Technical Assistance


CDFA Legislative and Federal Affairs Update - May 2, 2023

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Legislative and Federal Affairs Update
May 2, 2023
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Legislative and Federal Affairs Update

Legislative Features

EPA Releases Greenhouse Gas Reduction Fund Implementation Framework
The U.S. Environmental Protection Agency (EPA) released new details about the design of the $27 billion Greenhouse Gas Reduction Fund (GGRF), a first-of-its-kind, national-scale competitive grant program created by the President's Inflation Reduction Act. This program will leverage public investment with private capital and finance clean energy projects that reduce pollution and energy costs,  increase energy security, and create good-paying jobs.

Pennsylvania Receives $6M from EPA for Climate Change Planning
The federal government is giving Pennsylvania $6 million to create priority climate action plans. The commonwealth will receive up to a $3 million Climate Pollution Reduction Grant through the program set up by the Inflation Reduction Act. The Delaware Valley Regional Planning Commission, the Lehigh Valley Planning Commission, and the Southwestern Pennsylvania Commission will each also get a grant of up to $1 million.

U.S. Department of Transportation Announces Nearly $300M for 9 Bridge Projects
The U.S. Department of Transportation's Federal Highway Administration (FHWA) announced nearly $300 million for nine small and medium-sized bridge projects in both rural and urban areas in eight states and the District of Columbia. The grants from the Bipartisan Infrastructure Law's Bridge Investment Program are an integral part of President Biden's Investing in America agenda to rebuild our infrastructure and grow our economy from the middle out and bottom up.

USDA Announces Funding for Access to Trees and Green Spaces in Urban Communities
The USDA announced $1 billion in grants to increase equitable access to trees and green spaces in urban and community forests where more than 84% of Americans live, work, and play. The funding is part of the USDA's Forest Service Urban and Community Forestry Program from the Inflation Reduction Act, which aims to help increase tree cover in urban spaces and boost equitable access to nature while bolstering resilience to extreme heat, storm-induced flooding, and other climate impacts. 

U.S. Department of Energy Announces $72M for Clean Energy Jobs
The U.S. Department of Energy (DOE) announced 5 higher education institutions to serve as Centers of Excellence for DOE's Industrial Assessment Centers (IAC) Program and will receive a combined $18.7 million in funding from the Bipartisan Infrastructure Law. DOE also announced a $54 million funding opportunity to expand the IAC Program to community colleges, trade schools, and union training programs, and create new Building Training and Assessment Centers at higher ed institutions.

U.S. Department of Transportation Awards $21M Through New Thriving Communities Program
The Thriving Communities Program funds tailored technical assistance to under-resourced and disadvantaged communities, helping them better access historic infrastructure investments and deliver transformative projects. The U.S. Department of Transportation announced funding through the Thriving Communities program to help 64 communities across the country have a fair shot to access historic funding opportunities provided by the Bipartisan Infrastructure Law.

USDA's $9.7B for Rural Co-Ops Could Leverage 20 Gigawatts of Clean Energy
The U.S. Department of Agriculture's (USDA) Rural Utilities Service will issue by mid-year a notice of funding opportunity for $9.7 billion in financial support for rural electric cooperatives. The program, funded by the Inflation Reduction Act, will make loans and grants to help rural electric co-ops purchase renewable energy, renewable energy systems, and other clean energy systems.

U.S. Department of the Interior Announces $20M for Drought Resilience
The Department of the Interior announced $20 million for four small surface and groundwater storage projects in California and Utah. These projects, funded through the Bipartisan Infrastructure Law, are essential tools to help conserve water and increase the efficiency of water use in the Colorado River Basin.

IRS Proposes Regulations for Energy Community Bonus Tax Credit
The U.S. Treasury Department and Internal Revenue Service (IRS) released guidance that provides detailed information about the bonus under the Inflation Reduction Act for clean energy projects and facilities located in communities that have driven and historically been at the forefront of energy production. Developers can receive a bonus of up to 10 percentage points on top of the Investment Tax Credit (ITC) and an increase of 10 percent for the Production Tax Credit (PTC).

Upcoming Events
Advanced Revolving Loan Fund Course

CDFA Tribal Finance Webinar Series: Promoting Access to Capital for Tribal Small Businesses
May 9, 2023 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Tribal Financing Webinar Series, development finance experts will highlight a variety of finance programs that are helping to increase access to capital for new and existing small business owners.

2023 Equitable Lending Learning Series: Evaluating Risk
May 23, 2023 - 1:00 PM - 4:00 PM Eastern
During this event in the Equitable Lending Learning Series, speakers will provide an overview of the history of risk assessment in lending, discuss technical strategies and best practices for conducting more equitable evaluation of borrowers while maintaining sustainability, and share examples of how these approaches can be put into action.

Federal Features

HUD Awards $15M to Help Low-Income Seniors Age in Place
The U.S. Department of Housing and Urban Development (HUD) awarded almost $15 million to 13 nonprofit organizations, in addition to state governments, to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in place.

New York Creamery Receives $20M to Promote Regenerative Grass-Fed Organic Dairy Markets
 Maple Hill Creamery, America's original 100% grass-fed organic dairy company, announced finalization of the award of $20 million in funding from the U.S. Department of Agriculture (USDA) to grow markets for sustainable, regenerative, grass-fed organic dairy farming. The funding is part of the USDA's Partnerships for Climate-Smart Commodities program, supporting pilot projects that will help build and expand opportunities for consumers to purchase food grown in a climate-friendly way.

USDA Invests Over $46M in Sustainable Agriculture Research and Education
The U.S. Department of Agriculture (USDA) announced an investment of more than $46 million in the Sustainable Agriculture Research and Education (SARE) program, which has funded farmer-driven grants and grassroots education programs resulting in climate-smart solutions for farms and ranches in every state and island protectorate since 1988.

USDA Funding Available for Meat and Poultry Processing for Underserved Producers and Tribal Communities
The U.S. Department of Agriculture (USDA) announced the availability of up to $125 million through two new programs, the Indigenous Animals Harvesting and Meat Processing Grant Program and the Local Meat Capacity Grant Program, that will create more options for meat and poultry farmers by investing in independent, local meat and poultry processing projects that increase competition and enhance the resiliency of the food supply chain.

HUD Announces $486M in Grants to Address Unsheltered and Rural Homelessness
The U.S. Department of Housing and Urban Development (HUD) is announcing the second set of communities to receive grants and housing vouchers to address homelessness in unsheltered settings and rural communities. This announcement includes $171.2 million in grants for 115 new projects in 29 Continuum of Care (CoC) communities and adds to the first set of grant awards announced in February. This will bring the total value of grants to $486 million to 62 CoC communities.

U.S. Department of Labor Announces $44M in Grants for Rural Communities
To help workers access new, high-quality career opportunities in rural communities, the U.S. Department of Labor announced the availability of $44.2 million in funding for Workforce Opportunity for Rural Communities initiative demonstration grants.

U.S. Treasury Awards More Than $1.73B to Alleviate Impact of Pandemic
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73B in grants to 603 Community Development Financial Institutions (CDFIs) across the country through the CDFI Equitable Recovery Program (CDFI ERP).

U.S. Treasury Announces Over $1.7B to Improve Capital Access for Underserved Communities
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions (CDFIs) across the country through the CDFI Equitable Recovery Program (ERP). These funds will strengthen the ability of CDFIs to help low- and moderate-income communities recover from the COVID-19 pandemic and invest in long-term prosperity.

USDA Announces Climate-Smart Agriculture, Soil Health, and Nutrient Management Awards
The U.S. Department of Agriculture (USDA) is investing $40 million for 31 new projects through its Conservation Innovation Grants (CIG) program. Additionally, USDA is announcing a $19 million investment in two projects focused on nutrient management funded through the Regional Conservation Partnership Program (RCPP), and two new formal partnerships to further nutrient management implementation.

CFRA's New Loan Program Helps Small to Medium-Sized Meat Processors in Nebraska
Nebraska's Center for Rural Affairs (CFRA) has added a Meat and Poultry Processing Loan program to its current loan offerings through the U.S. Department of Agriculture Rural Development Meat and Poultry Intermediary Lending Program. Independent meat processors have access to $15 million in loan capital through the program's loan fund, which can be used for expansion of existing processors, start-up of new processors, real estate and equipment, facilities updates, and working capital.

President Biden Promises Lifeline to Coal Communities
The Biden administration is betting on a coal country renaissance that's driven by renewable energy investments. Senior administration officials announced new policies that aim to ensure that rural regions hit by mine closures and shuttered power plants can get an economic boost from new federal cash for energy and infrastructure funding.

Federal Financing Clearinghouse Spotlight

CDFA's Federal Financing Clearinghouse is the only online resource cataloging the development finance programs offered by the federal government. Check out our featured agencies and programs below. >>> Learn More

Agency Seal Appalachian Regional Commission (ARC)

Area Development Program
ARC's Area Development program relies on a flexible "bottom up" approach to economic development, empowering Appalachian communities to work with their state governments to design impactful...

Agency Seal Delta Regional Authority (DRA)

Community Infrastructure Fund (CIF)
The DRA created the Community Infrastructure Fund (CIF) to target physical infrastructure projects that help build safer, more resilient communities in the Delta region.

