CDFA Legislative and Federal Affairs Update - July 2, 2024

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Legislative and Federal Affairs Update July 2, 2024	Subscribe View Archives

Legislative Features

CDFA Community Facilities Technical Assistance Program for Tribal Communities - Now Accepting Applications!

CDFA is excited to announce the second round of applications for the CDFA Technical Assistance Program for Tribal Communities is now open! Through this program, CDFA and a dedicated team of development finance experts are providing targeted one-on-one technical assistance to tribal communities for financing community facilities projects. Learn more about the program and if you're eligible today!

Accenture Federal Services Wins $250M Department of the Interior Platform Services Contract

Accenture Federal Services has won a $250 million contract from the U.S. Department of the Interior to help the Bureau of Land Management (BLM) operate and maintain a future-ready mission services IT platform. Accenture Federal Services will use its expertise to help BLM accelerate its use of digital tools, and ultimately streamline the way it manages more than 245 million acres of federal land and 700 million acres of subsurface minerals.

U.S. Department of Interior Takes Steps to Protect Tribal Subsistence, Vital Ecosystems in Alaska

The U.S. Department of the Interior advanced two actions that maintain protections on Bureau of Land Management (BLM)-managed public lands in Alaska that are home to key fish and wildlife habitat, sensitive rivers and streams, and other resources that are critical to the state's subsistence economy and the way of life for Alaska Native communities.

Durham, NC Secures $12M from U.S. DOT for Pedestrian Upgrades on Holloway Street

The city of Durham will receive $12 million in federal money to pay for pedestrian safety upgrades on the city's busiest bus route along Holloway Street. The grant will support new curb ramps at 33 intersections, new flashing beacons at two mid-block crossings, and upgrades to all 32 bus stops for shelters, lighting, benches, and bike racks. The project is under design, with construction expected to begin in 2026.

Milwaukee Receives $2.1M from HUD for Affordable Housing

Milwaukee is one of 21 communities to get funds from the Pathways to Removing Obstacles to Housing (PRO Housing) grant program. Milwaukee received $2.1 million in federal funding to increase the number of affordable housing options across the city. The money—from HUD—will mainly be used to expand the Growing MKE plan. That's an effort to update the city's zoning code to expand housing options and increase the number of new developments throughout the city.

Montgomery, AL Receives $3.6M Grant to Create More Lower-Cost Housing Options

The U.S. Department of Housing and Urban Development (HUD) is awarding Montgomery $3,581,160 through its Pathways to Removing Obstacles to Housing (PRO Housing) program. The HUD PRO Housing awards aim to empower communities to identify and address barriers to housing construction and remove obstacles to affordable housing production and preservation.

Philadelphia Receives Over $3M to Help With Rising Housing Costs

Philadelphia has been awarded a $3.32 million federal grant to help the city efficiently build new housing and provide funding for residents. Philadelphia is one of 21 communities in 18 states that received funding for their proposals. The city will use the funds to build or rehabilitate 30,000 new housing units.

$12M For Alaska, Washington Fisheries Disasters Allocated by U.S. Department of Commerce

U.S. Commerce Department officials have announced the allocation of $12.2 million to address fishery resource disasters in Alaska and Washington State through the Relief Supplemental Appropriations Acts. The funding will assist with the recovery of salmon fisheries in communities across Alaska and Puget Sound by bolstering fisheries restoration efforts, minimizing the risk of future disasters, and helping build back stronger.

Upcoming Events

CDFA Tribal Finance Webinar Series: Investing in Affordable Housing on Tribal Lands
July 9, 2024 - 2:00 PM - 3:30 PM Eastern

During this installment of the CDFA Tribal Financing Webinar Series, panelists will explore how tribal communities are investing in affordable housing solutions that meet their residents' unique needs.

CDFA // BNY Mellon Development Finance Webcast Series: Navigating ESG in the Bond Market
July 16, 2024 - 2:00 PM - 3:00 PM Eastern

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists will discuss ESG principles, how they have impacted the bond market, what role they play in the larger financial market, and where they see those impacts continuing in 2024 and beyond.

Federal Features

Sharpsburg, PA Awarded $25M to Improve Riverfront Access for Proposed Development

The U.S. Department of Transportation (DOT) awarded a $25 million grant to develop a former Sharpsburg scrapyard into a riverfront village and improve access to the site. The grant would give access — by bridge, road, bike trail — to the 1.5-mile slice of Allegheny River shoreline between the Highland Park and 62nd Street bridges. The federal funds will lighten the loads on the local roads and spur the development of the brownfield.

U.S. Department of Commerce Announces $75M CHIPS Deal With Entegris

The U.S. Department of Commerce (DOT) reached a preliminary agreement with Entegris for up to $75 million in proposed Federal incentives under the CHIPS and Science Act to onshore critical semiconductor supply chain and manufacturing materials for leading-edge chip production. The CHIPS investment would support the construction of Entegris' manufacturing center, and create almost 600 manufacturing jobs for several years and about 500 construction jobs by 2030.

