The final tax bill is likely to retain tax-exempt private activity bonds, which are used for multi- and single family housing, airports, water and sewer facilities, as well as nonprofit hospitals and universities. However Republicans are still negotiating PAB provisions, and they have considered eliminating smaller categories of PABs, like industrial development bonds and agricultural bonds. CDFA urges all stakeholders to call their representatives immediately, and ask them to preserve ALL private activity bonds.

The Texas Water Development Board has approved financial assistance totaling $18.37 million from the Clean Water State Revolving Fund to the city of Abilene for planning, design, and construction of a water meter replacement project.

The Entrepreneurs of Color fund, launched in 2015 with $6.5 million, will swell to more than $18 million as new donors add to the investments already made by Chase, the W.K. Kellogg Foundation, and the nonprofit Detroit Development Fund.

A decade after California became ground zero for what is now one of the country's fastest-growing home loan programs, the state has passed unprecedented regulations to protect borrowers from deceptive financial practices. "There hasn't been a lot of these things, but it's been enough that it's worrying," says Tim Fisher, of CDFA.

Skidmore College plans to break ground by next summer on a $67.5 million science center expansion, which will include new construction and renovation of existing areas. The Center for Integrated Sciences, with 115,000 square feet of new space, will have 46 research labs, 16 classrooms and 22 teaching labs.

House Ways and Means Chairman Kevin Brady has indicated that there's "agreement" that private activity bonds play an important role in economic development, but that they've "drifted far afield from their original mission."

The New Markets Tax Credit Coalition has published a new report on the economic impact of the New Markets Tax Credit (NMTC) from 2003 to 2015. The report analyzed U.S. Department of Treasury data and survey data from 5,000 projects financed by the Credit.

The Illinois Finance Authority board is expected to clear $1.26 billion of deals at its meeting Thursday as borrowers rush to market ahead of federal tax legislation that is likely to end advance refundings and might strip not-for-profits of their tax-exempt borrowing powers.

Sharp cuts in capital spending and a switch to more general obligation borrowing are among contingencies as Connecticut officials look to grasp a transportation funding crisis.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss the basics of crowdfunding, provide legislative updates, and even provide examples of successful programs from around the nation.

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