Join CDFA for the 2023 Virtual Summer School August 7-15 and save with the CDFA Scholarship Program! The CDFA Scholarship Program is designed to encourage professional development within the development finance industry and support both CDFA members and non-members with the cost of registration fees. Save an additional $125 when you register for three courses!

The U.S. Environmental Protection Agency (EPA) launched a $7 billion Solar For All competition to increase access to affordable, resilient, and clean solar energy for millions of low-income households. Created by the Inflation Reduction Act's Greenhouse Gas Reduction Fund (GGRF), the competition will expand the number of low-income and disadvantaged communities primed for residential solar investment by awarding up to 60 grants to create and expand low-income solar programs.

The state of California's Infrastructure and Economic Development Bank (IBank) announced the first investment by a new state program, Expanding Venture Capital Access. The program — the first venture capital (VC) program administered by the state — was designed to create a more inclusive VC ecosystem. Unshackled Ventures received $4.1 million as the state's first investment.

Massachusetts recently established a "green bank" to help finance new climate-friendly affordable housing and retrofit existing buildings so that they're more energy-efficient and fossil fuel-free. Officially known as the Massachusetts Community Climate Bank, Gov. Maura Healey said the green bank would jumpstart "green building and renovation projects" to help the state meet its climate goals and that it will help bring down housing and energy costs for low-income residents.

In Colorado, over $1 billion in new investments have flowed into the state over the past five years through Qualified Opportunity Zones (QOZ). These projects have helped fuel housing projects, clean energy projects, business expansions or relocations, public-private infrastructure projects, and more as they've stimulated local economies and aided in job creation. The Grand Junction area is home to seven Colorado Opportunity Zones.

A tax increment financing proposal from the city of Ridgefield could give the city millions of dollars to build needed infrastructure and spur development as the city's rapid growth continues. Tax increment financing is a relatively new concept in Washington but has been used in other states for decades. The program lets local government invest in infrastructure and other improvements, then pay later for those improvements through bonds or other methods. A key benefit is that jurisdictions get to capture future anticipated tax revenues now.

The "Alex" Rickli Memorial Soccer Complex in Berkely Springs, WV, a 10-acre once underutilized former industrial property, is now a state-of-the-art soccer complex. It includes multi-use recreation fields, bioretention gardens, a concession stand, and a beautiful playground with a soon-to-be-installed covered pavilion and expanded parking facilities.

The Housing Company and its community partners unveiled new affordable housing developments for Caldwell workers and families at Sunset Landing Apartments. The Housing Company, an Idaho nonprofit whose goal is to preserve affordable housing developments, partnered with the Idaho Housing and Finance to address the housing needs of Canyon County. The Low Income Housing Tax Credit (LIHTC) is the primary source of financing for the apartment complex.

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