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Development Finance Review Weekly - June 4, 2026

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Development Finance Review Weekly
June 4, 2026
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CDFA Development Finance Review Weekly

Spotlight

CDFA's Bipartisan Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) Introduced in U.S. House
CDFA, along with NCOSAFP, are pleased to announce that U.S. Representatives Darin LaHood (IL-16), Randy Feenstra (IA-04), Terri Sewell (AL-07) and Dwight Evans (PA-03) have introduced the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) in the U.S. House on Tuesday, June 2, as H.R. 9100. With MAMBA now introduced in both chambers, CDFA will continue to push to get MAMBA passed.

Features

Accelerator for America Releases the Opportunity Zone Designation Toolkit for Local Leaders
Accelerator for America is proud to release the Opportunity Zone Designation Toolkit for Local Leaders, a practical toolkit to help mayors, economic and community development practitioners, and local leaders identify and prioritize the census tracts most likely to attract investment to address key community needs. This toolkit is a guide for communities to identify and advocate for tracts that are most likely to attract capital that aligns with community priorities and lay the groundwork for implementing local policies and programs to drive impactful OZ investments.

CDFA Recognizes Joshua Strickland, DFCP
CDFA is pleased to announce Joshua Strickland, Manager of Financial Planning and Business Analysis at Toledo-Lucas County Port Authority, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Mr. Strickland joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

CDFA Recognizes Shiloh Poynter, DFCP
CDFA is pleased to announce Shiloh Poynter, Program & Contract Manager for the Washington State Department of Commerce, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Poynter joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

Check Out Our Updates to the CDFA Food Finance Portal!
CDFA is excited to announce important updates to the CDFA Food Finance Portal. Made possible by the support of the W.K. Kellogg Foundation, the portal is designed to connect food system businesses, projects, and communities with financing opportunities.

Early Bird Registration Rates Ending for CDFA's Housing Finance Week Courses
Early Bird Rates for CDFA's Housing Finance Week Courses close this Friday, June 5. Don't miss your chance to save registration and expand your knowledge base at either the Intro Housing Finance Course on June 23-24 or the Advanced Housing Finance Course on June 25, or both!

NOFO: $4.04B for FY 2026 Continuum of Care Competition and Youth Homelessness Demonstration Program Grants
HUD announced $4.04B to better serve America's vulnerable populations through the Continuum of Care (CoC) homelessness assistance program. This program shifts away from a 'housing first' solution to focus on the necessary reforms for mental health support and addiction recovery.

NOFO: Building Resilient Infrastructure and Communities (BRIC) Grant Program
The Federal Emergency Management Agency (FEMA) Building Resilient Infrastructure and Communities (BRIC) Grant Program is offering grants of up to $20 million to support pre-disaster mitigation activities that reduce disaster losses, protect life and property from future disaster damages, and increase community resilience to natural hazards. The deadline to submit applications is July 23, 2026.

NOFO: Consolidated Rail Infrastructure and Safety Improvements Program (CRISI)
The U.S. Department of Transportation (DOT) Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program is offering funding with no predetermined award maximum for projects that improve the safety, efficiency, and reliability of intercity passenger and freight rail. Competitive projects will reduce train accidents, highway-rail grade crossing incidents, and trespass incidents, and/or restore and modernize core assets. Applications due June 22, 2026.

NOFO: Distance Learning and Telemedicine Grant Program
This competitive program helps rural communities use advanced telecommunications technology to overcome the effects of remoteness and low population density. Based on Fiscal Year 2026 appropriated funding, the agency estimates that approximately $27 million will be available. Applications are due June 30, 2026.

NOFO: DOE Opens $3.5M Microgrid Funding Opportunity for Remote Communities
The U.S. Department of Energy opened a new funding opportunity offering up to $2.5 million in direct project support and about $1 million in technical assistance to support microgrid development in remote and isolated regions. Applications are due July 2, 2026.

Upcoming Events
Intro Housing Finance Course
Upcoming Webcasts

CDFA-Bricker Graydon Wyatt Webinar Series: How to: Fund Parking & Infrastructure
June 9, 2026 - 2:00 PM - 3:30 PM Eastern
Parking structures, utilities, and other infrastructure often determine whether a development project is financially viable. The session will highlight how infrastructure investments are structured within broader deals.

