The CDFA Foundation and CDFA are honored to announce the 2025 Class of the Caren S. Franzini Fellowship. Join us in congratulating Gabriela Castillo, Katie Littman, Sarah Ortner, and Fariha Sheikh. Over the next six months, the fellows will explore development finance best practices, education, and advocacy, and collaborate on a project of significance to the industry.

A federal budget proposal to repeal the tax-exempt status of state and local bonds could significantly affect the municipal bond market. While intended to boost federal revenue, it raises concerns about higher borrowing costs for public projects. Recent economic volatility has already led to reduced investor demand and higher yields. Despite this, municipal bonds remain attractive for their tax benefits. The outcome of budget negotiations will shape the future of these exemptions and their role in funding infrastructure and community development.

CDFA's Revolving Loan Fund Course Week is returning with the intro level on May 12-13 followed by the advanced level on May 14-15. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

The Bond Dealers of America's most recent episode of Bonding Time features a discussion with BDA's Brett Bolton and Toby Rittner, CDFA President &CEO. Listen to the podcast to learn about the current situation on the Hill and the timing for the tax cut extensions, MAMBA legislation and the next steps, and CDFA's advocacy efforts.

CDFA congratulates Mindy Tramel, Loan Officer for Upper Cumberland Development District, on graduating from the Development Finance Certified Professional (DFCP) Program. Ms. Tramel operates a business loan program aimed at supporting entrepreneurs and small businesses across a 14-county region. Ms. Tramel provides critical financing to help businesses launch or expand, driving job creation and economic opportunity throughout Upper Cumberland.

Global food prices are rising sharply due to extreme weather, supply chain disruptions, and policy shifts. The USDA projects a 3.5% increase this year, with eggs up 54.6% from avian flu. Droughts are impacting crops like sugar and corn, driving record prices and threatening global food security. Geopolitical tensions and tariffs may raise costs by up to 20%. Experts urge investment in climate-resilient agriculture and local food systems to address growing risks of hunger and malnutrition in vulnerable regions. Development finance and community development professionals are urged to prioritize investments in climate-resilient agriculture and localized food systems to mitigate these escalating risks.

The Port is seeking its next Executive Vice President/Chief Financial Officer (EVP/CFO) to join a high-performing team dedicated to creating lasting impact in communities – from revitalizing residential neighborhoods to energizing commercial business districts. The ideal candidate is a strategic and operational leader who works in close partnership with the CEO and as a key member of the executive leadership team. This individual is responsible for attracting capital, leveraging the balance sheet and borrowing capacity, and ensuring strong financial policies, procedures, and reporting systems are in place. The EVP/CFO plays a critical role in strategic planning and execution across the organization and provides timely financial business intelligence and analytical support to the Executive Team and Board of Directors. Applications will be accepted electronically by Raftelis at jobs.crelate.com. The position will be open until filled with a first review of applications beginning May 20, 2025.

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