Development Finance Review Weekly - July 5, 2018
|
Feature |
USVI Announces $1.4B Investment to Reopen Oil Refinery
The U.S. Virgin Islands said it agreed to a $1.4 billion investment to reopen an oil refinery and estimated that the transaction would boost government revenues by more than $600 million over the next 10 years.
The New Gold Rush for Green Bonds
Green bonds are an emerging category of finance. Their purpose is to fund projects with clear, definable and measurable environmental benefits. The vast majority of them finance water-related projects, but they also are used to finance, for instance, solar and wind power or reduced methane emissions.
VT EDA Approves Business and Agriculture Loans
The Vermont Economic Development Authority (VEDA) recently approved $10.9 million in loans to help support commercial, agricultural, small business and energy projects throughout Vermont.
Fannie Mae to Use $26M in LIHTC for NY Development
Fannie Mae will invest $26 million in low-income housing tax credits to finance the first phase of construction of the largest residential development in downtown Far Rockaway, New York. Two NYC agencies are issuing tax-exempt bonds, allocation of the 4% low-income housing tax credits and low-cost loans,
Louisville, KY Breaks Ground on Soccer Stadium
Louisville City FC and Louisville Metro officials recently broke ground for the club's soccer stadium district at the Butchertown neighborhood site. The project is partially funded through a $30 million bond, which will mature to $42 million, while the state awarded the soccer club $21.7 million in tax-increment financing.
Galveston, TX RLF Supports Historic Rehabilitation
The Galveston Historical Foundation's revolving fund, a long-standing revitalization initiative targeting vacant, under-utilized and endangered historic properties, has supported the restoration of more than 40 historic residences and 35-plus commercial structures.
U.S. Senate Passes Sweeping Farm Bill
The U.S. Senate has passed its version of the $428-billion farm bill, setting up a bitter fight against the House. The vote was 86-11, an overwhelming majority that reflected a bipartisan desire to rush relief to farmers confronting low food prices, rising suicide rates and an array of other troubles.
2018 CDFA Original Research - Conduit Bond Fee Study
With the help of the Minnesota Department of Employment and Economic Development and the Florida Development Finance Corporation, this national study will evaluate trends at both the state and local levels to better understand the landscape for PABs and to inform issuers about best practices related to fee structures. Fill out the survey today!
|
Upcoming Events |
|
News from |
The latest municipal finance headlines from The Bond Buyer.
NJ Frees $284M for Gateway Rail Project
New Jersey's decision to assume the entire share of local costs for the new Portal North Bridge project is freeing up $284 million for other parts of the Gateway rail project, which proponents say is critical to the greater New York metropolitan area economy.
Santa Rosa, CA Considers $80-180M Housing Bond
Santa Rosa, California, is moving forward with plans for a housing bond that will help rebuilding efforts in the area still recovering from a 2017 wildfire. The City Council has agreed to consider a bond amount between $80 million and $180 million that would raise money for affordable housing projects in the city.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
|
This Week's Headlines |
Dixon, IL Group to Offer Microgrants to Businesses
Sauk Valley Media | Jul. 5 | Access to Capital | Revolving Loan Funds (RLFs)
$900K USDA Grant will Further Study of Food Physics and Manufacturing
Cornell Chronicle | Jul. 3 | Food Systems Finance
EDA Publishes EDAP Funding Opportunity
U.S. Economic Development Administration | Jul. 3 | Economic Development | U.S. Economic Development Administration (EDA)
Buffalo, NY Developers Seek Tax Breaks for Redevelopment
The Buffalo News | Jul. 2 | Historic Preservation | Redevelopment | Tax Credits
USDA Approves $69K Grant for 7 MI Counties
The County Press | Jul. 1 | Access to Capital | U.S. Dept. of Agriculture (USDA)
W&L University Issues Bond for New Athletic Center
Richmond Times-Dispatch | Jul. 1 | Bond Finance
Memphis, TN Launches TIF in Anticipation of Developers
The Commercial Appeal | Jun. 30 | Tax Increment Finance (TIF)
Tax Credits, Bonds, Supports Mount Vernon, NY Development
Westfair Communications | Jun. 30 | Bond Finance | Tax Credits
TN DEC Announces $1.3M in Wastewater Construction Loans
The Chattanoogan | Jun. 30 | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance
Mower, CO. MN to Decide Future of PACE
Austin Daily Herald | Jun. 29 | Property Assessed Clean Energy (PACE)
IA EDA Awards SLE Investments $3.6M in HTCs
The Gazette | Jun. 29 | Historic Preservation | Redevelopment | Tax Credits
WHEDA Wins National HUD Secretary's Award for Healthy Homes
Urban Milwaukee | Jun. 29 | Member News
|
National Sponsor Spotlight |
|
MB Financial Bank, NA
MB has a 100+ year history of building deep and lasting relationships with public and private companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their...
|
|
McCarter & English, LLP
McCarter & English, LLP is a firm of approximately 400 lawyers with offices in Boston, Hartford, Stamford, New York, Newark, East Brunswick, Philadelphia, Wilmington and Washington, DC. In continuous business for more than 170 years, they are among...
|
|
McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP, uses client-focused teams to serve public, private, government and nonprofit clients from virtually every area of the law.
|
|
Partner Spotlight |
|
The Bond Buyer
The Bond Buyer is the only independent information resource serving the municipal finance community. Every day and throughout the day, through its web site, e-newsletters and alerts, and daily print edition, The Bond Buyer reaches more than 25,000...
|
|
CDFA Bookstore |
|
DFCP Study Pack
The DFCP Complete Book Package contains all of the reference guides to study for the DFCP final exam at a 10% discount.
|
|
New Members |
Infuse Great Lakes Bay - Saginaw, MI
Northeastern Pennsylvania Alliance - Pittston, PA
City of West Allis - West Allis, WI
|
|
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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
|
|
|
Archives
Displaying 1 - 30 of 779
March 28, 2024 |
March 21, 2024 |
March 14, 2024 |
March 7, 2024 |
February 29, 2024 |
February 22, 2024 |
February 15, 2024 |
February 8, 2024 |
February 1, 2024 |
January 25, 2024 |
January 18, 2024 |
January 11, 2024 |
January 4, 2024 |
December 28, 2023 |
December 21, 2023 |
December 14, 2023 |
December 7, 2023 |
November 30, 2023 |
November 23, 2023 |
November 16, 2023 |
November 9, 2023 |
November 1, 2023 |
October 26, 2023 |
October 19, 2023 |
October 12, 2023 |
October 5, 2023 |
September 27, 2023 |
September 21, 2023 |
September 14, 2023 |
September 7, 2023 |
|