Reserve your spot at the 2023 CDFA Federal Policy Conference on April 11-12, 2023, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and the National Development Council, will bring together leaders from the Biden administration, Congress, federal agencies, and the development finance industry to discuss the massive infrastructure investments made by the 117th Congress as well as the development finance challenges that state and local governments continue to face. Space is limited; act fast!

MassDevelopment, Massachusetts' state development finance agency and land bank, has issued $151.7 million in tax-exempt bonds to public housing authorities in the Boston suburbs of Brookline, Cambridge, Framingham, and Medford. The proceeds will be used to renovate and preserve 368 units of housing for families, seniors, individuals living with disabilities, and people experiencing homelessness.

Join us Tuesday, April 18 at 2:00 PM ET to tune into our next installment of the CDFA // BNY Mellon Development Finance Webcast Series: Utilizing TIF with Brownfield Redevelopment Projects. During this webinar, TIF experts will introduce this financing tool and explore new strategies that local governments are employing to bring investment to otherwise unusable spaces.

Howard University has closed on a $316 million tax-exempt bond transaction that enhances the student experience, addresses critical housing facility needs, and assures student residential environments commensurate with top-ranked higher education institutions.

The city of Madison approved the plan for a Tax Increment Financing (TIF) district in the South Madison area. The TIF district, called TID 51, is estimated to provide a total of $115 million in financial support, with $99 million of the funding to be allocated for the development of South Madison.

The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance that provides detailed information about the bonus under the Inflation Reduction Act for clean energy projects and facilities located in communities that have driven and historically been at the forefront of energy production. Developers can receive a bonus of up to 10 percentage points on top of the Investment Tax Credit (ITC) and an increase of 10 percent for the Production Tax Credit (PTC).

U.S. Department of Agriculture (USDA) Rural Development Ohio State Director Jonathan McCracken announced that USDA is accepting applications for $1 billion in grants to help agricultural producers and rural small businesses invest in renewable energy systems and make energy-efficiency improvements.

The $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) is poised to change how the U.S. views and implements public-private partnerships (P3s). At a high level, it encourages public entities to consider P3s and incentivizes private entities to engage in the P3 market by dismantling roadblocks — including removing government red tape, increasing the availability of federal funding, and delivering much-needed technical expertise and guidance to successfully execute P3s.

The U.S. Environmental Protection Agency (EPA) has announced more than $24 million from the 2023 Consolidated Appropriations Act for states, Tribes, and territories through this year's Clean Water State Revolving Funds (CWSRF) in the states of Colorado, Montana, North Dakota, South Dakota, Utah, and Wyoming. The funding will help communities upgrade essential wastewater and stormwater systems to protect public health and treasured water bodies across the nation.

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