Los Angeles County will spend $163 million on four affordable housing projects planned for Florence-Firestone, Alhambra and the West L.A. VA campus. The $163 million will fund the construction of new affordable and permanent supportive housing developments.
Financing to Pave Way to Bring County Road Fixes in KS
After multiple complaints heard and discussions throughout recent years, some road improvements are on the way via Resolution 2022-1504 that Atchison County leaders authorized on Tuesday. The Resolution secures $2 million to financing that have secured the funding to ensure some critical road repair work and infrastructural upgrades.
$20M Bond Referendum May Help Pay for Dams in NC
At its June 7 meeting, the Boiling Spring Lakes Board of Commissioners approved a resolution of intent to proceed with a Nov. 8 referendum for city general obligation bonds in the maximum amount of $20 million for the dam repair and restoration project.
Confluence Academies Charter School Network Seeks $35M in Financing From City
The St. Louis Industrial Development Authority held a public hearing Thursday on issuing the tax-exempt bonds for a nonprofit associated with Confluence Academies to pay down and refinance debt used to buy and renovate its five school buildings.
Montgomery Commissioners Authorize Issuance of GOB
Over the opposition of commissioner Joseph Gale, the Montgomery County commissioners at their Thursday morning meeting authorized the issuance of up to $197 million general obligation bonds to help fund the capital projects in the 2022 budget.
Dive Into Development Finance with CDFA's Virtual Summer School!
CDFA Virtual Summer School is a week-long series of courses presented by the CDFA Training Institute. CDFA Virtual Summer School will offer three different training courses, all held online. Learn from our expert practitioners and experience CDFA's most interactive educational event of the year. These courses also qualify for the CDFA Training Institute's Development Finance Certified Professional Program!
D.C. Bond Program Benefits Small Black-Owned Businesses
Through the DC Rebuild Bond Program, Innovative Recordings, LLC and at least seven other local businesses have issued small business bonds, for as low as $10 a piece, to customers and community members in the District and around the country. Those who purchase these bonds immediately receive monthly payments on the principal and interest.
Historic Bond Issuance Helps Fund Senior Living Development
Construction is underway for a new $73 million senior living community in Garfield Township — a project made possible by one of the largest bond issuances ever given in Grand Traverse County. Ohio-based Wallick Communities bought 53 acres of land in the township and the master plan is broken down into two phases.
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Market Reports |
Capital Market Insights
Wye River Group | Jun. 20 | Bond Finance | Market Reports
Weekly Market Outlook
Moody's Analytics | Jun. 20 | Bond Finance | Market Reports
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Upcoming Events |
SSBCI Coalition Meeting - June 24 (Virtual)
June 24, 2022 - 1:00 PM - 2:00 PM Eastern
SSBCI Coalition meetings will be held once a month to provide an interactive forum for CDFA members during the State Small Business Credit Initiative (SSBCI) application period. CDFA will facilitate discussions that allow for networking, peer knowledge sharing, and problem solving.
Intro Public-Private Partnership (P3) Finance WebCourse
June 29-30, 2022 - Daily: 12:00 - 5:00 PM Eastern
The Intro Public-Private Partnership (P3) Finance WebCourse examines this emerging development finance model with a focus on how development finance agencies can adopt P3 principles to address a variety of projects. This course will cover basic P3 concepts, key players involved in transactions, asset valuation, contract negotiation, risk assessment, revenue stream development, and feasibility analysis.
CDFA EC-Tech Initiative Info Session
June 30, 2022 - 4:00 - 5:00 PM Eastern
The CDFA EC-Tech (Equitable Capital Technology) Initiative is a comprehensive solution for DFAs working to implement stronger lending for minority business owners. This informal event is an opportunity for organizations interested in joining to see a demonstration of Presta's end-to-end lending platform and have questions answered about applying to or participating in the initiative.
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News from |
The latest municipal finance headlines from The Bond Buyer.
Current Rate Environment May be Challenge for COFINA Refunding
Puerto Rico took another step toward refunding its Sales Tax Financing Corp. (COFINA) bonds Friday, but analysts said while the refunding is worth pursuing, they remain skeptical about its success.
Republicans Target American Rescue Plan's Impact as Midterms Loom
Democrats and Republicans engaged in a heated hearing on the $1.9 trillion ARPA during a House Budget Committee hearing Tuesday that offered a glimpse into how the stimulus plan may play heading into fall election season.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
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Bond Finance Headlines |
Ogden City Council in Utah Approves $2M to Move Marshall White Center Rebuild Forward
Standard-Examiner | Jun. 20 | Bond Finance | Tax Credits
City of San Antonio, TX Aims to Turn East-Side Motel into Permanent Supportive Housing
Kens5 | Jun. 16 | Bond Finance | Housing Finance
Construction Projects Underway on The Northwest Side, $80M for Roads And Drainage
Fox 29 | Jun. 16 | Bond Finance | Infrastructure Finance
County Commissioners, PA Approve $40M in Bonds for Centre Crest Building Renovations
Centre Daily Times | Jun. 15 | Bond Finance
Calcasieu School Board Member Addresses Constituent Questions About Status of 2017 Bond Issue And Tax
KPLC | Jun. 15 | Bond Finance
Burlington, VT Short $60M for New High School
Burlington Free Press | Jun. 9 | Bond Finance
Philadelphia Nonprofit Loans Small Businesses Money Even After Banks Reject Them
The Philadelphia Inquirer | Jun. 6 | Access to Capital | Bond Finance | Public-Private Partnership (P3) Financing
Lack of Affordable Housing Threatens Palm Beach County's Economy in Florida
The Palm Beach Post | Jun. 6 | Bond Finance | Housing Finance
ID Charter Leaders and Parents Blast Federal Proposal
Idaho Education News | Jun. 6 | Bond Finance | Infrastructure Finance
Charlotte-Mecklenburg Schools Starts Journey Toward 2023 Bond Referendum
The Weekly | Jun. 6 | Bond Finance
City of Buda, TX to Receive $41.9M for 2021 Bond Projects to Tackle Growth
Kxan | May. 31 | Bond Finance | Infrastructure Finance
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Highlights from the Online Resource Database |
Cannabis Based Municipal Bonds: Maximizing Value in the Nation's Fastest Growing Industry
Access to Capital | Bond Finance | Cannabis Finance | Economic Development
This white paper examines: CMB Basics, CMBs in a theoretical historical context, a theoretical example of CMBs in Colorado, a second example of how CMBs could work in Minnesota, CMB legal considerations, CMBs and COVID-19, best markets for CMBs, and MPG expertise in estimating tax revenue.
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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 visit CDFA.net or email info@cdfa.net
For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.
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Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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