As the Federal Solar Tax is scheduled to step down in 2020, SolarTech is booking more solar installations than ever for Southern California customers wanting to get the full 30% tax credit before it drops to 26%. "The number one complaint that I hear from customers after they've gone solar is that they regret that they didn't do it sooner," said Robert Shaw, Director of Marketing, SolarTech.

Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris recently indicated that CDFI Fund staff were reviewing each program's timelines and priorities in response to the recent government shutdown. The five-week shutdown requires the CDFI Fund to alter deadlines, and anticipated timelines, for compliance and reporting, awards announcements, and the opening of application rounds.

KeyBank Community Development Lending and Investment announced $11.5 million in financing to Snavely Group for the creation of 38 affordable housing units at Forest City Square Apartments in Cleveland. The units target households earning between 30 percent to 60 percent of area median income.

As changes to Community Reinvestment Act (CRA) regulations are considered and developed, it is imperative to consider how those changes could affect regulated financial institutions and their investment and lending activities. A report from the Urban Institute's Housing Finance Policy Center sheds light on multifamily mortgage trends and how they can be instrumental in meeting CRA standards.

Over the past year, EPA has moved President Trump's infrastructure agenda forward by working to get the financing, tools and resources EPA's state, local, tribal and other partners need to modernize outdated water infrastructure while improving local water quality, creating jobs and better protecting public health.

Now that Amazon is reconsidering its HQ2 plans, Chicago officials are again hoping that a 62-acre riverfront parcel known as "The 78" could be selected as an alternative. The $7 billion megaproject earned zoning entitlements, unveiled plans for a new $300 million CTA station, and received preliminary approval for a TIF district worth more than $550 million.

Municipalities have been selling bonds to pay for public works projects—fire stations, parking garages, sewage treatment systems—for 200 years. It's only in the past decade or so, however, that they've been selling them with an extra perk: helping the environment. In the absence of a global carbon pricing scheme, bond markets will be central to financing climate change and other environmental interventions. 

Gov. Ned Lamont has proposed reducing Connecticut's borrowing by 39%, or hundreds of millions of dollars annually. Calling it a "debt diet," Lamont told the Waterbury Regional Chamber that such a move could save the state up to $2 billion over a decade.

The National Association of Bond Lawyers has a dozen suggestions for tax code tweaks that the Internal Revenue Service tax could make to benefit the municipal bond market, including clarification about the ability of local and state governments to engage in public-private partnerships.

Join CDFA, in partnership with Brownfield Listings, as we host experienced Brownfield redevelopment professionals to examine where Brownfields and Brightfields collide!

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