Tax Credit Networking Circle Forum
June 10, 2026 - 1:00 PM - 2:00 PM Eastern
CDFA's Tax Credit Networking Circle Forums are quarterly, one-hour virtual meetups that bring together professionals working with tax credits in development finance. Led by expert Ambassadors, these sessions offer a space to share ideas, explore real-world challenges, and stay connected between meetings through ongoing online discussions. Whether you're new to tax credits or managing complex deals, these circles offer valuable insight and community.

CDFA // BNY Development Finance Webcast Series: Bond Finance for Infrastructure & Transportation
June 16, 2026 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will discuss strategies for using bonds to finance industrial parks, logistics hubs, and transportation infrastructure that attract businesses and enhance regional connectivity.

Job & RFP Postings

Maryland DHCD - Energy Quality Assurance Inspector
The Quality Assurance Inspector will assist DHCD programs achieve production goals and ensure compliance with program rules and regulations. This position is responsible for evaluating the work performed by Energy Retrofit Service Providers. Tasks include conducting site visits, performing desk-top data monitoring, and providing training and technical assistance to the service providers. The type of work evaluated may include energy efficiency, electrification, and repair work for both single-family and multifamily residential buildings.

ROC USA - Program Director/Manager, PRICE Grant Program
ROC USA is hiring a Program Director or Manager to lead the administration of ROC USA's PRICE grant from the U.S. Department of Housing and Urban Development. This role involves managing the PRICE grant and assisting in applying for future PRICE grants, ensuring compliance with PRICE funding requirements, and overseeing the proper use and reporting of PRICE funds. This person will work closely with various stakeholders, including HUD, partner organizations, and internal teams, to advance the organization's mission through the PRICE program, both as a grantee and passthrough entity.

This Week's Headlines

Treasury Secretary Scott Bessent's Statement to the House Ways and Means Committee
U.S. Department of the Treasury | Jun. 4 | Federal | Legislative | U.S. Dept. of Treasury

U.S. Bank Regulators to Tout Deregulatory Agenda to Lawmakers
Reuters | Jun. 4 | Federal | Legislative

Arkansas Backs 12 Developments With Housing Credits
Affordable Housing Finance | Jun. 3 | Housing Finance | Tax Credits

Charlotte Proposes Opportunity Zone Around Struggling Northlake Mall
WFAE 90.7 | Jun. 2 | Opportunity Zones | Redevelopment

Denver Gives Green Light for $15.5M TIF District to Help Revive Historic Jazz Hub and Hotel
The Denver Gazette | Jun. 2 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Greater Worcester Community Foundation Marks 50 Years with $2M Investment to Address Affordable Housing, Food Security
The Worcester Guardian | Jun. 2 | Community Development | Food Systems Finance | Housing Finance | Revolving Loan Funds (RLFs)

How Whitewater, WI, is Trying to Build More Housing for University Grads
The Cap Times | Jun. 2 | Housing Finance | Revolving Loan Funds (RLFs)

Renewable Energy Projects Will Hinge on State Tax Incentives
Bloomberg | Jun. 2 | Energy Finance | Incentives | Tax Credits

The USDA's Local Food Program Transformed Regional Food Systems. Now It's Gone.
Civil Eats | Jun. 2 | Agriculture Finance | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

USG To Spend $1.2B On Texas Construction Materials Factory
Megaproject | Jun. 2 | Infrastructure Finance | Opportunity Zones

A New Opportunity Zone Competition Is About to Begin
Urban Land | Jun. 1 | Opportunity Zones | Rural Development

Big Law Redefined: From QOZ 1.0 to 2.0: Capital, Zones, and What Changed
National Law Review | Jun. 1 | Opportunity Zones

Chicago Plans $19.2M Purchase Of Greyhound Station To Save Bus Service
Block Club Chicago | Jun. 1 | Infrastructure Finance | Tax Increment Finance (TIF)

