Development Finance Review Weekly - May 29, 2025
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Features |
CDFA Launches Mentorship Program - Thrive Together, in Collaboration with U.S. Bank and CHFA
We are excited to announce the launch of the new CDFA Mentorship Program - Thrive Together, in collaboration with U.S. Bank and the Colorado Housing and Finance Authority! Fill out a brief application and join us for the inaugural year of this new exclusive benefit for CDFA Members! Guided by the belief that we thrive together, this group and self-guided program connects seasoned industry experts with individuals seeking guidance, support, and direction in their careers. So, elevate your professional journey and impact by applying to join as a mentor or a mentee! The application period is open now until June 18. We encourage you to mark your calendars, apply, and commit to joining us as we Thrive Together!
Join us for the 2025 CDFA Summer Institute on August 4-8!
Say goodbye to traditional online learning and hello to a faster, smarter way to advance your career. The CDFA Summer Institute delivers a complete, comprehensive development finance education in half the time! This year, CDFA is debuting an all-new executive format — designed for busy professionals. Over five days, we're offering five 6-hour streamlined learning experiences from the CDFA Training Institute, making it easier than ever to take multiple courses. No overlapping sessions. No fluff. Just focused, intensive learning designed to fit your schedule. Learn how Bonds, Tax Increment Financing, Tax Credits, and Revolving Loan Funds work — all in one week! All five courses are eligible for the CDFA Training Institute's Development Finance Certified Professional (DFCP) Program. Register for all five courses and fast-track your path to certification!
Global Shifts Undermine U.S. Treasury Bonds, Prompting Investor Caution
The U.S. Treasury bond market is experiencing significant shifts as traditional foreign investors like China and Japan reduce their holdings in response to recent U.S. tariffs and geopolitical tensions. These nations, along with Russia, are diversifying reserves into gold, signaling a move away from dollar dependence. Concurrently, the U.S. faces escalating national debt, now exceeding $36 trillion, and a recent credit rating downgrade, eroding investor confidence. Rising interest rates, driven by decreased demand for Treasuries, increase borrowing costs, potentially crowding out funding for infrastructure and community development projects.
Trump's 'Big Beautiful Bill' Triggers Bond Market Turbulence Amid Fiscal Concerns
President Donald Trump's expansive tax and spending proposal, known as the "One Big Beautiful Bill," has passed the House, sparking significant unease in bond markets. The legislation is projected to add approximately $3.8 trillion to the federal deficit over the next decade. This fiscal trajectory has prompted Moody's to downgrade the U.S. credit rating from AAA to Aa1, citing concerns over rising deficits and unsustainable debt costs. The bond market's reaction underscores apprehension about the nation's fiscal stability, potentially leading to higher borrowing costs for infrastructure and community development projects. As the bill moves to the Senate, development finance professionals should closely monitor these developments, as they may impact funding strategies and project feasibility in the coming years.
The CDFA Intro Housing Finance Course Returns!
Join us for the Intro Housing Finance Course on June 25-26! The impact of housing on economic development efforts is a critical issue in many communities. This course will explore how the development finance toolbox can be utilized to support a myriad of housing challenges and opportunities. Register by Friday, June 6 for early bird rates!
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Upcoming Events |

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Upcoming Webcasts |
SSBCI Coalition Meeting - Virtual
May 30, 2025 - 1:00 PM - 2:00 PM Eastern
Each month, CDFA hosts SSBCI Coalition meetings where we provide updates, insights, and opportunities for networking and problem-solving. These meetings allow you the chance to connect with peers and stay informed on the latest developments. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
CDFA // BNY Development Finance Webcast Series: Leveraging Development Impact Bonds (DIBs) in Underserved Areas
June 17, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series panelists will discuss their experience utilzing DIB's to mobilize private capital to fund projects with the goal of addressing critical issues in underserved regions, such as poverty, education, healthcare, and infrastructure.
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Job & RFP Postings |
Maryland DHCD - CDA Lending and Risk Analyst Jr. II-Program Associate
The Program Associate is responsible for answering and fulfilling administrative requests from partners, answering customer calls and resolving their concerns. Their primary responsibility is to review and approve applications for grant weatherization services, tracking lead assignments, and assisting program managers with administrative tasks. This position will ensure that client applications and requests are completed in a timely manner. We are looking for individuals with great customer service skills and attention to detail when processing documentation. The successful applicant should be able to manage multiple tasks and adjust to changing priorities responding to varying demands.
Maryland DHCD - CDA Lending and Risk Analyst Jr. II/Energy Program Associate
The Program Associate supports program operations by reviewing applications, managing documents, and providing guidance to stakeholders. They help develop policies, prepare reports, and coordinate with staff and partners. Ideal candidates are proactive, adaptable team players with strong critical thinking skills and the ability to manage multiple tasks independently.
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This Week's Headlines |
New Mapping Tool Targets Drinking Water Equity
Water Online | May. 29 | Revolving Loan Funds (RLFs) | State Finance Program | Water Finance
An Optimistic Future: LIHTC Developments in 2025
The Daily Reporter | May. 28 | Housing Finance | Tax Credits
Delaware Senate Bill 149 Proposes Framework for Low-Income Housing
Coast TV | May. 28 | Housing Finance | Tax Credits
The Bond Market is Missing the Real ‘Big, Beautiful' Story
The Hill | May. 28 | Bond Finance | Federal | Legislative | U.S. Dept. of Treasury
Trump's ‘Big, Beautiful Bill' Pits Senate GOP Moderates Against Conservatives
The Hill | May. 28 | Legislative
ASDWA Urges Increased FY26 EPA Funding for Safe Drinking Water
JD Supra | May. 27 | Access to Capital | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance
House Passes One Big Beautiful Bill: Implications For Clean Energy Incentives
mondaq.com | May. 27 | Energy Finance | Federal | Legislative
Treasury's Short-Term Strategy Raises Long-Term Concerns
Roger Montgomery | May. 27 | Bond Finance | Development Finance Toolbox | Economic Development | Infrastructure Finance | Resiliency | U.S. Dept. of Treasury
U.S. Agricultural Surpluses Mount Amid Policy and Market Disruptions
AgTech Navigator | May. 27 | Access to Capital | Agriculture Finance | Community Development | Economic Development | Food Systems Finance | Resiliency
Pork Producers Welcome House Bill Progress
Farmers.com | May. 26 | Access to Capital | Agriculture Finance | Community Development | Economic Development | Food Systems Finance
Alaska SBDC Reports Record-Setting Small Business Growth in 2024
Alaska Business | May. 23 | Community Development | Economic Development | Innovation Finance | State Finance Program | State Small Business Credit Initiative (SSBCI)
How Governors Drive Clean Energy with State Funding & Financing
National Governors Association | May. 23 | Access to Capital | Energy Finance | Green Finance | Revolving Loan Funds (RLFs) | State Finance Program
Maryland's Bond Downgrade Sparks Fiscal Alarm Amid Federal Uncertainty
Maryland Association of Counties | May. 23 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
USDA to Purchase $67M in Fresh Food from Domestic Producers to Distribute to Food Banks
USDA | May. 23 | Agriculture Finance | Community Development | U.S. Dept. of Agriculture (USDA)
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National Sponsor Spotlight |
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BNY
BNY is the world's leading provider of corporate trust and agency services, administering $28.5 trillion in outstanding debt from 69 locations in 39 countries. Our clients include governments and their agencies, corporations, financial institutions...
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Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the United States whose practice is devoted primarily to public finance and public projects. Each of their specialty areas supports and complements our municipal transactions practice....
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Ice Miller LLP
Ice Miller is nationally recognized for its public-private partnerships (P3s), municipal bond, and economic development experience. Built on a foundation of legal service more than a century-long, the firm is committed to helping our clients stay...
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CDFA Bookstore |
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New Members |
Delaware County Economic Development Corporation - Media, PA
Liberty County Development Authority - Hinesville, GA
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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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.
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Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net
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