U.S. Department of Transportation Unveils $1.8B for Transportation Projects

The U.S. Department of Transportation announced $1.8 billion in funding from the bipartisan infrastructure law to improve roads, public transit, and ports in all 50 states. The projects, 148 in all, are the third wave of a five-year program to fund smaller, often community-oriented projects that span jurisdictions and involve multiple modes of transport.

Washington Transportation Projects Score Nearly $90M in Federal Grants

Eight transportation projects in Washington will receive a combined $89.7 million in federal grant funding. The largest grant, $25 million awarded to King County Parks, will go toward closing a gap in a planned 42-mile bicycle and pedestrian trail – known as the Eastrail – between Renton and Snohomish County. Grants in the $17 million to $18 million range will go to a street project in Vancouver, constructing a transit maintenance facility to accommodate electric buses in Kitsap County, and helping the Port of Bellingham reconnect its docks to a nearby rail line.

Department of Energy Announces $900M for Modular Nuclear Reactor Projects

The Department of Energy announced that it will provide up to $900 million to deploy small nuclear reactors in the United States. The funding is available to so-called Generation III nuclear plants that are modular and incorporate enhanced safety measures.

Treasury and IRS Release Final Rules to Ensure Good-Paying Clean Energy Jobs

The U.S. Department of the Treasury and the IRS released final rules on prevailing wage and registered apprenticeship (PWA) requirements in the Inflation Reduction Act. The final rules will help build a strong pipeline of highly skilled workers to support the growth of the clean energy economy and ensure clean energy jobs are good-paying jobs.

$108M in Transportation Investments to Improve Infrastructure on Federal, Tribal Lands

The U.S. Department of Transportation's (USDOT) Federal Highway Administration (FHWA) announced over $108 million in grant awards for 85 projects that will improve transportation and reduce roadway fatalities and serious injuries on Federal and Tribal lands. The grants are the latest in a series of efforts to invest in transportation improvements and improve safety, economic development, and equity on Federal and Tribal lands.

Lee Commissioners Accept $1.8M to Assist Florida Homeless Due to Hurricane Ian

The awarded funds will fill a gap in federal disaster assistance for people experiencing or at risk of experiencing homelessness. The funding is through Emergency Solutions Grant (ESG) Rapid Unsheltered Survivor Housing (RUSH) entitlement grant funds from the U.S. Department of Housing and Urban Development (HUD).

USDA to Strengthen Tribal Food Sovereignty, Co-Stewardship, and Knowledge of Agriculture Policy

The U.S. Department of Agriculture (USDA) announced actions to strengthen tribal sovereignty and fulfill long-standing tribal requests for USDA to better partner with tribal nations, and make our overall food system more resilient. The announcements include over $42 million for awardees under the Indigenous Animals Harvesting and Meat Processing Grant Program, $18 million for projects under the Tribal Forest Protection Act, and $2.3 million to support the service of indigenous foods in school meal programs.

Federal Financing Clearinghouse Spotlight

CDFA's Federal Financing Clearinghouse is the only online resource cataloging the development finance programs offered by the federal government. Check out our featured agencies and programs below. >>> Learn More

U.S. Dept. of Transportation (DOT)

Recreational Trails Program (RTP)

The Recreational Trails Program (RTP) provides funds to the States to develop and maintain recreational trails and trail-related facilities for both nonmotorized and motorized recreational trail uses.

U.S. Dept. of Treasury

Commercial Paper Funding Facility

The Facility serves as a funding backstop for commercial paper issuers to support the flow of credit to households and businesses.

U.S. Environmental Protection Agency (EPA)

Technical Assistance to Brownfields Communities Grant

The Technical Assistance to Brownfields Communities Grant provides technical assistance funding to assist specified communities facing brownfields challenges. Cooperative agreements awarded under the...

U.S. Small Business Administration (SBA)

7(a) Loan Program

The 7(a) loan program is the SBA's primary program for providing financial assistance to small businesses. The terms and conditions, like the guaranty percentage and loan amount, may vary by the type...

Legislative and Federal Headlines

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New Additions to the Online Resource Database

National Strategy for Reducing Food Loss and Waste and Recycling Organics
Access to Capital | Agriculture Finance | Federal | Food Systems Finance

The Strategy will help the U.S. meet its National Food Loss and Waste Reduction Goal, to halve food loss and waste by 2030 and contribute to achieving the National Recycling Goal to achieve a 50% recycling rate by 2030, as well as contribute to the global achievement of the United Nations SDG Target. These efforts are part of the Administration's whole-of-government methane strategy—including actions to cut emissions from landfills and food waste, agriculture, the oil and gas sector, abandoned mines, and other major sources, while improving measurement and monitoring—to fulfill the Global Methane Pledge, which aims to reduce anthropogenic methane emissions by at least 30% by 2030 from 2020 levels.

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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 visit CDFA.net or email info@cdfa.net

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net