Development Finance Review Weekly - June 22, 2017

Development Finance Review Weekly
June 22, 2017

Feature

Join CDFA this August in Minneapolis for Summer School, pick and choose your courses from a week-long series of training featuring the Fundamentals, Intro RLF, Intro Energy & Water, Intro Bond, and Intro Brownfields Finance Course. Register today to secure your place. Early bird rates end July 14.

Will It Soon Be Game over for Tax-Exempt Financing of Professional Sports Stadiums?

Public financing, including tax-exempt bond financing, of facilities used by professional sport teams has long been a controversial topic, with advocates and opponents disagreeing over whether the public benefits sufficiently to justify public subsidies.

NMTC Coalition Releases 2017 Progress Report

The New Markets Tax Credit Coalition has released its 2017 New Markets Tax Credit Progress Report, providing a survey of NMTC activities in 2016. The report documents the flexibility and impact of the NMTC in meeting the needs of the distressed communities where it is deployed.

IIUSA Committee Seeking Information on USCIS Site Visits

The IIUSA Best Practices Committee is collecting information from any Regional Centers that have experienced USCIS site visits at one or more of their project sites. If you have experienced a USCIS site visit, please reach out to Ashley Casey of IIUSA.

House Majority Endorses HTF Renewal through Tax Reform

More than half of all House members have urged the tax-writing Ways and Means Committee to ensure the future solvency of the Highway Trust Fund with new revenue that could be realized through tax reform.

US DOT Offers Guidance on P3s

A new DOT paper outlines 17 ways to engage the private sector, across three major phases of project development: planning, pre-procurement and post-procurement.

Call for Community and Economic Development Practitioners

The CDFI Fund is issuing a call for well-qualified personnel to serve as application Reviewers and Alternate Reviewers for the 2017 application round of the NMTC Program.

Indianapolis Consider $15.2M in Bonds for Downtown Projects

Indianapolis officials consider issuing bonds to contribute $15.2 million to two downtown development projects. As opposed to typical tax increment financing, the bonds would be so-called "developer-backed bonds," a financing vehicle being championed by the Hogsett administration.

Upcoming Events

News from

The latest municipal finance headlines from The Bond Buyer.

Commentary: With the Trump Administration, `Strategic Patience' on Infrastructure May Be the Key

As we await details on the president's infrastructure program, the best approach is to study up on the alternatives -- and be patient.

Many MA Firm Have Yet to Get Their Advisors Qualified

As the deadline for municipal advisors to pass their qualification exam approaches, roughly 26% of registered firms have no advisors who have qualified, potentially leaving issuers with fewer firms on which to rely, according to regulators.

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.

Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: Special Assessment Techniques for Transformative Community Improvements
July 18, 2017 - 1:00 PM Eastern

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss new and innovative uses for special assessments and how this tool is poised for greater use nationwide.

USDA Rural Community Development Initiative + Grant Application Tips
July 14, 2017 - 1:00 PM Eastern

During this special webinar from CDFA, learn from expert speakers and previous awardees as we discuss the RCDI program, how to apply, and recommendations for successful applications.

This Week's Headlines

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Job & RFP Postings

Hiring: Executive Director - CRA of Memphis & Shelby County

New Additions to the Online Resource Database

HNEF Scorecard Presentation
Economic Development | Innovation Finance | Social Finance

Maggie Church from CLF Ventures presents on ways to measure the impact of investments in communities.

>>> SEARCH ONLINE RESOURCE DATABASE

National Sponsor Spotlight

	Bricker & Eckler LLP Bricker & Eckler LLP, is one of Ohio's leading law firms, representing corporations, nonprofit organizations, government agencies, health care facilities, school districts, and municipalities, as well as individuals.
	Bryan Cave LLP Bryan Cave LLP is a leading business and litigation firm with global reach, a strong reputation and a long history of success. Their client base includes businesses, financial institutions and not-for-profit organizations, government entities and...
	Business Oregon Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and...

Partner Spotlight

Institute of Economic Development (IED) - United Kingdom

The Institute of Economic Development (IED) is the UK's leading independent professional body representing economic development and regeneration practitioners. Established over 30 years ago, the IED's key objective is to represent the interests of...

CDFA Bookstore

Tax Credit Finance Reference Guide

The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.

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