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Development Finance Review Weekly - February 17, 2022

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Development Finance Review Weekly
February 17, 2022
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CDFA Development Finance Review Weekly

Features

CDFA Federal Financing Webinar Series: New ARPA and IIJA Programs
In the last year, two major pieces of legislation have changed the federal funding landscape. During the Federal Financing Webinar Series, CDFA will feature timely and in-depth conversations with federal financing experts discussing new programs, updates to existing programs, and the latest strategies for applying and deploying funding.

DOE Looks to Build Cyber Threat Detection Platform for Electric Grid
The Energy Department is planning to develop a common platform for detecting cyber threats across the nation's patchwork of electric utilities under a new plan galvanized by the bipartisan infrastructure bill and a cross-governmental effort to improve the security of critical operational systems.

ESG Bonds and Green Bonds May Help Colleges' and Universities' Sustainability Plans
As colleges and universities develop and implement sustainability plans to reduce their carbon footprint, there remains the question as to how to fund these sustainability plans. In addition to federal and state grants, there is a new development in the debt market which could also lead to lower interest rates: ESG bonds and Green bonds.

Nevada Makes Historic Allocation of Tax-Exempt Bond Authority for Affordable Housing
The Nevada Housing Division announced that $300.7 million or 87 percent of Nevada's 2021 tax-exempt bonding authority has been earmarked for the development of affordable housing projects throughout the state. This historic investment is being made in the face of the acute and ongoing housing crisis that many Nevadans are facing. 

Novogradac Report Shows Surge in Opportunity Zones Investment in Second Half of 2021
The Novogradac Opportunity Zones Investment Report: Data Through Dec. 31, 2021, is now available. The report shows that nearly $24.40 billion in equity was raised by 978 QOFs, as reported to Novogradac. The total investment reported by Novogradac at the end of 2021 was $6.88 billion more than at midyear, a 39.3% increase.

City Council Approves Historic $1.2B Bond in San Antonio, TX
With a unanimous vote, San Antonio City Council placed a $1.2 billion municipal bond package on the May 7 ballot on Thursday. San Antonio voters will see six different bond propositions on their ballots, for parks ($272 million), streets ($472 million), drainage ($170 million), affordable housing ($150 million), public safety facilities ($78 million) and library and cultural facilities ($58 million).

House Committee Hearing Explores Cryptocurrency Energy Use, ESG Issues, and Opportunities
On January 20, 2022, the U.S. House Committee on Energy and Commerce held a hearing on the energy consumption associated with cryptocurrency activity. Committee members discussed a wide range of topics: blockchain and its energy impact on the climate, how crypto mining can affect utilities' management of energy resources and ultimately the price consumers pay for their electricity, and much more.

USDA Unveils Resource Guide to Help Rural Entrepreneurs Start and Grow Businesses
USDA Rural Development unveiled a resource guide to help people in rural America start and grow businesses, create good-paying jobs in their communities and strengthen America's economy. The guide features information on how rural entrepreneurs can use USDA and other Federal programs to access financing and other assistance to help start and expand their businesses.

Legislation Advances to Strengthen Farms, Bolster Minority Inclusion Through NJ Farmer Registry
The Senate Economic Growth Committee advanced legislation that would direct the Department of Agriculture to establish a New Jersey Minority, Women, and Underserved Farmer Registry. This registry would coordinate outreach to minority, women, disabled, LGBTQIA+, and socially disadvantaged farmers in the State who have been historically underserved by farm loan assistance programs.

Upcoming Events
Intro Revolving Loan Fund WebCourse
Upcoming Webcasts

SSBCI Coalition Meeting - February 18 (Virtual)
February 18, 2022 - 1:00 PM - 2:00 PM Eastern
SSBCI Coalition meetings will be held once a month to provide an interactive forum for CDFA members during the State Small Business Credit Initiative (SSBCI) application period. CDFA will facilitate discussions that allow for networking, peer knowledge sharing, and problem solving.

CDFA // BNY Mellon Development Finance Webcast Series: Analyzing the Impact of COVID-19 Emergency Loan Funds
Tuesday, February 22, 2022 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we take a look at some takeaways from the deployment of CARES Act funds and other emergency pandemic response programs, including how communities designed emergency loan funds and what impacts the funds had on small and micro businesses.

CDFA Federal Financing Webinar Series: Capacity Building Programs from EDA and NIST
Tuesday, March 1, 2022 - 2:00 PM - 3:30 PM Eastern
This session of the Federal Financing Webinar Series will highlight the resources available at the Department of Commerce to support projects in communities of all sizes. Learning about these programs can help fund projects in your community such as investing in physical infrastructure, developing new small business access to capital tools, building scalable startups, and creating and retaining manufacturing jobs.

Job & RFP Postings

RFI on ESG Practices in the Municipal Securities Market
The Municipal Securities Rulemaking Board is issuing this Request for Information to solicit public input on environmental, social and governance practices in the municipal securities market. The purpose is to obtain input from market participants and the general public in furtherance of the MSRB's mandate of protecting investors, municipal issuers and the public interest by promoting a fair and efficient municipal securities market.

