Join CDFA for Our Upcoming Intro Tax Credit Finance Course
Register for CDFA's Intro Tax Credit Finance Course taking place on September 27-28 to learn the application of tax credit programs and their use in greater economic development finance efforts. Our panel of expert speakers will discuss tax credit programs including new markets, low-income housing, historic preservation, and state-specific programs.
Ohio Authority Approves $57K in Bond Financing for Dry Cleaner's Upgrade
The Ohio Air Quality Development Authority (OAQDA) approved up to $57,000 in bond financing to support an air quality project for YS Cleaners LLC dba Dry Cleaning World in Akron. The financing is provided through OAQDA's Clean Air Resource Center (CARC), which is designed to make clean air compliance accessible and affordable for Ohio small businesses.
$266M to Agricultural Producers, Rural Small Businesses for Energy-Related Improvements
The USDA announced that it is awarding $266 million in loans and grants to agriculture producers and rural small businesses to make investments in renewable energy and energy efficiency improvements that will lower their energy costs, generate new income, and strengthen the resilience of their operation. This funding is made possible in part by the Inflation Reduction Act.
X-Caliber Leads $52M Financing for California Almond Cold-Storage Expansion
California Custom Processing has sealed a $33.5 million debt package for the refinance and expansion of an almond processing facility and renewable energy system in Northern California. X-Caliber Rural Capital provided a $29.5 million loan through the USDA Food Supply Chain Guaranteed Loan Program for CCP's 65,000-square-foot asset in Madera, California. CastleGreen Finance also supplied $4 million of C-PACE financing for the project through the California Statewide Communities Development Authority.
Tacoma, WA Considering Tax Credit Increase for Clean Energy, Green Companies
City officials are pitching a revision of the tax incentive for green jobs to more closely align with the Tacoma Green Economic Development Strategy, the city's plan for taking advantage of public and private sector efforts to decarbonize, including new businesses that provide meaningful work and create jobs by solving environmental problems.
New Pasadena Condo Project in California Picks Up $5M in Green Financing
A new 19-unit condominium project in Pasadena's Playhouse District has secured $5 million in financing from a program that supports energy-efficient and resilient building improvements. The project is envisioned as including 11 one-bedroom units and eight two-bedroom units, with private roof-top patios for the penthouse units. It will also have 32 parking spaces. Construction is expected to begin soon and will be completed by late 2024.
Illinois' New C-PACE Makes Clean Energy Projects More Affordable for Local Businesses
Clean energy projects will become more affordable for local businesses after the Sangamon County Board recently passed a financing incentive, which will allow businesses to pay off clean energy projects over decades through special assessments tied to the land. With this C-PACE financing, projects like installing solar panels or charging stations for electric cars have made the price tag more manageable for businesses.
Washoe Tribe Receives $1.3M for Energy Infrastructure and Clean Energy Investments
U.S. Senators Catherine Cortez Masto (D-Nev.) and Jacky Rosen (D-Nev.) announced that the Washoe Tribe of Nevada & California will receive $1.3 million to modernize and strengthen their energy infrastructure and invest in clean energy. The funding comes from the U.S. Department of Energy's Grid Resilience State and Tribal Formula Grants program, which was created in the Bipartisan Infrastructure Law.