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Development Finance Review Weekly - February 26, 2026

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Development Finance Review Weekly
February 26, 2026
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CDFA Development Finance Review Weekly

Features

2026 CDFA Federal Policy Conference: April 7-8, 2026
The 2026 CDFA Federal Policy Conference will bring together Congressional leaders, federal agencies, state policy teams, investors, and development finance practitioners for a two-day exploration of the federal policy landscape shaping development finance in the coming year. Hotel rooms are available at the conference hotel for a discounted rate in CDFA's Room Block. We anticipate the block to close on or before March 16, so book your room and register today!

Now Accepting Applications for the 2026 Caren S. Franzini Fellowship!
The Caren S. Franzini Fellowship was established to cultivate and celebrate exceptional women in development finance, recognizing their leadership and commitment to advancing the industry. Administered by the CDFA Foundation, this six-month fellowship is open to women employed by a CDFA member organization with less than 10 years of experience in the field. Apply by Friday, March 13, at 5:00 PM Eastern!

Announcing the Lending Improvement & Financial Transformation (LIFT) Program: LIFT Your RLF
The Lending Improvement & Financial Transformation (LIFT) Program, led by ArkP3 in collaboration with CDFA, provides tailored consulting and Advisory Services to help Development Finance Agencies (DFAs) modernize, reactivate, and grow their Revolving Loan Funds (RLFs).

CDFA Recognizes Alexander Previts, DFCP
CDFA is pleased to announce Alexander Previts, Development Finance Manager at Project Management Consultants LLC, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Mr. Previts joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.

Opportunity Zones: How Census Tract Changes Affect Eligibility and Planning
For many Opportunity Zone (OZ) investors and Qualified Opportunity Fund (QOF) managers, the next few years won't just be about tax benefits — they'll be about timing, documentation, and defensible decisions. Beginning January 1, 2027, newly designated OZ 2.0 tracts will come online while the original OZ 1.0 tracts continue through the end of 2028, creating a temporary period in which both sets of zones coexist. With no federal guidance yet on the interaction between OZ 1.0 and OZ 2.0, investors, developers, and operating businesses need to document their assumptions, model different outcomes, and get ready for possible shifts in policy.

Sustainable Finance Market to Hit $27T by 2031 Says a 2026 Mordor Intelligence Report
According to Mordor Intelligence's latest report, the sustainable finance market size is expanding from USD 13.4 trillion in 2025 to USD 15.06 trillion in 2026, and is projected to approach USD 26.93 trillion by 2031, growing at a CAGR of 12.34%. ESG considerations are now firmly embedded in banking and investment decisions, driven by climate stress testing by central banks and stricter disclosure requirements. Despite this momentum, long-term growth will depend on consistent regulatory frameworks, favorable interest-rate conditions, and continued policy support for ESG-aligned finance.

New York Kicks Off $150M Workforce Housing Development Fund
The State of New York has launched the Housing Central New York Fund, a $150 million public-private investment vehicle to kick start the construction of 2,500 workforce housing units throughout Central New York across its initial seven-year term. The fund follows Micron's $100 billion investment plan in Clay, NY., where it aims to develop four fabs over the next two decades. This could generate demand for 30,000 housing units, according to an HR&A study commissioned by the Empire State Development. ESD seeded the revolving loan fund with $30 million, while the remainder $120 million was pledged by other partners.

SageSure and SURE Close Biggest Gateway Reissuance to Date with $670M Catastrophe Bond
Jersey City-based SageSure and SureChoice Underwriters Reciprocal Exchange (SURE) announced the successful close of the Gateway Re Ltd. Series 2026-1 catastrophe bond at an original principal amount of $670 million, the franchise's largest issuance to date. All five tranches priced within initial guidance, signaling strong investor trust in the Gateway Re series. With the close of this transaction, SageSure-supported franchises have $3.1 billion in outstanding notional limit, solidifying its place as the third-largest catastrophe bond sponsor in the world.

Upcoming Events
2026 CDFA Federal Policy Conference
Upcoming Webcasts

SSBCI Coalition Meeting - Virtual
February 27, 2026 - 1:00 PM - 2:00 PM Eastern
CDFA's SSBCI Coalition brings together practitioners nationwide for monthly updates, best practices, and collaborative problem-solving—ensuring members stay ahead of the SSBCI 2.0 deadlines and evolving program requirements.

