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CDFA Legislative and Federal Affairs Update - February 4, 2025

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Legislative and Federal Affairs Update
February 4, 2025
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Legislative and Federal Affairs Update

Legislative Features

CDFA Advocacy Briefing: Opportunity Zones 2.0 Recording Now Available!
Last week, CDFA hosted an insightful and engaging Advocacy Briefing on Opportunity Zones 2.0, featuring a dynamic discussion with representatives from a U.S. Senator's office and some of the leading voices in the Opportunity Zones industry. Thank you to the 250 registrants who joined us for this valuable conversation. CDFA is committed to delivering high-quality content like this and providing resources through our Opportunity Zones Resource Center. For those who could not attend, the briefing recording is now available! We look forward to bringing you more events like this in the future!

Now Accepting Applications for the 2025 Caren S. Franzini Fellowship!
The Caren S. Franzini Fellowship was established to cultivate and celebrate exceptional women in development finance, recognizing their leadership and commitment to advancing the industry. Administered by the CDFA Foundation, this six-month fellowship is open to women employed by a CDFA member organization with less than 10 years of experience in the field. Apply by Friday, March 14!

Upcoming Events
2025 CDFA Federal Policy Conference

CDFA // BNY Development Finance Webcast Series: Bonds for Disaster Recovery and Economic Renewal
February 18, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will present the various bonds that can be leveraged for disaster recovery and will provide examples of how these can be used to help affected regions recover more quickly and emerge stronger.

CDFA State Rundown: Ohio's First Loan Guarantee Program for Non-Profit Lenders
February 19, 2025 - 1:00 PM - 2:30 PM Eastern
In partnership with Ohio Statewide Development Corporation (OSDC), CDFA is hosting a CDFA State Rundown to explore, discuss, and learn about the application process for the new CorFund program. Small businesses are the heart of Ohio's economy, driving job creation, fostering community vitality, and sparking local innovation. To support these vital businesses, OSDC has introduced CorFund, a new loan guarantee program aimed at empowering non-profit lenders that assist Ohio's smallest enterprises.

Federal Features

2025 CDFA Federal Policy Conference Returns April 15-16!
Uncertainty can cause concern. But it can also provide opportunities. This is why we're hosting the annual CDFA Federal Policy Conference this April 15-16 in Washington D.C. This is your chance to hear from—and be heard by—the people influencing the development finance industry at the federal level. This isn't just a networking conference with informative breakout sessions, it's a chance to sit at the table and talk with representatives from federal agencies. Save your seat at this important meeting of the minds, and help us turn uncertainty into opportunity. Register today!

White House Budget Office Rescinds Federal Funding Freeze
The Trump administration's Office of Management and Budget released a memo Wednesday rescinding a controversial order that froze a wide swath of federal financial assistance, which had paralyzed many federal programs and caused a huge uproar on Capitol Hill. The decision came amid strong behind-the-scenes pushback from Republican lawmakers on Capitol Hill, according to a GOP senator who was apprised of the decision to reverse the policy order.

EPA Tells 1,000 Employees They Could Be Fired ‘Immediately'
More than 1,000 employees at the Environmental Protection Agency (EPA) were notified last week that they may be subject to immediate firing, according to an email obtained by The Hill. The email, sent Wednesday by EPA mission support official Kimberly Patrick, notifies impacted employees that they are "likely on a probationary/trial period."

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

Agency Seal Appalachian Regional Commission (ARC)

Workforce Opportunity for Rural Communities Grant Program
The WORC Initiative is designed to facilitate the alignment of workforce development efforts with existing economic development strategies in rural communities hard hit by economic transition and...

Agency Seal Delta Regional Authority (DRA)

DRA Local Development Districts
As front-line project managers, the local development districts within the DRA footprint provide technical assistance, application support and review, and other services to DRA and those entities in...