Agency Seal Denali Commission

Energy & Bulk Fuel Program
Recognizing the critical role energy plays in the quality of life and economic development of Alaska's rural communities, the Denali Commission has made energy and bulk fuel its primary...

Agency Seal Export-Import Bank of the United States (EXIM Bank)

Working Capital Loan Guarantee Program
Working Capital Loan Guarantees can empower exporters to unlock cash flow and take on new business abroad. Exporters can borrow more with the same collateral, secure performance, bid bonds needed to...

Legislative and Federal Headlines

Illinois to Receive $15M in Home Improvement Grants
Central Illinois Proud | Apr. 25 | Community Development | Housing Finance | Legislative | Case Studies

Over $3M in Grants Coming to Indiana to Improve Roads and Bridges
WOWO | Apr. 19 | Access to Capital | Infrastructure Finance | Legislative | Resiliency | State Finance Program

Energy Officials, Industry Partners Eye $7B for Hydrogen Infrastructure
Hawai'i Public Radio | Apr. 18 | Access to Capital | Energy Finance | Federal | Green Finance | Infrastructure Finance

Advocates Eye Farm Bill to Avert Drop in Affordable Rural Housing
The Spokesman-Review | Apr. 16 | Agriculture Finance | Bond Finance | Economic Development | Federal | Housing Finance | Rural Development

'Green Bank' Legislation Aims to Speed Climate-Friendly Projects in Minnesota
Star Tribune | Apr. 15 | Community Development | Energy Finance | Green Finance | Legislative | State Green Finance Programs

Rural Pennsylvania to Benefit from $200M Infusion from Feds for Broadband
Pennsylvania Capital Star | Apr. 12 | Community Development | Economic Development | Infrastructure Finance | Legislative | Rural Development

Grants Available for Homes, Businesses, Farms Damaged by New York Blizzard
Yahoo News | Apr. 12 | Disaster Recovery & Relief | Federal | Resiliency | U.S. Dept. of Agriculture (USDA) | U.S. Small Business Administration (SBA)

USDA, SBA, and FDIC Partner to Foster Economic Growth in Southern States
USDA | Apr. 7 | Access to Capital | Agriculture Finance | Economic Development | Federal | Food Systems Finance | U.S. Dept. of Agriculture (USDA) | U.S. Small Business Administration (SBA)

USDA Providing $34M to Strengthen Wood Products Economy and Forest Sector Jobs
USDA | Apr. 6 | Access to Capital | Agriculture Finance | Federal | Legislative | Rural Development | U.S. Dept. of Agriculture (USDA)

Congresswoman Tenney Introduces Tax Credit Bill to Assist Rural Developers
The Batavian | Apr. 6 | Community Development | Economic Development | Legislative | Rural Development | Tax Credits

EPA Announces $4M for Washington State to Tackle Climate Pollution
U.S. EPA | Apr. 6 | Energy Finance | Federal | Green Finance | U.S. Environmental Protection Agency (EPA)

EPA Highlights Bipartisan Infrastructure Law Funding for Cleanup of Contamination in Illinois
U.S. EPA | Apr. 6 | Brownfield Financing | Economic Development | Federal | U.S. Environmental Protection Agency (EPA)

USDA Announces $7.6M in Funding to Promote Food Security in Alaska, Hawaii, and U.S. Territories
USDA | Apr. 5 | Access to Capital | Agriculture Finance | Federal | U.S. Dept. of Agriculture (USDA)

Central Massachusetts Small Businesses Eligible for $78M from New Grant Programs
WB Journal | Apr. 4 | Access to Capital | Economic Development | Legislative

New Additions to the Online Resource Database

Overview: Farm Bill Programs & Grants
Access to Capital | Agriculture Finance | Economic Development | Federal | Food Systems Finance
The overview provides a quick guide to federal farm and food-related programs and grants, organized by issue and by who is eligible to apply or sign up.

Bipartisan Infrastructure Law State Fact Sheets
Brownfield Financing | Energy Finance | Federal | Infrastructure Finance | State Finance Program | Water Finance
State-by-state fact sheets provide more detailed information about announced funding and projects in each state, along with anticipated funding by category over the next few years.

Bipartisan Infrastructure Law Technical Assistance Guide
Brownfield Financing | Economic Development | Federal | Rural Development | Water Finance
This guide provides a list of over 65 technical assistance resources and programs across the federal government to help communities deliver infrastructure projects. The guide is organized by types of infrastructure investments - such as transportation, clean energy and power, high-speed internet, water, resilience, and environmental remediation.

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 visit CDFA.net or email info@cdfa.net

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300


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