CDFA Franzini Fellowship Capstone Webinar: Lessons from Corridor Revitalization Projects
March 10, 2026 - 1:30 PM - 3:00 PM Eastern
Join the Class of 2025 Franzini Fellows as they explore how blended capital models can be leveraged to revitalize under-resourced commercial corridors in ways that are equitable, resilient, and replicable. Drawing from their fellowship capstone research project, this webinar will examine financing structures that successfully attract long-term investment while delivering measurable community benefits by creatively layering public, private, and philanthropic capital.

CDFA Opportunity Zones Learning Series: What's New, What Matters, and How Public-Private Partnerships Drive Investment
March 12, 2026 - 1:00 PM - 2:30 PM Eastern
This session will highlight tools to identify Qualified Opportunity Zone Census Tracts, discuss how some States are leading their tract selection process, and help attendees create public-private partnerships to secure Opportunity Zone investments.

Job & RFP Postings

Maryland DHCD - Program Manager Senior II, Director of Strategic Business Initiatives
The Director of Strategic Initiatives manages and grows two important business development programs for the State: The Opportunity Zone program and the NourishMD Grant Program. Governor Moore has delegated to DHCD to designate the next round of Opportunity Zones in Maryland by September 29, 2026. This requires data analysis, stakeholder engagement and consultations, and business development strategy-making around each zone. After zones are designated, this position will be responsible for driving investments into the targeted areas, forming partnerships to further that goal, and finding creative ways for the State to assist in identifying opportunities for investment. The NourishMD Grant Program provides grants to for-profit and nonprofit retailers to further fresh and healthy food access in communities in food deserts. The inaugural round of funding initiated in January of 2026 with up to $3.8 million in funding available. This position provides an opportunity to take a hands-on approach to place-based economic development in communities across Maryland that have a high degree of need based on income levels, poverty rates, or food access.

Full-Service Grocery Store Charles Page Neighborhood Request for Proposals
The purpose of this RFP is to identify an operator to run a community-centered grocery store in the Charles Page neighborhood. This store will play a vital role in restoring food access to a loyal and underserved community that currently has no other grocery options. The store is also positioned to attract customers from surrounding areas including those north of Highway 412 who are already visiting the neighborhood's community center and other local amenities. Shifting demographics show downtown Tulsa, OK, shifting west and Sand Springs shifting east growing the population of Charles Page to an up-and-coming area. The proposed grocery site is located at 19 S 49th W Ave, Tulsa, OK 74127. The deadline for Intent to Apply is Friday, March 13, 2026 with the full Application due on Friday, March 27, 2026.

Maryland DHCD - State Systems Improvement Advisor
Under the supervision of the Senior Policy Officer, this position will work closely with local and regional homeless response systems (Continuums of Care) across the State of Maryland to advance their efforts to report and achieve measurable reductions in homelessness, through data-driven and rapid results strategies. The State Systems Improvement Advisor (SSIA) will coach and train Maryland Continuums of Care to improve their data collection, services, and housing prioritization systems. This position will facilitate related peer learning opportunities across all 10 Maryland CoCs and collaborate with federal, state, and local agencies funding homeless services and housing. In this capacity, this position provides reports, updates, presentations, and recommendations to the Senior Policy Officer, and leadership team of the Division of Homeless Solutions.

This Week's Headlines

How Native CDFIs Grew from Federal Study into a Sovereign Finance Movement
Difference Makers | Feb. 26 | Access to Capital | Tribal Finance | U.S. Dept. of Treasury CDFI Fund

House Appropriations Committee Releases FY27 Guidance
U.S. House Appropriations Committee | Feb. 25 | Community Development | Federal | Legislative

Applications Open for Minnesota's Farm to Food Security Grant Program
Minnesota Department of Agriculture | Feb. 24 | Agriculture Finance | Food Systems Finance | Job Postings & RFPs

Cost Segregation for OZ Investors: Offset the 2026 Tax Bill with Bonus Depreciation
OZPros | Feb. 24 | Education | Federal | Opportunity Zones

Acore Capital Closes $1.1B Bond Deal
CoStar | Feb. 23 | Bond Finance

Capital Chooses Stability & U.S. Infrastructure, The Municipal Market Story of 2026 So Far
AdvisorHub | Feb. 23 | Bond Finance

City of Findlay, OH, Seeking Interest From Residential Developers For Housing Program
WFIN | Feb. 23 | Housing Finance | Revolving Loan Funds (RLFs)

Cleared for Landing: Airports are the Latest Unexpected Issuers of Sustainable Bonds
Net Zero Investor | Feb. 23 | Bond Finance

Climate Transition Bonds: What Leaders Need to Know
BusinessChief | Feb. 23 | Bond Finance

