Yesterday the Senate voted to move its tax bill to the floor for debate, setting up a potential final vote on the bill as soon as later today or Friday. To be clear, passage of the tax bill in the Senate does not mean that the bill will become law. There remain significant differences between the Senate bill and the House bill, and should the Senate pass its bill it will likely go to a conference committee for consideratiton by both House and Senate leadership. CDFA urges everyone to continue to call their senators and representatives, and reiterate the importance of private activity bonds.

Twenty one House Republicans have sent a letter to the House and Senate GOP leaders urging them to preserve private activity bonds and advance refundings. The letter was initiated by Hultrgen at the urging of the Municipal Bonds for America coalition and CDFA.

Private activity bonds, often issued as a critical 'front end' incentive for special district projects, remain on the chopping block as the tax reform process progresses.

Infosys, an Indian IT giant, agreed to open a 500-person center in Providence, in return for about $10 million in incentives, including $8.5 million from the state's "Qualified Jobs" program.

The U.S. Environmental Protection Agency has again granted millions of dollars to Iowa's revolving loan funds geared toward water quality efforts.

Denver is launching a $3.9 billion capital improvement program for its airport by issuing nearly $200 million of debt .The five-year capital project will include $1.8 billion of gate additions on all concourses and $1.1 billion of improvements to the security and concession areas within its main Jeppesen Terminal.

The Wisconsin Health and Educational Facilities Authority is issuing $273 million in revenue bonds on behalf of Children's Hospital of Wisconsin, Inc. to pay the cost of acquisition, construction, renovation, and equipping of health system facilities, including construction of an addition to its existing hospital facility.

The city purchased the property about a year ago for $309,000. Cleaning up the former oil station site will cost about $500,000 to $550,000. The assessed value of the building stands at about $1.9 million. The city will recoup about $890,000 during the 25-year life of the tax-increment financing district.

The Villa Del Mar low income housing development uses LIHTC to develop 3,000 affordable housing units. Along with LIHTC, the Bank of Guam has decided for the first time to fund a LIHTC project.

The Massachusetts Development Finance Agency intends to come to market next week with a roughly $240 million financing for the NewBridge on the Charles project. Proceeds will refund outstanding debt and pay issuance costs. 

Lawmakers in the House and Senate may use a series of managers' amendments from Senate Finance Committee chairman Orrin Hatch to negotiate changes to the tax bill that will ensure its passage by that chamber and then approval by the House.

La Verne city leaders have spent the past 18 months coming up with a plan to redevelop 100 acres into a mixed-use development involving housing, infrastructure and a parking structure for a train station on the Foothill Gold Line, a light rail extension into the San Gabriel Valley, That plan uses the Enhanced Infrastructure Financing District legislation that was adopted in 2014, and further refined in 2015.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss the basics of crowdfunding, provide legislative updates, and even provide examples of successful programs from around the nation.

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