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CDFA New York/New Jersey Financing Roundtable Newsletter - July 2014

CDFA New York/New Jersey Financing Roundtable Newsletter - July 2014
July 9, 2014
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

State to EPA: Tappan Zee Bridge Loan is Legal, Appropriate
The Journal News reports on the status of the Tappan Zee Bridge funding proposal, which would fund river protection measures with a $500M loan from the state's Clean Water RLF.

CDFA Awarded EPA Brownfields Training, Research, and Technical Assistance Grant
The U.S. Environmental Protection Agency (EPA) has awarded CDFA with a $997,572 Brownfields Training, Research, and Technical Assistance Grant. CDFA is one of only four organizations in the nation to receive funding through this opportunity. CDFA's cutting edge program will leverage the Council's vast network to build public-private financing partnerships for brownfield projects and programs nationwide.

Kutak Rock Public Finance Client Alert - SEC MCDC Initiative
Kutak Rock LLP provides information on the SEC MCDC Initiative including when and what must be self-reported, who can self-report, and considerations for issuers and underwriters.

Tax Incentives Key to JPMorgan's Jersey City Expansion
The Record provides background on the decision by JPMorgan Chase Bank to remain and expand in New Jersey. The company recently worked with NJEDA to secure $224M in tax credits over the next 10 years.

NY, FL Offer $275M in PACE Financing; Residential Bounces Back
Greentech Media presents this article on the recent swell of PACE loans and how its track record makes securitization more of a possibility.

Upcoming Events

2014 CDFA New York/New Jersey Financing Roundtable Conference
September 16 - New York, NY
Join CDFA for the New York/New Jersey Financing Roundtable Conference on September 16, 2014 as we focus on "Reinvestment, Redevelopment and Revitalization in New York and New Jersey." This one-day event will feature a number of economic development finance experts and leaders from both states as they discuss the development finance tools and resources that foster proactive investment in the region's assets and accelerate economic growth.

New York/New Jersey News

Vice Media Expands in Brooklyn with $6.5M in NY Tax Credits
New York Business Journal | Jul. 8 | Tax Credits | Economic Development | State Finance Program

$200M for 3 Buffalo Billion Projects Approved by ESD
Buffalo News | Jul. 8 | Energy Finance | Innovation Finance | State Finance Program

Nassau County, United Water Reach P3 Deal
NCPPP | Jul. 7 | Public-Private Partnership (P3) Financing | Infrastructure Finance

Tuckerton, NJ Bonds $4M for Water and Sewer Projects
The SandPaper | Jul. 7 | Infrastructure Finance | State Finance Program | Bond Finance

Flemington Council Seeks Way to Measure BID's Successes
Hunterdon County Democrat | Jul. 2 | Community Development | Local Finance Program | Tax Increment Finance (TIF)

Albany Med. Center Seeks Tax-Exempt Bond for $21.7M Upgrade
Albany Business Review | Jun. 30 | Access to Capital | Bond Finance | Infrastructure Finance

County Backs $13M in Tax-Exempt Bonds for Manufacturer
The Daily News | Jun. 30 | Access to Capital | Bond Finance | Economic Development

EPA, NY Clash over Plan to 'Siphon' Clean Water Funds for Bridge
Environment & Energy Publishing | Jun. 30 | Access to Capital | Green Finance | Infrastructure Finance | State Finance Program

DRPA Still Has Committed Money for Development
Philly.org | Jun. 30 | Economic Development | Infrastructure Finance | Local Finance Program | Redevelopment

Mayor's Office Approves 161st BID's Budget Increase
News 12 Bronx | Jun. 27 | Economic Development | Local Finance Program | Tax Increment Finance (TIF)

New Brunswick Transit Village Initiative Aims to Add Jobs
Wall Street Journal | Jun. 20 | Economic Development | Member News | Redevelopment | Urban Development

Cuomo: Tappan Zee Taps $500M from Water Quality Loan Fund
Times Union | Jun. 18 | Infrastructure Finance | State Finance Program

NY State Deal to Allow Sale of River Agency's Low-Cost Power
Watertown Daily Times | Jun. 18 | Economic Development | Energy Finance | State Finance Program

Tupper Lake Funds Shared Hot Water System
Adirondack Daily Enterprise | Jun. 17 | Infrastructure Finance | Rural Development | State Finance Program

Manufacturer Receives U.S. Dept. of Energy and NYSERDA Funding
OledWorks | Jun. 17 | Economic Development | Energy Finance | Green Finance | U.S. Dept. of Energy (DOE)

NJEDA Tax Credits Boost $17M Camden Residential Development
Philadelphia Business Journal | Jun. 16 | Community Development | Member News | Tax Credits

Fitch Rates Port Authority Consolidated Bonds 'AA-'
MarketWatch | Jun. 16 | Bond Finance | Member News


New Additions to the Online Resource Database

Expanding New Jersey Supermarkets
Community Development | Food Systems Finance
This report from The Food Trust highlights the need for increasing access to healthy, affordable foods in low-income areas of New Jersey, and provides a series of recommendations including additional loan capital and other publicly-funded incentives.

NYSERDA Innovation and Business Development Program
Access to Capital | Energy Finance | Innovation Finance | State Finance Program
This brochure provides an overview to the Innovation and Business Development Program from the New York State Energy Research and Development Authority, including various offerings and investor opportunities.

Local Initiatives to Redevelop Brownfields
Access to Capital | Brownfield Financing | Local Finance Program | Redevelopment | Revolving Loan Funds (RLFs) | Tax Increment Finance (TIF)
The Northeast Midwest Institute surveys innovative local initiatives to help revitalize brownfields. This presentation provides case studies from across the country and an array of financing strategies.


Sponsors

Venue Sponsor

BNY Mellon

Annual Roundtable Sponsor

Hawkins Delafield & Wood LLP New Jersey Economic Development Authority Squire Patton Boggs Stern Brothers & Co. United Fund Advisors

Conference Premium Sponsor

HR&A Advisors Windels Marx Lane & Mittendorf, LLP

Conference Supporting Sponsor

Think Forward Financial, LLC

For information about sponsoring the CDFA New York/New Jersey Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

New Members

Americans For Community Development LLC - Granite Springs, NY

Fiorello H. LaGuardia Foundation - 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
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
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