Conway Co. QC to Consider Final Approval for Hospital Bond Sale
KVOM | Feb. 23 | Bond Finance | Healthcare

DED to Open Applications on March 2nd Through the Federal Opportunity Zones Program
Chadrad Communications | Feb. 23 | Opportunity Zones

Dover Residents Hear Financing Options for Water Project Proposal
Brattleboro Reformer | Feb. 23 | Bond Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA) | Water Finance

Federal Transit Administration Invests Nearly $390M to Revitalize America's Aging Transit Bus Infrastructure
U.S. Department of Transportation | Feb. 23 | Federal | Infrastructure Finance | U.S. Dept. of Transportation (DOT)

Global Parametrics Highlights How Parametric Products & Cat Bonds Can Scale Humanitarian Risk Financing
Artemis | Feb. 23 | Bond Finance

Loan will Help Springfield Utility Board Build McKenzie River Water Project
Lookout | Feb. 23 | Revolving Loan Funds (RLFs) | Water Finance

National League of Cities Event - Expanding Workforce Opportunities for All Learning Lab
National League of Cities | Feb. 23 | Education | Organizational Management | Job Postings & RFPs

OZ NewsHour For February 2026
OpportunityZones.com | Feb. 23 | Opportunity Zones

Redwood's Community Housing Bond Campaign Gets Major Boost
Barrie360 | Feb. 23 | Bond Finance | Housing Finance

Standard Chartered: Stablecoins Could End US 30-Year Bond Issuance
Yahoo Finance! | Feb. 23 | Bond Finance

Turning Contaminated Sites into Community Assets: Bay City and EGLE Celebrate 30 Years of Brownfield Rdevelopment
Michigan.gov | Feb. 23 | Brownfield Financing | Revolving Loan Funds (RLFs)

Springfield Gets Funds to Support Additional Drinking Water Source
KLCC | Feb. 22 | Revolving Loan Funds (RLFs) | Water Finance

Arctaris Impact Investors Recapitalizes $19.5M In Multifamily Opportunity Zone Investment Property in Colorado Springs
Morning Star | Feb. 20 | Housing Finance | Member News | Opportunity Zones

City of Millen to Receive $2M from Georgia's Drinking Water State Revolving Fund
The Georgia Virtue | Feb. 20 | Infrastructure Finance | Revolving Loan Funds (RLFs)

Designating Ohio's Next Opportunity Zones: Lessons from the Opportunity Zones 1.0
JD Supra | Feb. 20 | Opportunity Zones

Rural Opportunity Zone Strategy and Incentive Stacking
Opportunityzones.com | Feb. 20 | Education | Opportunity Zones | Rural Development

Senate Housing Bill Could Get a Floor Vote After Shutdown
POLITICO | Feb. 20 | Federal | Housing Finance | Legislative

State Politics Affecting Trump's Push to Limit AI Regulation
GovTech | Feb. 20 | Education | Federal | Legislative

Supreme Court Strikes Down Trump's Tariffs
POLITICO | Feb. 20 | Education | Federal | Legislative

Trump Envisions "Maritime Golden Age" through Investments, Fees, and Deregulation
ENO | Feb. 20 | Federal | Opportunity Zones

USDA Rural Development Announces OneRD Portfolio has Surpassed $12B in Active Guaranteed Loans
USDA - Rural Development | Feb. 19 | Opportunity Zones | Property Assessed Clean Energy (PACE) | Rural Development | U.S. Dept. of Agriculture (USDA)


CDFA President's Club Spotlight

Hawes Hill and Associates LLP Hawes Hill and Associates LLP
Hawes Hill & Associates (HHA) concentrates on economic and community development and public financing consulting using special purpose districts, real estate incentives, and other public financing tools. Throughout its nearly 30-year history, HHA...
Hawkins Delafield & Wood LLP Hawkins Delafield & Wood LLP
Hawkins Delafield & Wood LLP is the only national law firm in the United States whose practice is devoted primarily to public finance and public projects. Each of their specialty areas supports and complements our municipal transactions practice....
Ice Miller LLP Ice Miller LLP
Ice Miller is nationally recognized for its public-private partnerships (P3s), municipal bond, and economic development experience. Built on a foundation of legal service more than a century-long, the firm is committed to helping our clients stay...

CDFA Bookstore

Cover thumbnail Practitioner's Guide to Economic Development Finance 3rd Edition
The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

New Members

Indiana Economic Development Corporation - Indianapolis, IN

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
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

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CDFA President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
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  • KeyBanc Capital Markets
  • Kutak Rock LLP
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  • MuniCap, Inc.
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  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member