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Development Finance Review Weekly - November 24, 2016

Development Finance Review Weekly
November 24, 2016
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CDFA Development Finance Review Weekly

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Treasury Announces $7B Allocation of New Markets Tax Credits
The Treasury's CDFI Fund announced that 120 organizations nationwide will receive a total of $7 billion in New Markets Tax Credit awards. This is the largest single award round since the New Markets Tax Credit Program was created in 2001.

CDFA // BNY Mellon Webcast Series: Post-Election Development Finance Landscape
This month's CDFA // BNY Mellon Development Finance Webcast Series on the post-election development finance landscape featured Toby Rittner of CDFA, Eric Silva of North South Government Strategies, George Friedlander of George Friedlander Consulting, and David Terry of NASEO.

Best Practice Guidelines for Residential PACE Financing
This document from the DOE provides revisions to the original "Guidelines for Pilot PACE Financing Programs," to reflect the evolving structure of the PACE market and incorporate lessons learned from various PACE programs that have been successfully implemented. The revised and updated guidelines focus specifically on best practices and guidelines for residential PACE financing programs.

CO Wants More Precision in Economic Development Incentives
The Colorado Economic Development Commission approved a new scoring matrix for its popular Job Growth Incentive Tax Credit program, one designed to more precisely target state incentive awards.

Financing Sustainable Water Infrastructure
New financing models and pricing flexibility, which are necessary to pay for new infrastructure and to support legacy systems, provide enormous opportunity for positive transformation necessary to keep pace with the rapid changes being experienced by counties, municipalities and investor owned utilities.

Community Based Public-Private Partnerships (CBP3s)
This guide from the EPA provides communities in the Chesapeak Bay with an opportunity to review the capacity and potential to develop a P3 program to help "close the gap" between current resources and the funding that will be required to meet stormwater regulatory commitments and community stormwater management needs.

Upcoming Events
Intro Brownfields Finance WebCourse
Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: Capturing the Success of High Performing DFA's
December 13, 2016 - 1:00 pm Eastern
During the final CDFA // BNY Mellon Development Finance Webcast Series of 2016, our expert speakers will provide a look into the activities, operations, management and success stories of their high performing DFA. Don't miss this opportunity to learn from the best DFAs in the country.

This Week's Headlines

MAs: MSRB Must do More to Explain Continuing Education Requirements
The Bond Buyer | Nov. 22 | Bond Finance | Municipal Securities Rulemaking Board (MSRB)

SEC's White Points to Muni Cases as Bolder Approach to Enforcement
The Bond Buyer | Nov. 22 | Bond Finance | U.S. Securities and Exchange Commission (SEC)

Issuers Took More Time to Complete Financial Audits in 2015
The Bond Buyer | Nov. 22 | Bond Finance

Mobile, AL Settles Tax Dispute with IRS
The Bond Buyer | Nov. 22 | Bond Finance | Internal Revenue Service (IRS)

Banker's Roles with Issuer-Related Charitable Groups Raise Questions
The Bond Buyer | Nov. 22 | Bond Finance | Municipal Securities Rulemaking Board (MSRB)

Drone Maker Accepts Tax Break to Add More Than 100 Jobs in CA
Sacramento Business Journal | Nov. 22 | Incentives | Tax Credits

Over $100M in Tax Credits Provided to NE OH
ideastream | Nov. 22 | Tax Credits

OH Mayor's Alliance Pushes for Urban Focus
The Columbus Dispatch | Nov. 21 | Economic Development

FIRE Development Corp Receives $45M NMTC Allocation
Milwaukee Business Journal | Nov. 21 | Community Development | Tax Credits

CA Tax Credits Aimed at Boosting Jobs in Central Valley
Central Valley Business Journal | Nov. 21 | Economic Development | Tax Credits

LA Task Force Releases Recommendations to Reform LA Tax Policy Including Economic Incentives
The National Law Review | Nov. 18 | Economic Development | Incentives | Legislative

Aurora, IL Considers the Extension of a Local Finance Program
Chicago Tribune | Nov. 17 | Economic Development | Historic Preservation | Local Finance Program

KC Wonder Bread Building to Use Historic Tax Credits in $15M Redevelopment
The Kansas City Star | Nov. 17 | Redevelopment | Tax Credits

Trump Team Floats ‘Infrastructure Bank' Derided by Campaign
Bloomberg | Nov. 17 | Infrastructure Finance

How Green Bond Growth Could Affect Muni Disclosure
The Bond Buyer | Nov. 17 | Bond Finance | Green Finance

WV Senator Introduces Bill for $525M in Federal Tax Credits
Kentucky New Era | Nov. 17 | Federal | Legislative | Tax Credits


Job & RFP Postings

CDFA - Vice President of Operations

National Sponsor Spotlight

Kutak Rock LLP Kutak Rock LLP
Kutak Rock LLP is a national law firm of more than 500 lawyers with offices from coast to coast. The firm's primary practice concentrations are business and corporate law, public finance, litigation and real estate law, with numerous areas of...
MB Financial Bank, NA MB Financial Bank, NA
MB Financial Bank offers a full range of financial services including personal, business and commercial banking. They have proudly served Chicago for over 100 years.
McGuireWoods McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP, uses client-focused teams to serve public, private, government and nonprofit clients from virtually every area of the law.

Partner Spotlight

informANALYTICS by Center for Governmental Research informANALYTICS by Center for Governmental Research
The Center for Governmental Research (CGR) is a nonprofit organized under section 501(c)(3) of the Internal Revenue Code. CGR brings expertise to issues spanning economics and public finance, government management, health and human services and...

CDFA Bookstore

Cover thumbnail Tax Credit Finance Reference Guide
The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.

New Members

Signature Bank - New York, NY

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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • 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.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor