CDFA is proud to announce that Bob Isaacson, Executive Director of the Minnesota Department of Employment and Economic Development has been appointed as the new Chair of the CDFA Board of Directors. Bob replaces Maureen Hassett from the New Jersey Office of the Treasurer who has retired from public service. Bob has been a member of the CDFA Board of Directors since 2017 and has quickly risen through the leadership ranks. Prior to his appointment as Chair, Bob served as Vice-Chair and Secretary. Bob was officially appointed on July 16, 2019 per the unanimous approval of the full Board. CDFA would like to congratulate Bob on his appointment. In addition, CDFA thanks Maureen for her steadfast commitment to the organization. Maureen joined the Board in 2012 and her contribution and dedication to CDFA has been paramount to the Council's success over the past several years. She will be missed and CDFA thanks her for her support and encouragement throughout these many years.

When investing within the large, diverse municipal bond market with $4.0 trillion of municipal debt outstanding and over 50,000 issuers, investors must generally choose between two broad categories of bonds: revenue and general obligation (GO). Both represent high-quality investments; however, there are several reasons why BNY Mellon favors revenue over GO bonds.

Cook County tax increment financing districts will bring in a record $1.2 billion for the 2018 tax year. A reassessment contributed to a 12.5% bump in the equalized assessed value of Chicago properties. The reassessment is largely the reason the city's 138 TIF districts generated about $841 million in tax revenue, an $181 million increase from last year.

This move has been a while in the making. Morgan completed an executive M.B.A. program in 2016. He's been investing since 2012, from flipping homes to purchasing multifamily apartments and commercial properties. He also developed new construction and renovation projects with FEMA. Before announcing this latest OZ fund, Morgan launched the KNGDM Impact Fund to raise $50 million for real estate and businesses within OZs.

Pennsylvania has announced the investment of $136 million for water infrastructure improvements. The funding, provided by the Pennsylvania Infrastructure Investment Authority, will go to 17 projects in counties throughout the state for drinking water, wastewater, stormwater, and other improvements.

San Francisco's Bay Area Rapid Transit (BART) is issuing $674 million total in General Obligation Green bonds through negotiated sale. Most of the proceeds are being used to finance improvements to BART facilities.

Toby Rittner was the latest participant in Vorys' Q&A series with prominent economic developers across the country. This article originally appeared in the Summer 2019 edition of Development Incentives Quarterly.

Two bills recently introduced in the U.S. Senate — one of them on a bipartisan basis — would extend the 30 percent investment tax credit (ITC) for offshore wind projects for another six to eight years, giving the nascent industry more time to get on its feet. The prolongation could be included in a tax extenders package likely to come up for a vote this fall.

In this webinar, learn about the basic principles of PACE financing from experts from across the field. Topics covered include the origins of PACE financing, PACE laws, current market trends, eligible technologies including energy efficiency and alternative energy technologies, and basic financing concepts.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we will look beyond the fee structures and break down the philosophies behind them, with the goal of sharing innovative thinking throughout the bond industry and provide a qualitative look behind CDFA's Conduit Bond Fee Study.

The City of Florida City Redevelopment Agency is seeking a highly responsible, administrative manager of the agency to include CRA projects and budget as well as managing, planning, economic development and design services to the Florida City CRA area. Responsible for initiating, planning, and coordinating the implementation of redevelopment plans which will include negotiating and managing redevelopment projects, with possible grant writing, design work, and creating and maintaining TIF budget.

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