Invest Atlanta Hiring Senior Vice President of Community Development
Reporting to the Chief Operating Officer, the Senior Vice President of Community Development will be responsible for conducting and supervising the strategic and day-to-day activities associated with community development in Atlanta, including supporting and implementing the City's affordable housing strategy, targeted redevelopment strategies, and neighborhood revitalization strategies.

Invest Atlanta Hiring Senior Vice President of Economic Development
Reporting to the President & CEO, the Senior Vice President of Economic Development will be responsible for conducting and supervising the day-to-day activities associated with economic development in Atlanta, including developing and implementing the City's economic development strategy, business creation, attraction, retention and expansion, innovation and entrepreneurship.

This Week's Headlines

Commissioners Green-Light TIF Area for Amazon Site
The Goshen News | Feb. 16 | Economic Development | Tax Increment Finance (TIF)

Developers Offer New Plan for Former YWCA Building in Lincoln, NE
Lincoln Journal Star | Feb. 16 | Community Development | Housing Finance | Redevelopment | Tax Increment Finance (TIF)

Medical Center in Downtown Los Angeles, CA Taps C-PACE for $10.9M  
CounterpointeSRE | Feb. 16 | Energy Finance | Property Assessed Clean Energy (PACE)

This Loan Fund Couldn't Find Affordable Housing to Support, So They're Building It
Next City | Feb. 16 | Community Development | Housing Finance | Revolving Loan Funds (RLFs) | Rural Development | Tribal Finance

Wichita, KS Tags Up to $7.8M to Help Cornejos Redevelop Toxic Former Refinery Site
The Wichita Eagle | Feb. 16 | Brownfield Financing | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

Milwaukee, WI Traffic Safety Projects to Receive $8.5M in TIF Funds
Planetizen | Feb. 15 | Infrastructure Finance | Tax Increment Finance (TIF) | Urban Development

Tank Removal Signals TIF Progress in Thiensville, WI
Greater Milwaukee's Trusted News | Feb. 15 | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

Congress Should Act to Remove Barriers to Broadband Access
Saporta Report | Feb. 14 | Infrastructure Finance

Downtown Billings, MT Will See From-the-Ground-Up Apartment Building Construction
Billings Gazette | Feb. 14 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Financing Battery Storage: Navigating a Maturing Market
pv magazine | Feb. 14 | Energy Finance | Green Finance

Influx of Federal Money Helps Fund New MBTA Bus Facility in Quincy, MA
WCVB | Feb. 14 | Energy Finance | Federal | Green Finance | Infrastructure Finance

LA County, CA Provides Nonprofit Builder Land, $72M for Affordable Housing Project
The Real Deal | Feb. 14 | Bond Finance | Housing Finance

US DOE Awards $25M for Wave Energy Testing at First-in-Nation Oregon Facility
OPB | Feb. 14 | Energy Finance

USDA Announces $50M in Grants Awarded to States to Support the Seafood Industry
USDA | Feb. 14 | Access to Capital | Disaster Recovery & Relief | Federal | Food Systems Finance | U.S. Dept. of Agriculture (USDA) | COVID-19

WHEFA Provides the Medical College of Wisconsin With Low Cost, Tax-Exempt Funds
WHEFA | Feb. 14 | Bond Finance

Will a Kansas Mystery Megaproject Doom Efforts to Eliminate the Food Sales Tax?
Topeka Capital-Journal | Feb. 13 | Access to Capital | Incentives | Legislative

First Round of New Infrastructure Bill Headed to Alabama
WVUA23 | Feb. 11 | Infrastructure Finance

Regional Development Alliance in Oklahoma Assists Agriculture Businesses
Enid News & Eagle | Feb. 11 | Access to Capital | Agriculture Finance | Rural Development


National Sponsor Spotlight

NW Financial Group, LLC NW Financial Group, LLC
NW Financial Group LLC is the premier Financial Advisory / Municipal Underwriting firm in the Northeast whose experienced professionals provide unparalleled expert advice to States, Local Governments, and Authorities. The professionals that make up...
PGAV Planners, LLC PGAV Planners, LLC
PGAV is a global leader in planning, design, and development consultation to public, corporate, and institutional clients. For more than fifty years, PGAV has created unique approaches and solutions to community planning and development issues, and...
SB Friedman Development Advisors SB Friedman Development Advisors
SB Friedman Development Advisors is a real estate and development advisory firm specializing in development strategies and public-private partnerships. Founded in 1990, they work with public, private and institutional clients. Their mission is to...

CDFA Bookstore

Cover thumbnail Practitioner's Guide to Economic Development Finance 3rd Edition
The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

New Members

CCD Business Development Corporation - Coos Bay, OR

City of Cambridge Maryland - Cambridge, MD

Esprit de Corps Corporation - North Las Vegas, NV

Nevada Rural Housing Authority - Carson City, NV

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net

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CDFA National Sponsors

  • BNY Mellon
  • Bricker Graydon LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor