CDFA is pleased to announce that Senators Brown (D-OH) and Perdue (R-GA) have introduced the Modernizing American Manufacturing Bonds Act (MAMBA) in the U.S. Senate (S. 3416). CDFA has worked with Senators Brown and Perdue over the past year to advocate for MAMBA. S. 3416 and its companion bill in the House (H.R. 2890) represent a comprehensive reform package that will modernize and revolutionize IDBs.

Additional Information:
>>> The Bond Buyer Article
>>> MAMBA Overview
>>> Full Text of S. 3416
>>> Full Text of H.R. 2890

Communication to City Council at Monday's regular meeting listed the loan as a "revolving loan fund of sorts" for development. The city would issue a 10-year bond or bonds to be repaid at an interest rate 0.5 basis points above the city's cost.

Prince George's County is taking the rare step of acting as master developer with a TIF district and investing roughly $100M to build a mixed-use town center in Suitland.

In Lowell, IN, the Redevelopment Commission has taken a step toward fixing costly disparities in the exact parcels included in the town's tax increment financing district.

As a program of Berea College, Grow Appalachia will work with partners throughout the southeastern Kentucky region to strengthen year-round growing efforts, agricultural economic development, and local food networks.

The P3 legislation allows for the award of P3 contracts through "competitive negotiations" rather than through the typical sealed bidding process. The statute also provides that a "person or business may submit an unsolicited proposal to a governmental body."

In recent years, projects backed by public-private investment have turned to making the Steel City's riversides havens for recreation and leisure. Now, some redevelopment boosters hope a new tax credit will encourage financiers to invest more in waterfronts throughout Pennsylvania.  

The New York State Energy Research and Development Authority has announced $10 million in funding for two new clean energy initiatives to support energy efficiency and reduce costs at industrial and manufacturing facilities.

Dealer groups are warning that a Municipal Securities Rulemaking Board proposal to require dealers to disclose their markups and markdowns in certain transactions would be overly complex and hurt liquidity.

Democrats in the Senate and House have introduced separate bills to raise limits for both tax-exempt small issue manufacturing bonds and highway or surface freight facility bonds.

CDFA is offering free financing recommendations for redevelopment projects through the Brownfields Project Marketplace on November 3. In addition to the Brownfields Project Marketplace, the CDFA National Summit brings together the leaders and dealmakers in the development finance industry to discuss best practices, trends, and project financing solutions.

>>> Apply by October 14

With the 2016 elections now behind us, it's time to evaluate the current development finance landscape and unpack how the election results will affect our industry going forward. Learn from CDFA's Capitol Hill insiders about the post-election development finance landscape.

Without credit history or a business track record, lenders are traditionally hesitant to lend to immigrants and refugees. So, how do immigrants and refugees secure financing? How do immigrants get access to affordable and flexible capital for starting a business? This month during the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss their approach to providing capital for immigrants and refugees.

>>> SEARCH HEADLINES   

This resource guide assists Minnesota stakeholders in undertaking brownfield redevelopment by providing a concise overview of some potentially useful local, state, and federal assistance programs, their eligibility requirements, and contact information for learning more about each.

>>> SEARCH ONLINE RESOURCE DATABASE