On September 27, officials from the White House, the Senate Committee on Finance, and the House Committee on Ways and Means ended months of tax reform speculation by releasing a unified framework for tax reform. Over the coming weeks and months the Congressional tax-writing committees will begin writing legislation based on the unified framework, and we at CDFA will work to ensure that development finance interests are represented throughout this process.

The Trump administration released a "Unified Tax Reform Framework," outlining the consensus principles to guide consideration of tax reform this fall. While the framework "envisions the repeal of other business credits," such as the NMTC, the historic tax credit, and the renewable energy tax credits; framework explicitly retains LIHTC,

CDFA is calling on Congress to create a permanent, special category of federal tax-exempt bonds, which can be used by states and municipalities to support recovery efforts in the areas affected by disasters, both natural and man-made.

Greenworks Lending announced it has closed the nation's first rated securitization of exclusively C-PACE assets. The $75 million issuance was arranged by Guggenheim Securities and TIAA Investments was the lead investor. Morningstar Credit Ratings, LLC, rated the securitization.

On September 22nd, 17 Democratic Congressmen and women sent a letter to Committee on Ways & Means Chairman Kevin Brady and Ranking Member Richard Neal, asking for their assistance in passing a disaster relief package to aid the communities and regions affected by Hurricanes Harvey, Irma, and Maria.

A financing period, determined in 1986 by the CCDC, for capital improvements to the city's 10-block downtown will sunset next year. Over the last 20 years, downtown Boise has utilized TIF to finance many projects.

The CDFI Fund released a Summary Report and data collected on New Markets Tax Credit investments across the nation through fiscal year 2015. For the first time, the Summary Report being released today categorizes all investments utilizing the North American Industry Classification System (NAICS).

During this installment of the CDFA//BNY Mellon Development Finance Webcast Series, SBA 504 Loan Program experts, Barbara Vohryzek from the National Association of Development Companies, Mike O'Donnell from Colorado Lending Source and Bill Habermeyer from Florida Business Development Corporation, present how to apply for financing, who should consider applying, and examples of businesses that have successfully used the 504 program in the past to grow and develop.

The MSRB should be focusing its time and resources on being more efficient, rather than commenting on issues over which it has no authority, lawyers said. Their comments came during a panel discussion on market disclosure and pricing transparency at The Bond Buyer's California Public Finance Conference.

More than 3,000 individuals at 505 municipal advisor firms across the nation passed their first mandatory exam and are now qualified to provide advisory services to state and local governments and other clients, the Municipal Securities Rulemaking Board announced.

Infrastructure is a critical asset to attract new development and investments in communities across the nation. It is important for development finance agencies to pair local and federal programs to create a capital stack that can sufficiently fund maintenance and expansions. Is your community having difficulties finding financing for infrastructure improvements? Listen to this session to learn about federal and local programs that can be leveraged to support your community's infrastructure goals.

Speakers:
Lori Lutzka, Development Projects Manager, City of Milwaukee
Peter Mancauskas, Project Finance Manager, Federal Highway Administration Office of Innovative Program Delivery
Mary Schanning, Deputy City Attorney, City of Milwaukee
Frederick Werner, Project Finance Program Manager, Federal Highway Administration Office of Innovative Program Delivery

During this installment of the CDFA//BNY Mellon Development WebCast Series, development finance practitioners will survey finance tools utilized to finance housing and provide a brief introduction to the world of housing finance.

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