The W.K. Kellogg Foundation has announced a $10 million investment to establish the Battle Creek Small Business Loan Fund. Kellogg will make an immediate $1 million investment in the Battle Creek Small Business Fund and will match local investments 2:1, up to $10 million.

New Missouri Gov. Mike Parson said he has no plans to reinstate a popular low-income housing tax credit program. In 2017, the Missouri Housing Development Commission voted to cut the program, a move led by then-Gov. Eric Greitens' appointments to the commission.

CRA was originally passed to eliminate the practice of "redlining." At the time of the CRA's inception, most banks were largely restricted by geography; there was only limited interstate banking in some states and none in others. 

Minnesota Innovation Loans for Entrepreneurs (MILE) is a pilot program that will provide interest-free loans ranging from $20,000 to $50,000. Businesses approved for loans under the program must have a 1-to-1 match from another funder and repay the loan within four years, with no payments required in the first year.

California residents can tap into more attractive financing to make their homes more energy efficient and comfortable thanks to the Residential Energy Efficiency Loan Program (REEL). REEL has helped finance more than 180 projects, representing over $3 million in financing.

The $700,000 loan will be used by Rubber City McDonald's to finance the purchase and improvements of a building located at 55 Furnace Street. Rubber City McDonald's will consolidate its headquarters operations and add training space into one central downtown location.

New data show that project requests to fund water and wastewater infrastructure projects through the U.S. EPA-administered State Revolving Fund (SRF) Program have increased 25 percent since last year according to new analysis from Bluefield Research.

The U.S. EDA has announced a Notice of Funding Opportunity for the 2018 Regional Innovation Strategies program competition. Up to $21 million is available through the program to help spur innovation capacity-building activities in regions across the nation.

The Los Angeles City Council may vote Wednesday to sell $300 million in "social bonds" to fund housing for homeless people. If the City Council agrees, the city will apply the "social bonds" designation to $300 million of taxable general obligation bonds it will sell in June.

Cleveland plans to hit the market on Wednesday with a $144 million deal to finance capital improvements, including a new police headquarters and equipment officials say will make Cleveland's streets safer.

Tax increment finance is a popular development finance tool generally used to address blight, promote neighborhood stability and inspire district-oriented development. The Council of Development Finance Agencies (CDFA) and the International Council of Shopping Centers (ICSC) have collaborated with teams of Tax Increment Finance Experts from across the country to develop a series of resources that highlight the use of this bedrock development finance tool.

In this webinar, experts on USDA financing programs will be on hand to discuss the myriad rural development finance programs offered by the USDA, as well as how rural communities can effectively access and deploy USDA grants and loans. The focus of the webinar will be on the Community Facilities (CF) Program, the Rural Energy for America Partnership (REAP), and Rural Business Development Programs.

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