City Ave District Awarded $1M Through Main Street Matters to Advance Bala Avenue Revitalization
Main Line Times & Suburban | Jun. 1 | Housing Finance | Revolving Loan Funds (RLFs)

Gov. Reynolds Signs Agriculture and Water-Quality Bills into Law
Iowa Capital Dispatch | Jun. 1 | Agriculture Finance | Revolving Loan Funds (RLFs)

HUD Ends Restore-Rebuild Initiative
National Low Income Housing Coalition | Jun. 1 | Housing Finance | Tax Credits | U.S. Dept. of Housing & Urban Development (HUD)

Novogradac to Honor 16 CDEs at New Markets Tax Credit Conference
PR Newswire | Jun. 1 | Tax Credits

Part Bargain, Part Gamble, MT City Approves Funds for Industrial Park
Montana Free Press | Jun. 1 | Redevelopment | Tax Increment Finance (TIF)

Pennsylvania Lawmakers Push Federal Bill to Boost Clean Energy
WHYY | Jun. 1 | Energy Finance | Green Finance | Tax Credits

Rural Investment Project (tRIP) Grant Information Session June 17
Rural Investment Project | Jun. 1 | Access to Capital | Community Development | Rural Development

Spaceport Facility Bonds are Now Law – And They Fundamentally Change Space Infrastructure Finance
Space News | Jun. 1 | Bond Finance | Infrastructure Finance | Innovation Finance | Legislative

Texas Adds Another Huge Solar Farm as ERCOT Grid Demand Soars
Electrek | Jun. 1 | Energy Finance | Green Finance | Infrastructure Finance

USDA Micro-Grants for Food Security Program
USDA | Jun. 1 | Agriculture Finance | Federal | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

What Happened to Alternative Energy Investments from the 1970s?
Marketplace | Jun. 1 | Energy Finance

Mayor Mamdani Outlines ‘Block By Block' Plan For Affordable Housing Construction
New York YIMBY | May. 31 | Housing Finance | Revolving Loan Funds (RLFs)

Colorado Awards Housing Credits to Support More Than 600 Affordable Homes
Affordable Housing Finance | May. 29 | Housing Finance | Tax Credits

Managing Margin Compression: Bulge Financing in the Farm Credit System
JD SUPRA | May. 29 | Agriculture Finance

Solar Energy Helps US Farms Stay Afloat – But Republicans' Bill Could Change That
The Guardian | May. 29 | Agriculture Finance | Energy Finance | Green Finance

Transportation Secretary Sean P. Duffy Invests $523M to Modernize Airport Infrastructure in 43 States
U.S. Department of Transportation | May. 29 | Federal | Infrastructure Finance | U.S. Dept. of Transportation (DOT)

USDA Launches Great American Cotton Plan to Revitalize the Cotton Farm Economy
U.S. Department of Agriculture | May. 29 | Agriculture Finance | Federal | U.S. Dept. of Agriculture (USDA)


CDFA President's Club Spotlight

MuniCap, Inc. MuniCap, Inc.
MuniCap, Inc. is a public finance consulting firm based in Columbia, Maryland that specializes in the public finance aspects of redevelopment. MuniCap is headquartered in Columbia, Maryland, with additional offices located in Dallas, Texas,...
PGAV Planners, LLC PGAV Planners, LLC
PGAV is a global leader in planning, design, and development consultation to public, corporate, and institutional clients. For more than fifty years, PGAV has created unique approaches and solutions to community planning and development issues, and...
SB Friedman Development Advisors SB Friedman Development Advisors
SB Friedman Development Advisors is a real estate and development advisory firm specializing in development strategies and public-private partnerships. Founded in 1990, they work with public, private, and institutional clients. Their mission is to...

CDFA Bookstore

Cover thumbnail Advanced Tax Increment Finance Reference Guide 2nd Edition
The Advanced Tax Increment Finance Reference Guide builds upon CDFA's introductory offerings by exploring in-depth the complexities and transformative potential of tax increment financing.

New Members

City of Fellsmere - Fellsmere, FL

City of Richmond - Richmond, VA

Housing Trust Fund San Luis Obispo County - san luis obispo, CA

The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member