CDFA is pleased to announce that Reps. Rrichard Neal (D-MA), Jim Renacci (R-OH), and Randy Hultgren (R-IL) have reintroduced the Modernizing American Manufacturing Bonds Act in the U.S. House of Representatives as H.R. 1115.

President Donald Trump's administration will convene a meeting of at least 15 federal agencies Thursday as a first government-wide step toward crafting the president's $1 trillion infrastructure initiative, a senior White House official said.

The Municipal Securities Rulemaking Board has drafted rule amendments that would clarify that dealers must obtain C USIP numbers for private placements, including direct purchases when the dealer is acting as a placement agent.

The Securities and Exchange Commission is set to propose changes that would require issuers and borrowers to disclose information about the growing number of alternative financial obligations to municipal bonds, such as bank loans, private placements, swaps, guarantees and leases.

AppHarvest's 2 million square-foot greenhouse will rank among the world's largest. The company plans to grow fresh vegetables year round for consumption in the U.S. The Kentucky Economic Development Finance Authority has preliminarily approved the company for tax incentives up to $2.5 million.

A Vermont House bill allowing the creation of another tax increment financing district would apply only to Bennington, but other bills that could add additional communities to the list also are under consideration.

Anne Arundel County, MD executives are asking state lawmakers to approve an expansion of the county's payment in lieu of taxes, or PILOT, program, which allows county government to make real or property tax exemptions for developments that provide a public benefit.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, learn from expert speakers Jordan Dorfman from the EPA, Tyler Old from PFM, John DeLuca from CoBank, and Jong Sook Nee from McManimon, Scotland & Baumann, LLC as they discuss developments in the water finance space and how different financing mechanisms like bonds, RLFs, P3s, and other tools are being used to address today's water infrastructure projects.

California efforts to embed more consumer protections into PACE loans are advancing on two tracks. The largely unregulated PACE industry has faced criticism in recent months that homeowners are not being adequately informed about how the program works before they agree to the tax liens.

Roughly 600 members of the American Public Power Association met with US lawmakers on Tuesday and Wednesday to urge them to preserve the tax exemption for municipal bonds. APPA and CDFA are both members of Municipal Bonds for America.

This past December marked the official start of GASB 77, a new accounting standard requiring all government agencies to report tax abatements as lost revenue. How do these changes affect development finance agencies, audit requirements, and the negotiation of future tax abatement deals? During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an in depth look into the implications of this new accounting standard.

After the latest round of allocations from the CDFI Fund, there are now more New Markets Tax Credits available than there are qualifying projects. This webcast will explain the double allocation of tax credits that occurred during the last round and explore how this is affecting the tax credit markets. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will provide an inside look into how these tax credits can be leveraged and consider opportunities that a surplus creates for qualifying projects.

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