The CDFI Fund will award approximately $142.9 million to CDFIs and qualified nonprofit housing organizations this year to finance affordable housing activities, related economic development activities and community service facilities, with the goal of attracting private capital to economically distressed communities.

Marx Development is planning to bring a 531-room hotel to Hudson Yards, filing plans with the city this week for its building at 11th Avenue and 37th Street. Marx has raised around $66M in EB-5 financing, and last month reportedly scored an $88M construction loan from Mack Real Estate Credit Strategies.

Yields at issue for green municipal bonds are on average 0.06 percentage points below yields paid on otherwise equivalent bonds. This is important for municipal bond issuers because it means investors may be willing to accept lower returns in order to hold bonds identified as socially responsible.

Although the lack of affordable housing is often seen as a major issue for cities, rural communities also face shortfalls in rental housing that is decent, safe, and affordable. The LIHTC program is often the only source of high-quality affordable housing production and preservation in rural areas throughout the US.

USDA is making investments in 35 states through the Water and Waste Disposal Loan and Grant program. The funds can be used to finance drinking water, storm water drainage and waste disposal systems for rural communities with 10,000 or fewer residents. In total, $267 million will be invested this round.

The project is eligible for $6.7 million in brownfield reimbursement over 20 years. The Lansing Economic Area Partnership Inc. said in a statement that the reimbursement would be paid from the $13.7 million increase in new property taxes the developer would pay on the improved property during the same time period.

The heyday of Wisconsin tax credit awards for historic building restorations ended with a bang as the state awarded $57.6 million to developers since the start of May.

Congressman John Curtis (R-UT) has introduced the bipartisan Small Business Access to Capital and Efficiency Act, which aims to reduce regulations that are burdening the Small Business Administration's 504 loan program.

The $36.5 million dollar project will renovate one building, and demolish two to make room for Buckham Square. The project's brownfield plan includes $2.5 million of reimbursable fees. The OPRA approval has frozen the project's tax bill at $25,000 for the next 14 years. After that, it's estimated to generate $530,000 in tax revenue for the city,

Three Republican senators have introduced a bill that would sharply reduce federal spending on transportation and slash fuels taxes over five years, shifting much of the authority to states and away from the ailing Highway Trust Fund. The bill would eliminate the HTF's mass transit account.

A plan costing up to $3 billion to replace San Diego's Lindbergh Field's more than 50-year-old Terminal 1 as well as redevelop other parts of the airport has advanced with the release of a lengthy environmental analysis documenting potential impacts.

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