George Friedlander of Court Street Group offers his weekly municipal market commentary, which also includes thoughts on tax reform, a potential infrastructure package, and the CDFA disaster recovery bond proposal.

Despite President Trump's apparent about-face on P3 support, lawmakers still value private support for infrastructure investment. With CDFA-supported disaster recovery legislation currently being debated in Congress, now may be the time for legislators to pass a major federal infrastructure package.

Renovate America, the nation's largest PACE provider, hailed CA Governor Jerry Brown's signing into law of two bills that provide a landmark regulatory and consumer protection framework for Property Assessed Clean Energy (PACE) financing.

Greeley, CO officials have put together a broad-ranging financial incentive plan to spur more downtown development. The incentives include DDA tax increment funds, a downtown redevelopment fund, tax credits, and private activity bonds for affordable housing.

Six Kentucky-based banks have launched a first-of-its kind investment fund to support public-private partnership (P3) projects throughout Kentucky. The Commonwealth Infrastructure Fund is an innovative, private fund established to provide debt financing to private-sector firms participating in public infrastructure projects at both the state and local levels.

The Higher ED Blog publishes a quarterly economic development research roundup that shares new research practitioners might find useful. The series draws from Economic Development Quarterly, Regional Studies, the Journal of Rural Studies, and other reputable peer-reviewed academic journals.

Of the $18 million project cost, the developer spent about $2.7 million to upgrade six of the 10 miles of power lines needed to take the power to the Sharon substation. Offsetting the total development cost, the developer received about $6 million in federal investment tax credits that it can keep or sell to lower tax liabilities,

The bond markets are a whole new ocean of capital, with different faces and different rules, and different procedures to learn, but also some key benefits. By going directly to the bond market, CDFIs can access much more patient and friendly capital than they're used to getting.

Witnesses representing issuers and manufacturers made the case to lawmakers that tax-exempt bonds and other infrastructure financing tools need to be protected. The comments came during a hearing of the House Committee on Transportation and Infrastructure's subcommittee on highways and transit.

The State of Ohio will sell $265 million of general obligation bonds to finance infrastructure improvements and the state's research and development program.

Several bond attorneys have given newly proposed TEFRA rules a positive reception. The TEFRA rules proposed Sept. 28 by Treasury and the Internal Revenue Service would update public notice and approval requirements for private activity bonds from temporary rules that were issued back in 1983.

During this installment of the CDFA//BNY Mellon Development WebCast Series, development finance practitioners will survey finance tools utilized to finance housing and provide a brief introduction to the world of housing finance.

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