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Development Finance Review Weekly - August 7, 2025

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Development Finance Review Weekly
August 7, 2025
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CDFA Development Finance Review Weekly

Features

CDFA Launches TIF Networking Circle Forums, Peer Learning with Experienced Ambassadors
Join us for CDFA's TIF Networking Circle Forum, sponsored by Stifel. These are quarterly, hour-long virtual meetups designed to connect professionals working with Tax Increment Financing (TIF). These member-exclusive sessions offer a space for open conversation, peer learning, and shared problem-solving, guided by experienced Ambassadors who lead the discussion and help keep the conversation going between meetings. Whether you're exploring your first TIF deal or managing an active portfolio, you'll gain practical insights, hear what's working in other communities, and expand your network. The inaugural session is on August 21 at 1:00 PM Eastern. Register today!

One Big Beautiful Bill Act Delivers Historic Win, Making New Market Tax Credits Permanent
The New Markets Tax Credit (NMTC) Program has reached a historic milestone. After 25 years of proven success, permanency is finally here. Contained in the One Big Beautiful Bill Act, which President Trump signed into law on July 4, 2025, was a provision that makes the NMTC permanent at $5 billion in annual allocation authority. This isn't just another extension—it's the permanency that advocates have fought for, and the program stability that communities deserve.

Update: Amended Notice of Funding Opportunity for Rural and Tribal Assistance Pilot Program Available
An amended Notice of Funding Opportunity (NOFO) for $54.2 million is now available in no-match grants on a first-come, first-served basis for transportation projects in rural and tribal communities. This NOFO has a set-aside of $20 million for Tribes and combines program funds from Fiscal Years 2024 and 2025. Applications will be accepted beginning September 8, 2025, at 2 PM EST, via an online application portal.

EPA Considers Ending $7B Solar for All Program Funding
The Environmental Protection Agency is considering terminating its $7 billion Solar for All program that was designed to bring renewable and affordable energy to low-income communities, two sources confirmed to CBS News. The Solar for All program provides funding to 60 grant recipients who plan to create or expand existing low-income solar programs, with the goal of enabling 900,000 households across the country in disadvantaged communities to utilize solar energy to reduce their home energy bills. If the EPA is ultimately successful, then most recipients will have lost years of work across the country to help low-income households.

IBank Board Approves $11M Loan to City of Del Mar for Utility Line Undergrounding Project
The California Infrastructure and Economic Development Bank (IBank) board of directors approved $11 million in loan financing for the City of Del Mar for a project that will move utility lines underground, lowering maintenance costs and reducing fire risks currently related to above-ground utilities.

Upcoming Events
CDFA National Development Finance Summit
Upcoming Webcasts

CDFA // BNY Development Finance Webcast Series: Manufacturing Expansion with Industrial Development Bonds
August 19, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series panelists will be presenting on the significant benefits of Industrial Development Bonds (IDBs) to both manufacturers and governmental entities. These municipal bonds are used to finance manufacturing facilities, infrastructure projects, and other industrial ventures. Whether you're in the public or private sector, learn how these bonds attract and grow manufacturing, and understand the careful consideration of risks, including project feasibility and repayment capacity, that are crucial for the successful use of IDBs in manufacturing expansion.

SSBCI Coalition Meeting - Virtual
August 22, 2025 - 1:00 PM - 2:00 PM Eastern
Each month, CDFA hosts SSBCI Coalition meetings where we provide updates, insights, and opportunities for networking and problem-solving. These meetings allow you the chance to connect with peers and stay informed on the latest developments. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.

Job & RFP Postings

City of Dallas - Economic Development Coordinator, Catalytic Development
The Economic Development Coordinator performs a variety of administrative, technical and professional functions in preparation of economic and community development plans, programs and services. Assist businesses with local and state permitting processes and will provide research, as needed, for special town development projects. The Economic Development Coordinator position may perform a variety of duties within the Office of Economic Development including administrative, technical, financial and/or other professional functions in preparation of economic and/or community development plans, programs, projects, finances and/or services. May assist businesses with local and state permitting processes and may perform research and/or analysis as needed for management ad-hoc requests, presentations and projects under consideration. Applications close August 19.

This Week's Headlines

EDA's Economic Recovery Corps is Bringing Much-Needed Capacity to Rural Places Seeking to Attract Investment
The Brookings Institution | Aug. 6 | Opportunity Zones | Redevelopment | Rural Development

Foothills YMCA to Expand With $6M in JEDA Financing
JEDA | Aug. 6 | Bond Finance | Community Development | Economic Development

Historic SNAP Cuts Leave 131K Oklahomans' Food Security Hanging
OU Daily | Aug. 5 | Access to Capital | Agriculture Finance | Community Development | Food Systems Finance | Resiliency | U.S. Dept. of Agriculture (USDA)

Now Open: The U.S. Economic Development Administration's Disaster Supplemental Grant Program
U.S. EDA | Aug. 5 | Disaster Recovery & Relief | Federal | U.S. Economic Development Administration (EDA)

Southern U.S. Municipal Bonds Power Climate-Resilient Infrastructure Across the South
AI Agenda | Aug. 5 | Access to Capital | Bond Finance | Energy Finance | Green Finance | Infrastructure Finance

Using Opportunity Zones to Invest in Rural Areas While Saving Taxes
claconnect.com | Aug. 5 | Opportunity Zones | Rural Development

New Penalties for Taxpayers in the One Big Beautiful Bill Act
RSM | Aug. 4 | Federal | Legislative | Opportunity Zones

Scholten Urges Farm Reform and Local Food Investment in Ankeny, IA
Iowa Capital Dispatch | Aug. 4 | Access to Capital | Agriculture Finance | Community Development | Food Systems Finance | Resiliency | Rural Development

USDA Launches $230M Domestic Food Purchase to Fuel Food Banks Nationwide
The Center Square | Aug. 4 | Access to Capital | Agriculture Finance | Community Development | Food Systems Finance | U.S. Dept. of Agriculture (USDA)


National Sponsor Spotlight

Hawkins Delafield & Wood LLP Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the United States whose practice is devoted primarily to public finance and public projects. Each of their specialty areas supports and complements our municipal transactions practice....
Ice Miller LLP Ice Miller LLP
Ice Miller is nationally recognized for its public-private partnerships (P3s), municipal bond, and economic development experience. Built on a foundation of legal service more than a century-long, the firm is committed to helping our clients stay...
KeyBanc Capital Markets KeyBanc Capital Markets
KeyBanc Capital Markets, headquartered in Cleveland, Ohio, is a full-service investment banking firm serving issuers of tax-exempt debt for over 40 years. The Public Finance Municipal Banking Group operating out of offices in Cleveland, Chicago, New...

CDFA Bookstore

Cover thumbnail Innovation Finance Reference Guide
The Innovation Finance Reference Guide explores the growing seed, venture capital, and angel investment industry, and gives development finance agencies a roadmap for building an innovation finance initiative that supports entrepreneurship, business investment, and job creation.

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

  • Alliant Insurance Services, Inc.
  • BNY
  • Bricker Graydon Wyatt LLP
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  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
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  • McGuireWoods
  • MuniCap, Inc.
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  • RDF
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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