Advisory Services








Development Finance Review Weekly
December 14, 2017
View Archives
CDFA Development Finance Review Weekly


Final Tax Bill Uncertain, Despite Media Reports
The final tax bill is likely to retain tax-exempt private activity bonds, which are used for multi- and single family housing, airports, water and sewer facilities, as well as nonprofit hospitals and universities. However Republicans are still negotiating PAB provisions, and they have considered eliminating smaller categories of PABs, like industrial development bonds and agricultural bonds. CDFA urges all stakeholders to call their representatives immediately, and ask them to preserve ALL private activity bonds.

Abilene, TX, Gets $18M SRF Loan for Smart Water Meters
The Texas Water Development Board has approved financial assistance totaling $18.37 million from the Clean Water State Revolving Fund to the city of Abilene for planning, design, and construction of a water meter replacement project.

Fund for Detroit Minority Small Business Owners Hits $18M
The Entrepreneurs of Color fund, launched in 2015 with $6.5 million, will swell to more than $18 million as new donors add to the investments already made by Chase, the W.K. Kellogg Foundation, and the nonprofit Detroit Development Fund.

CA Working to Address Issues With PACE Program
A decade after California became ground zero for what is now one of the country's fastest-growing home loan programs, the state has passed unprecedented regulations to protect borrowers from deceptive financial practices. "There hasn't been a lot of these things, but it's been enough that it's worrying," says Tim Fisher, of CDFA.

Skidmore Eyes $67.5M Science Center Expansion
Skidmore College plans to break ground by next summer on a $67.5 million science center expansion, which will include new construction and renovation of existing areas. The Center for Integrated Sciences, with 115,000 square feet of new space, will have 46 research labs, 16 classrooms and 22 teaching labs.

Brady Signals Tax Bill May Ease Curbs on PABs
House Ways and Means Chairman Kevin Brady has indicated that there's "agreement" that private activity bonds play an important role in economic development, but that they've "drifted far afield from their original mission."

NMTC Report Details Major Investments to Struggling American Communities
The New Markets Tax Credit Coalition has published a new report on the economic impact of the New Markets Tax Credit (NMTC) from 2003 to 2015. The report analyzed U.S. Department of Treasury data and survey data from 5,000 projects financed by the Credit.

Upcoming Events
Fundamentals of Economic Development Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Illinois Conduit's Slate is Full Amid Tax Reform Threats
The Illinois Finance Authority board is expected to clear $1.26 billion of deals at its meeting Thursday as borrowers rush to market ahead of federal tax legislation that is likely to end advance refundings and might strip not-for-profits of their tax-exempt borrowing powers.

Connecticut Transportation Crisis May Drive Bond Strategy Change
Sharp cuts in capital spending and a switch to more general obligation borrowing are among contingencies as Connecticut officials look to grasp a transportation funding crisis.

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.

Upcoming Webcasts

CDFA // BNY Mellon Webcast Series: Crowdfunding Small Business Development
December 19, 2017 - 1:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, our expert speakers will discuss the basics of crowdfunding, provide legislative updates, and even provide examples of successful programs from around the nation.

This Week's Headlines

Highland Park, IL Approves New TIF District
Highland Park Patch | Dec. 14 | Tax Increment Finance (TIF)

$450K Forgivable Loan Supports Expansion of MN Manufacturer
MN DEED | Dec. 14 | Access to Capital

Tax Credit use Lags Projections
Smart Incentives | Dec. 14 | Tax Credits

Farmersville, CA, Seeks USDA Loan for $18M Wastewater Plant
The Foothills Sun-Gazette | Dec. 14 | Water Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)

State of KY Earned $8B in Investments During 2017
The Lane Report | Dec. 13 | Economic Development

City Needs Schools, County to Back TIF
South Strand News | Dec. 13 | Community Development | Tax Increment Finance (TIF)

House Republican Tax Plan Could Kill Medical Facilities Projects, Affordable Housing Programs
Independent Record | Dec. 12 | Bond Finance | Legislative

Apartment Project Approved for Bonds, Historic School to Come Down
The River City News | Dec. 12 | Bond Finance | Community Development

GOP Under Pressure on Bond Issue in Tax Bill
The Hill | Dec. 12 | Bond Finance | Legislative

City Working on Water Project Bonds
Washinton Times Herald | Dec. 11 | Bond Finance | Water Finance

The City of Philadelphia Airport Revenue Bonds – $721M
MuniNet | Dec. 11 | Bond Finance | Infrastructure Finance

Round Rock Council Approves Engineering Contracts to Address Flooding
Statesman | Dec. 11 | Bond Finance | Infrastructure Finance

Campbell's Market Funded by 'Healthy Food for Ohio' Program
PR Newswire | Dec. 11 | Food Systems Finance

Hudson Valley AgriBusiness Development Corp. Wins Federal Funding
Daily Freeman News | Dec. 11 | Federal | U.S. Economic Development Administration (EDA) | Agriculture Finance | Food Systems Finance

Hospitals May Lose Project Fund Aid
Watertown Daily Times | Dec. 11 | Bond Finance | Legislative

$12M NMTC Investment Supports South FlL Museum and Bishop Planetarium
Florida Community Loan Fund | Dec. 11 | Tax Credits

$30M KEDFA Incentives Will Support KY Battery Maker
The Lane Report | Dec. 11 | Incentives

WI GOP Lawmakers Seeking to Raise State Historic Tax Credit Cap
Wisconsin State Journal | Dec. 8 | Historic Preservation | Tax Credits

Who Are the Largest SBA Lenders in KY?
Louisville Business First | Dec. 8 | Access to Capital

National Sponsor Spotlight

Business Oregon Business Oregon
Business Oregon works to create, retain, expand and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding and support of economic opportunities for Oregon companies and...
CohnReznick CohnReznick
With origins dating back to 1919, CohnReznick is the 11th largest accounting, tax and advisory firm in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's...
FBT Project Finance Advisors LLC FBT Project Finance Advisors LLC
FBT Project Finance Advisors LLC, a consulting affiliate of the law firm of Frost Brown Todd, acts as an independent registered municipal advisor and assists government entities and borrowers in creating the best financing solutions for projects in...

Partner Spotlight

Institute of Economic Development (IED) - United Kingdom Institute of Economic Development (IED) - United Kingdom
The Institute of Economic Development (IED) is the UK's leading independent professional body representing economic development and regeneration practitioners. Established over 30 years ago, the IED's key objective is to represent the interests of...

CDFA Bookstore

Cover thumbnail Practitioner's Guide to Economic Development Finance 2nd Edition
The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities.

New Members

Lakewood Reinvestment Authority - Lakewood, CO

Initiative Foundation - Little Falls, MN

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 about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.

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

Install CDFA's iOS appInstall CDFA's Android app


Displaying 1 - 50 of 453

December 14, 2017
December 7, 2017
November 30, 2017
November 23, 2017
November 16, 2017
November 9, 2017
November 2, 2017
October 26, 2017
October 19, 2017
October 12, 2017
October 5, 2017
September 28, 2017
September 21, 2017
September 13, 2017
September 6, 2017
August 31, 2017
August 24, 2017
August 17, 2017
August 10, 2017
August 3, 2017
July 27, 2017
July 20, 2017
July 13, 2017
July 6, 2017
June 29, 2017
June 22, 2017
June 15, 2017
June 8, 2017
June 1, 2017
May 25, 2017

CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • Miles & Stockbridge P.C.
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
Become a Sponsor