Workforce Opportunity for Rural Communities Grant Program
The WORC Initiative is designed to facilitate the alignment of workforce development efforts with existing economic development strategies in rural communities hard hit by economic transition and...

Agency Seal Denali Commission

Energy & Bulk Fuel Program
Recognizing the critical role energy plays in the quality of life and economic development of Alaska's rural communities, the Denali Commission has made energy and bulk fuel its primary...

Agency Seal Export-Import Bank of the United States (EXIM Bank)

Fixed-Rate Term Financing for International Buyers (Direct Loans)
The EXIM Bank's direct loans secure competitive financing for international buyers. Fixed-rate financing up to 12 years in general and up to 18 years for renewable energy projects is offered to...

Legislative and Federal Headlines

Encino Environmental Services Selected by the EPA and DOE to Receive $11M for Two Cooperative Agreements
Bakersfields.com | Jan. 29 | Federal | U.S. Dept. of Energy (DOE) | U.S. Environmental Protection Agency (EPA)

Energy Fuels, Navajo Nation Department of Justice, and Navajo Nation Environmental Protection Agency Sign Landmark Agreement on Uranium Ore Transport and Abandoned Mine Cleanup
PR Newswire | Jan. 29 | Energy Finance | Federal | Tribal Finance | U.S. Environmental Protection Agency (EPA)

Illinois EATS Program Renewed
Brownfield Ag News | Jan. 29 | Access to Capital | Agriculture Finance | Federal | Resiliency | Social Finance | U.S. Dept. of Agriculture (USDA)

Lee M. Zeldin Sworn in as 17th EPA Administrator
U.S. EPA | Jan. 29 | Community Development | Federal | U.S. Environmental Protection Agency (EPA)

Municipal Securities Market Integral to Rebuilding After Natural Disasters
The Bond Buyer | Jan. 27 | Bond Finance | Community Development | Disaster Recovery & Relief | Economic Development | Legislative

USDA Approves $2M to Boost Bison Program
High Plains Journal | Jan. 25 | Access to Capital | Agriculture Finance | Federal | U.S. Dept. of Agriculture (USDA)

4 Major Climate, Energy Moves Included in Trump's Day 1 Executive Orders
The Hill | Jan. 21 | Economic Development | Energy Finance | Federal | U.S. Environmental Protection Agency (EPA)

Pennsylvania Awarded $1.3M Federal Grant to Support Freight Signal Priority Tech
Transportation Today | Jan. 21 | Federal | U.S. Dept. of Transportation (DOT)

Croatan Institute Launches New FARMWISE Hub
Croatan Institute | Jan. 14 | Access to Capital | Agriculture Finance | Federal | Social Finance | U.S. Dept. of Agriculture (USDA)

EPA Announces $2.4M in Funding to 24 Small Businesses for the Development of Environmental Technologies
U.S. EPA | Jan. 13 | Access to Capital | Community Development | Economic Development | Federal | U.S. Environmental Protection Agency (EPA)

USDA Continues Historic Commitment, Partnering with Rural Communities on Clean, Affordable Energy
USDA | Jan. 10 | Access to Capital | Energy Finance | Federal | Rural Development | U.S. Dept. of Agriculture (USDA)

USDA Invests in Additional Domestic Biofuels, Clean Energy Projects to Increase American Energy Security
USDA | Jan. 10 | Access to Capital | Energy Finance | Federal | U.S. Dept. of Agriculture (USDA)

USDA Announces Grants and Technical Assistance Funding for Urban Agriculture, Innovative Production
USDA | Jan. 8 | Access to Capital | Agriculture Finance | Federal | U.S. Dept. of Agriculture (USDA) | Urban Development



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

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CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY
  • Bricker Graydon LLP
  • Business Oregon
  • CohnReznick
  • Frost Brown Todd LLP
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • NW Financial Group, LLC
  • PGAV Planners, LLC
  • Raza Development Fund
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • U.S. Bank
  • Wells Fargo Securities
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