CDFA is pleased to announce the recipients of 2019 Caren S. Franzini Fellowship. The recipients are Donna Culpepper, Executive Director, Nocona Economic Development Corporations; Julia Schneider, Assistant Vice President, New York City Economic Development Corporation; Barbara Waters, Associate Director of Marketing, Connecticut Green Bank; and Johanna Nelson, Finance Development Specialist, New Mexico Economic Development Department.

Implicit in the election of Lori Lightfoot is a rejection of the status quo and a stern instruction from voters to the lame-duck City Council to take no further action on the Lincoln Yards project. The Lincoln Yards project is a $6 billion development planned for 55 acres of former industrial property between Bucktown and Lincoln Park.

Over the next ten years Nashville will invest $500 million in new affordable housing for low- and middle-income residents, while raising another $250 million from foundations and the private sector. According to the mayor's office, the plan will help build a total of 10,000 new housing units.

Many state and local governments have fully embraced the Opportunity Zones incentive and have made clear that they want OZ investment in their communities. Beyond conforming state capital gains taxes with the federal incentive, several states are considering additional financial incentives to encourage and direct OZ investments within their states.

Sens. Todd Young (R-IN), Tim Scott (R-SC), Catherine Cortez Masto (D-NV), and Michael Bennet (D-CO) have reintroduced the Public Buildings Renewal Act in the U.S. Senate. The Act would authorize $5 billion in private activity bonds for the construction or rehabilitation of government-owned buildings.

The U.S. Environmental Protection Agency has announced the availability of funding to provide an estimated $6 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans in 2019. WIFIA loans are available to public and private borrowers for a wide range of drinking water, wastewater, drought mitigation, and alternative water supply projects.

Join IIUSA, the national membership association for EB-5, for its 12th Annual EB-5 Advocacy Conference in Washington, DC this May 5-7. CDFA President & CEO Toby Rittner and Manager of Government Affairs Tim Fisher will be speaking at the event. CDFA members recieve a 10% discount by using the promo code CDFA10.

In the largest municipal bond deal of the week, the $1.75 billion of unrated private activity bonds priced Monday with the Florida Development Finance Corp. as the conduit issuer on behalf Virgin Trains USA, formerly known as Brightline. Morgan Stanley was the lone underwriter.

The Illinois Finance Authority will issue $450 million in high-grade green bonds. Proceeds will fund loans to finance eligible wastewater treatment and sanitary sewerage facilities and drinking water facilities and cover $23 million in state matching funds needed to leverage federal funds.

During this installment of the CDFA // BNY Mellon Webcast Series, our expert speakers will discuss the financing structure that supported Plaza 122, a place based specific solution for a community in need.

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