Tune in for the next free webinar in the CDFA // BNY Mellon Development Finance Webcast Series on community engagement strategies with Tax Increment Finance. Speakers will explore strategies that local governments are employing to give tax payers, schools, and businesses a path to participating in TIF deal structuring and negotiation.

Clearinghouse Community Development Financial Institution announced that it was awarded $4 million from the United States Treasury Community Development Financial Institution Fund.  Clearinghouse CDFI will use the assistance to finance the development of affordable housing, targeting projects which benefit homeless and other disenfranchised populations in California, Arizona, Nevada, New Mexico, and Texas.

The Biden administration is starting a new initiative this week to ensure that the poorest communities in the United States have access to billions in funding from the infrastructure bill to replace their crumbling wastewater, drinking water and storm water systems.

City of Wilmington America Rescue Plan Act funds (ARPA) are helping Cornerstone West CDC and its partners increase their efforts to eliminate racial disparities in borrowing which severely affect the ability of Black-owned City businesses to receive loans for business start-up or expansion.

The Grandview Crossing project was made possible in part by brownfield grants from the state of Ohio. The state recently authorized $192 million for 112 brownfield projects to help clean up contaminated properties, leading the way for future economic development. There are 1,300 apartment units, 100,000 square feet of retail, and a 140-key hotel planned.

The New Markets Tax Credits were established to provide an incentive for investment in low-income communities. The program can support solutions to some of the toughest challenges these areas are facing. By tapping into the NMTC incentive program as an economic development tool to improve areas such as employment, food accessibility and education, communities provide residents with greater access and equity.

The U.S. Department of Transportation announced that its Build America Bureau has provided a low-interest loan for $86.6 million to the Louisiana State Bond Commission. The Bureau helps communities across the country reduce the costs of infrastructure projects by providing Transportation Infrastructure Finance and Innovation Act loans, known as TIFIA loans, and other types of financing.

Secretary Russell Redding today announced the availability of $13 million in tax credits to Pennsylvania farmers for measures to improve soil and water quality. Tax credits through Pennsylvania's innovative conservation financing program, Resource Enhancement and Protection (REAP), can be combined with other state funding to help grow a sustainable farm economy.

The U.S. DOE announced the Advancing Equity Through Workforce Partnerships funding opportunity, which will award $10 million for the development of collaborative workforce programs that will facilitate the rapid deployment of solar energy technologies while supporting an inclusive workforce with opportunities for union membership.

This RFI is to understand how SETO can develop a secure online platform to identify and make community solar subscriptions with verified savings more accessible for households participating in government-run low-income support programs. The platform is initially intended only for Low-Income Home Energy Assistance Program (LIHEAP) recipients.

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