About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

CDFA Tax Credits Finance Update - January 24, 2023

Having trouble viewing this newsletter? View it online.
Tax Credits Finance Update
January 24, 2023
Subscribe
View Archives
Tax Credits Finance Update

Features

Join CDFA for the Return of the Fundamentals of Economic Development Finance Course
Join CDFA as we kick off the new year with the return of the Fundamentals of Economic Development Finance Course on January 25-26, 2023! This course is the foundation for all of CDFA's educational offerings and will help attendees understand the variety of development finance tools available including bonds, tax credits, tax increment financing (TIF), federal financing programs, RLFs, Opportunity Zones, and access to capital lending resources.

State Support Announced for 54 Historic Rehabilitation Projects in Ohio
Ohio Governor Mike DeWine and Lt. Governor Jon Husted announced state support for 54 rehabilitation projects that will restore 57 historic buildings across Ohio. The projects are expected to leverage approximately $1.01 billion in private investment. Three projects in Central Ohio were awarded funding. The restoration project, expected to cost $1,030,000, is receiving a total tax credit of $201,500.

The CDFA Federal Policy Conference is back!
CDFA is excited to host the 2023 Federal Policy Conference on April 11-12 in Washington, D.C.! The conference will include sessions featuring tax credits - including one on Measuring the Impact of New Markets Tax Credits (NMTCs) which will discuss how NMTCs are imperative to invest in distressed communities. Join federal agency and development finance industry experts, and leave with a better understanding of the tools, resources, and regulatory changes impacting the entire federal development finance spectrum. Register today!

Supportive Housing Project Breaks Ground in San Diego County, CA
A vacant lot is being transformed into an integrated supportive housing community for individuals experiencing or at risk of homelessness in Oceanside, California. A groundbreaking ceremony was recently held for the $27.3 million development.

Financing Secured for Briscoe, MA Redevelopment Project
The plan to redevelop the former Briscoe School building took a big step forward with the announcement Friday that the financing for the $55 million project has been secured. Harborlight Homes and Beacon Communities said they have closed on the financing, which marks the first time a Massachusetts affordable housing deal has received funding from the American Rescue Plan Act. The project received $3 million in ARPA funds.

Call for Proposals - CDFA Minority Capital Loan Guarantee Program
The CDFA Minority Capital Loan Guarantee Program is a 10-year, $18 million loan guarantee program, supported by the Robert Wood Johnson Foundation, to help development finance agencies in the United States deliver capital in a more equitable manner. CDFA is now accepting proposals from those interested in participating in the program. To be considered, download the Call for Proposals for submission criteria and register to attend the informational webinar on February 7 at 2 PM (Eastern).

Minnesota Governor Releases $4.1B Economic Budget
Minnesota Governor Tim Walz unveiled his proposed two-year, $4.1 billion economic budget. $30 million would go toward the Drive 5 Workforce Fund to help people get into high-growth job categories of technology, caring professions such as nursing, social work or teaching, education, manufacturing, and trades. The budget also addresses issues within the healthcare industry, like expanded training, mental health, and recruitment.

Great Southern Wood Announces $5.9M Expansion of Louisiana Facility
 Great Southern Wood Preserving, the lumber processing company, announced a $5.9 million expansion of its Avoyelles Parish, Louisiana facility's remanufacturing division with the installation of four new production lines. The additional equipment will increase the facility's production capacity and allow for the manufacturing of components used in the oil field and for storm relief and mitigation.

Upcoming Events
Fundamentals of Economic Development Finance Course

CDFA // BNY Mellon Development Finance Webcast Series: P3 Financing Approaches for Broadband Infrastructure
Tuesday, February 21, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Webcast Series, experts will highlight the resources available for financing broadband, discuss navigating the use of P3 for broadband, and share first-hand knowledge of their successes utilizing P3 financing for broadband projects.

CDFA Food Systems Finance Webinar Series: Bonds & Food Systems
Tuesday, February 28, 2023 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Food Systems Finance Webinar Series, we take a deeper look at a method of financing that has been building infrastructure, industry, and agriculture for over a century and explore its applications within the food system.

More Headlines

New Law in Ohio Pulls Funding Source for Affordable Housing
Spectrum News 1 | Jan. 23 | Historic Preservation | Housing Finance | Legislative | Tax Credits

Charleston, SC Committee Wants Lawmakers to Double Affordable Housing Tax Credits
Live 5 WCSC | Jan. 23 | Community Development | Housing Finance | Legislative | State Finance Program | Tax Credits

Architects in Indiana Push for Restoration of Historic Preservation Tax Credit
Inside Indiana Business | Jan. 20 | Historic Preservation | Housing Finance | Incentives | Legislative | Tax Credits

House Committee Advances Bill to Lower Top Income Tax Rate in Virginia
Potomac Local News | Jan. 19 | Housing Finance | State Finance Program | Tax Credits

Rhode Island Governor Releases Proposed $13.75B State Budget
The Sun | Jan. 19 | Education | Federal | Healthcare | Infrastructure Finance | Legislative | State Finance Program | Tax Credits

Biden Administration Paying Americans Thousands to Upgrade Their Homes
Yahoo! Finance | Jan. 18 | Energy Finance | Green Finance | Incentives | Infrastructure Finance | Tax Credits

State Recommends Tax Credit Break for Hidden Lakes Senior Project in Florida
Citrus County Chronicle | Jan. 18 | Federal | Housing Finance | Tax Credits

Connecticut Governor Proposes Increasing Tax Credit for Small Businesses
CT | Jan. 18 | Economic Development | Tax Credits

Organization Awarded Tax Credits for New Houston, TX Library
Houston Herald | Jan. 17 | Economic Development | Federal | State Finance Program | Tax Credits

Peak Innovation Park in Colorado Secures Financing for Second Phase of Development
Mile High | Jan. 9 | Bond Finance | Opportunity Zones | Tax Credits

Go Solar Florida State Assists Homeowners With Solar Incentives & Savings
Newswires | Jan. 9 | Energy Finance | Property Assessed Clean Energy (PACE) | Tax Credits

Ohio Department of Agriculture Introduces Beginning Farmer Tax Credit
94 Country WKKJ | Jan. 4 | Agriculture Finance | State Finance Program | Tax Credits

Three Affordable Housing Projects Move Forward in Saint Paul, MN
City of Saint Paul | Jan. 3 | Bond Finance | Housing Finance | Tax Credits | Tax Increment Finance (TIF)

Texas Bill Would Offer Tax Credits for Grocery Stores That Open in Food Deserts
Dallas Observer | Dec. 30, 2022 | Access to Capital | Food Systems Finance | Legislative | Tax Credits

New Year Brings New Challenges And Opportunities For Tax Policy
The Bond Buyer | Dec. 28, 2022 | Bond Finance | Tax Credits



The Council of Development Finance Agencies (CDFA) 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 www.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

Archives

Displaying 1 - 30 of 81

January 24, 2023
December 27, 2022
November 22, 2022
October 25, 2022
September 27, 2022
August 23, 2022
July 26, 2022
June 28, 2022
May 24, 2022
April 26, 2022
March 22, 2022
February 22, 2022
January 25, 2022
December 28, 2021
November 23, 2021
October 26, 2021
September 21, 2021
August 24, 2021
July 27, 2021
June 22, 2021
May 25, 2021
April 27, 2021
March 23, 2021
February 23, 2021
January 26, 2021
December 22, 2020
November 24, 2020
October 27, 2020
September 22, 2020
August 25, 2020




CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • Cirrus Secure
  • CohnReznick
  • Frost Brown Todd LLC
  • 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
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor