CDFA Releases Annual Volume Cap Report
CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2017 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer.
Toledo-Lucas County Port Authority Approves Bonds for OH Solar Project
Construction costs for a solar field at Toledo's former Jeep factory site are to be financed by a $3.2 million bond issue by the Toledo-Lucas County Port Authority. The 4-megawatt array will be located on about 18 acres in the Ottawa River flood plain that once was the factory's parking lot is to be built using solar panels and inverters donated to the Toledo Community Foundation by First Solar and Solectria, respectively.
$90M in Green Bonds Sold to Finance Loyola Marymount University Student Housing in CA
California State Treasurer John Chiang has announced the sale of $90 million in green bonds to finance the construction of energy efficient student housing at Loyola Marymount University in Los Angeles. The proceeds of the taxable and tax-exempt bonds will be used to build a 190,000-square-foot building at the private, not-for-profit university's Westchester campus that will house 625 beds.
ProMedica Plans $1.45B Debt Offering to Continue Expansion in OH
ProMedica is preparing a blockbuster $1.45 billion debt offering to continue hospital and facility expansion as well as repay a bridge loan from Barclay's that partially financed the purchase of HCR ManorCare earlier this year.
San Jose, CA Wants to Borrow $450M for Housing
San Jose Mayor, Sam Liccardo, and the city council finalized the terms of a $450 million bond referendum that would direct money to affordable housing production and preservation at three different income levels, promising to create up to 3,550 units of new affordable housing in the city. The bond follows on the heels of a $900 million bond approved by Santa Clara County voters to address homelessness.
Nashville, TN Issues $775M in Bonds
The Nashville Metro Council voted to authorize the sale of $775 million in general obligation bonds to cover public works projects, including new sidewalks, street paving and new school buildings. The bonds will also cover $50 million appropriated by the council for new buildings and infrastructure upgrades at the city's fairgrounds as part of a plan for a new Major League Soccer stadium.
King County, WA Approves $135M for Mariners Ballpark
A divided Metropolitan King County Council gave final approval to spend $135 million in taxpayer funds on the Mariners ballpark despite objections that the billion-dollar company could pay for its own needs. King County voters rejected funding for a new stadium in 1995, but the state Legislature approved taxes for construction anyway. Taxpayer funds ultimately financed 72 percent of Safeco Field's $517 million cost.
Columbus, OH Approves Borrowing $400M in Bonds for Improvements
Columbus will borrow about $400 million to make street repairs, build new recreation centers, prevent erosion near waterways and complete other capital projects. The Columbus City Council voted on a package of bonds totaling about $400 million, funding a portion of Mayor Andrew J. Ginther's $1 billion capital budget that the council already signed off on.
Sioux Falls, IA Voters Approve $190M School Bond Issue
Voters in the Sioux Falls School District have passed a $190 million bond to fund three new schools and add improvements to existing buildings. According to the district, in a special election, the bond passed with more than 85 percent of the vote. The money will be used to build a new elementary school, middle school and high school. It also will fund renovations at 14 other buildings in the district.
IRS Report Indicates Falling PAB Issuances
Projects financed by private activity bonds are projected to fall by more than 27 percent over the next eight years, according to recent data from the Internal Revenue Service. There were 3,043 bond issues in 2017, a figure that is expected to decrease to 2,200 by 2025.
Weekly Capital Markets Update
Wye River | Oct. 16 |
Weekly Market Outlook
Moody's Analytics | Oct. 16 |
Weekly Rate Update
KPM Financial | Oct. 16 |
CDFA Federal Financing Webinar Series: U.S. Economic Development Administration (EDA)
October 18, 2018 - 2:00 PM Eastern
In this webinar, CDFA will convene experts on the EDA, as well as current and past recipients of EDA programming, to discuss the agency's offering of programs and initiatives. Notable programs that CDFA will highlight includes the Revolving Loan Fund Program, the Public Works Program, and the Planning Program.
|News from |
The latest municipal finance headlines from The Bond Buyer.
Why PAB Issuance Grew to $24.9B in 2017
The near-death experience that private activity bonds went through in 2017 under tax reform helped boost their issuance to $24.9 billion last year. That's a 22% jump from the $20.4 billion reported in 2016 when Illinois did not participate in the annual survey the CDFA conducts of PAB issuance under state volume caps.
Utility in WA to Issue $53.9M for Upgrades
The Clark Public Utilities District in southwest Washington state plans to issue $53.9 million in revenue bonds for planned upgrades to its facilities. A $34.9 million bond will pay for improvements to the electric system while a $19 million bond is for the district's generating system.
DC HFA Closes on $74.5M Issuance for Affordable Housing
The District of Columbia Housing Finance Agency offered its second bond offering under a new program to create more affordable housing for the nation's capital. The DCHFA priced $74.5 million of tax-exempt bonds through lead manager Wells Fargo to finance the construction and preservation of two affordable housing developments.
Build America Mutual Launches Greenstar Assessment to Identify Muni Green Bonds
Build America Mutual announced a new GreenStar Assessment program to identify green bonds sold by U.S. municipal bond issuers for infrastructure projects that provide clear environmental benefits.
Brightline Acquires NV to CA Train Project
A long-planned, as yet undeveloped, high speed rail project from Southern California to Las Vegas is being acquired by Brightline, a private passenger train service operator in Florida. The project is the first outside Florida for Brightline which runs trains between Miami, Fort Lauderdale and West Palm Beach.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
|Bond Finance Headlines|
Community College in Council Bluffs, IA to Seek Bond Issue
Daily Nonparell | Oct. 16 |
Farmington, PA Begins $6M Bond Issue
The Clarion News | Oct. 16 |
Utility Bond Sale to Fund Upgrade to Water System in AK
Arkansas Democrat Gazette | Oct. 16 |
Albuquerque, NM City Council Declares Intent to Issue $6M in Bonds
Albuquerque Journal | Oct. 16 |
Faulkton, SD School District Eyes $8.2M Bond Issue
KSFY | Oct. 16 |
Why the Muni-Bond Market Cares About the Midterms
Bloomberg | Oct. 15 |
Siuslaw, OR Bond Measure Would Finance Upgrades at School
Siuslaw News | Oct. 12 |
Rule 15c2-12 Amendments - Compliance Alert
Hawkins Delafield & Wood LLP | Oct. 11 |
Jefferson County, NY Issues $25M for Human Capital
Watertown Daily Times | Oct. 11 |
HealthAlliance in Kingston, NY Gets OK to Refinance $20M Worth of Bonds
Daily Freeman | Oct. 11 |
Harrison County, MS Bond About More Than New Schools
WLOX | Oct. 10 |
JEDA Provides $11.9M in Bond Funding for Senior Living in Lexington, SC
JEDA | Oct. 9 |
Salt Lake City Airport Plans $875M Bond Sale
KUTV 2 News | Oct. 8 |
Hospital Authority in Albany, GA Approves Bond Refinancing Proposal
Albany Herald | Oct. 4 |
Bio-Bonds: A New Way to Invest in the Medical Miracles of the Future
MarketWatch | Oct. 3 |
Austria to Be First European Country to Issue Government Bond on Blockchain
CrowdFund Insider | Oct. 3 |
Santa Fe, NM Eyes $20M Bond for Infrastructure Repairs
Santa Fe New Mexican | Oct. 3 |
CO Treasurer Issues $545M in Transportation Bonds
The Daily Sentinel | Oct. 3 |
City of Vancouver Has Issued First Green Bond Offering of $85M
Journal of Commerce | Oct. 3 |
Bonds Approved for Wichita, KS YMCA Projects
KFDI | Oct. 2 |
Developer Secures $228M in Bond Financing for Project near FIU Bridge Collapse
The Real Deal | Sep. 28 |
Washburn University, KS Approves Bond Purchase for Indoor Practice Facility
Topeka Capital Journal | Sep. 28 |
$100M WHEFA Bond Financing Helps Marshfield Clinic Health System, Inc.
WHEFA | Sep. 27 |
New Braunfels, TX to Consider Approving $8.3M Bond Issuance
Herald-Zeitung | Sep. 25 |
NY Awards $2M Bond to Geneseo Central Transportation Facility Project
Livingston County News | Sep. 19 |
Grayson County, TX Set to Issue $10M Bond for Highway Work
Herald Democrat | Sep. 19 |
Indianapolis, IN Approves $16.7M Bond for Downtown Buildings
Fox59 | Sep. 18 |
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 firstname.lastname@example.org
For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.
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Columbus, OH 43215
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