The Council of Development Finance Agencies (CDFA) is proud to present Mike O'Donnell with the 2019 CDFA Lifetime Achievement Award. Mike O'Donnell is the Executive Director of Colorado Lending Source, a non-profit, mission-based lender.

The Council of Development Finance Agencies (CDFA) is proud to present James Carras with the 2019 CDFA Lifetime Achievement Award. James Carras is Principal of Carras Community Investment, Inc., a development finance consulting firm in Fort Lauderdale, Florida.

Officials in both cities have good reasons to invest in a range of affordable housing types, and last week, voters in San Francisco and Durham each approved the largest housing bond in their city's history. San Francisco voters also approved Proposition A, a $600 million housing bond, and in Durham, it was a $95 million bond.

Opportunity Finance Network is happy to announce that the application period is now open for the next cohort of the Landit for CDFI Women program! OFN thrilled to continue our partnership with Landit, an innovative technology platform that creates a personalized playbook for those seeking to successfully own and navigate their career path.

Rural communities must often get creative if they want to bring broadband to their residents, and sometimes their hands are tied due to state restrictions or a lack of favorable legislation. Smaller municipalities in New Hampshire, however, may soon have the option of forming a multi-town district to establish a broadband system.

Time is running out to maximize the tax benefits available under the qualified opportunity zone (QOZ) program. Under current guidance, it seems that one must invest in a "qualified opportunity fund" (QOF) by December 31, 2019, to be eligible for all possible QOZ tax benefits (though most QOZ tax benefits will still be available for QOF investments made after 2019).

Petros PACE Finance, LLC has closed a $3.5 million Commercial Property Assessed Clean Energy (C-PACE) transaction to finance the energy efficiency components of the construction of a 5-story Hyatt House in Columbus, Ohio.

Housing finance agencies issued $14.7 billion in tax-exempt multifamily rental housing bonds in 2018, a 3.7 percent decrease in multifamily issuance from last year, according to the Council of Development Finance Agencies (CDFA). The issuance of single-family mortgage revenue bonds increased more than 50 percent, from $5.6 billion in 2017 to $7.4 billion in 2018.

The lending limit for tax-exempt private activity bonds issued for first-time farmers would be raised to $543,800 from the current ceiling of $450,000 under bipartisan legislation introduced by six House members from farm states. Iowa accounted for $16 million of the approximately $36.1 million in aggie bonds issued in 2017, according to CDFA's Volume Cap Report.

The limits set annually by the IRS may constrain California, Massachusetts, and New York - states with high housing costs - as they seek to finance multifamily housing bonds, single-family mortgage revenue bonds, and qualified student loan bonds. The three came closest to utilizing their volume caps for PABs in 2018, according to a recent survey by CDFA.

In this webinar, the discussion will focus on the use of PACE financing as a tool in new construction projects. Learn from industry leaders and finance experts about how C-PACE can be a tool for new commercial development. PACE as a new form of capital provides unique alternatives to close financing gaps and to replace developer equity in projects under development.

During this installment of the CDFA // BNY Mellon Webcast Series, we will discuss financing tools for Native American-owned businesses to assist in strengthening tribal nation's local economies.

The CDFA-Ice Miller Broadband Financing Bootcamp will provide a high-level discussion on issues impacting broadband development, deployment, and financing. Topics include an overview of the current broadband landscape and the challenges faced by urban and rural markets, approaches to expanding broadband access including using public/private partnerships, and discussing the innovative financing for broadband at the federal, state, and local levels. This comprehensive bootcamp will also provide attendees with critical information for accessing the plethora of financing available to support broadband expansion into underserved markets throughout the country.

The Council of Development Finance Agencies seeks a motivated, well-organized and energetic individual to fill the position of Vice President, Development Finance. This position is critical to the continued success of CDFA's education, advocacy, research, resources, and networking efforts. This position leads CDFA's development finance practice and is responsible for ensuring CDFA delivers on its research projects, resource collection, educational offerings, partnerships, and content creation.

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