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Food and Agriculture Finance Update - May 8, 2018

CDFA Food and Agriculture Finance Update
May 8, 2018
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CDFA Food & Agriculture Finance Update


Development To Bring 30-Plus Food Vendors to Worcester with TIF
Work is now under way in Massachusetts on the Kelley Square Market, which will use TIF to transform a rough dirt lot on Harding Street into a hub of housing and food vendors.

USDA Seeking Applications for RCDI Program
The Rural Housing Service (Agency), an agency within the USDA Rural Development mission area, has announced the acceptance of applications under the Rural Community Development Initiative (RCDI) program. Applicants must provide matching funds in an amount at least equal to the Federal grant.

NIFA Announces New Funding for Sustainable Agricultural Systems
The U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) today announced the availability of up to $80 million in funding for integrated projects to increase sustainable production of food and agricultural products.

Small Business Development & Impact Investing White Paper
CDFA's new Small Business Development & Impact Investing White Paper documents the potential of a collaboration between Impact Investors and high performing Development Finance Agencies (DFAs) to fill the capital gaps facing small businesses and to accelerate DFAs as a major source of capital to enable small businesses to grow, create jobs and spur economic and community development.

Lexington, KY's Local Food Coordinator Key for Economic Development
In 2017, the Lexington-Fayette Urban County Government started a CSA pilot program for LFUCG employees and the impact to date has been at least $850,000 in sales for Kentucky farmers.

NMTC Used to Finance Grocery Store in Northeast Philadelphia, PA
Reinvestment Fund financed the construction of the Shoppes at Wissinoming, an 110,000 square foot new grocery store-anchored shopping center in northeast Philadelphia. Reinvestment Fund financing is part of a leverage loan for a $14.5 million New Markets Tax Credit transaction. 

Madison, WI Food Policy Council Approves $50K in SEED Funding for 11 New Projects
The Madison Food Policy Council accepted a report analyzing the Madison Healthy Retail Access Program and approved $50,000 in State Economic Engagement Development Grants, allowing for 11 new projects to receive funding in 2018.

Upcoming Events
Intro EB-5 Finance WebCourse

CDFA Federal Financing Webinar Series: U.S. Department of Agriculture (USDA)
June 14, 2018 - 2:00 PM Eastern
In this webinar, experts on USDA financing programs will be on hand to discuss the myriad rural development finance programs offered by the USDA, as well as how rural communities can effectively access and deploy USDA grants and loans. The focus of the webinar will be on the Community Facilities (CF) Program, the Rural Energy for America Partnership (REAP), and Rural Business Development Programs.

Food & Agriculture Finance News

WY Organization Receives $400K from USDA
Wyoming Public Media | May. 8 | Agriculture Finance | Food Systems Finance | U.S. Dept. of Agriculture (USDA)

City of Geneva, NY, Allocates $20K to Food Justice
Finger Lakes Times | May. 8 | Food Systems Finance | Agriculture Finance

Draft 2018 Farm Bill Bad for Food Systems
Sierra Club | May. 7 | Agriculture Finance | Food Systems Finance | Legislative | Food Systems Finance\Understanding Food Systems Finance

USDA Seeking Applications for Community Facilities Program
U.S. Department of Agriculture | May. 3 | Rural Development | U.S. Dept. of Agriculture (USDA)

Incentives Watch: Farm-to-Food Bank Credits
Bloomberg BNA | Apr. 26 | Food Systems Finance | Incentives

The United States' Food Hall Appetite is Growing
Commercial Observer | Apr. 10 | Food Systems Finance

The Council of Development Finance Agencies (CDFA) 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 www.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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CDFA National Sponsors

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