Technical Assistance


Development Finance Review Weekly - April 18, 2024

Having trouble viewing this newsletter? View it online.
Development Finance Review Weekly
April 18, 2024
View Archives
CDFA Development Finance Review Weekly


Join Us for the Next Session of the CDFA Food Systems Finance Webinar Series
On Tuesday, April 30, we will have a great discussion on Financing Food Systems with Revolving Loan Funds (RLFs). Panelists will discuss how RLFs can be used to support small businesses, entrepreneurs, and microenterprises to strengthen local and regional food systems. The discussion will also identify how these tools can help unlock affordable capital for socially disadvantaged farmers and ranchers. Now is the time to learn how to provide access to capital for small food and agriculture businesses!

Lone Star PACE Administers $11.3M C-PACE Financing for Downtown Houston, TX Hotel
Lone Star PACE, a leading administrator of Texas' property assessed clean energy program, announced it facilitated an $11.3 million C-PACE loan for a 17-story, dual-branded hotel planned for Downtown Houston. Lone Star PACE worked with the project's sponsor, Neway Hospitality, an experienced hotel developer, owner, and operator with a deep track record in the Houston market, to secure the loan.

USDA Partners With Reinvestment Fund to Increase Equitable Access to Healthy Foods
The U.S. Department of Agriculture (USDA) is partnering with the Reinvestment Fund to help organizations strengthen local food financing programs and improve access to healthy foods in underserved communities across the country. Through funding made available primarily by President Biden's American Rescue Plan, Reinvestment Fund has selected 16 public-private partnerships to receive $40.3 million in grants under the Healthy Food Financing Initiative (HFFI) Local & Regional Healthy Food Financing Partnerships Program to expand access to nutritious and affordable foods in 20 states and Washington, D.C.

Kentucky Creates New Regional Authority for Economic Development
Kentucky signed House Bill 712, establishing the Kentucky Ohio River Regional Recreation Authority (KORRA). When the law takes effect, counties east to west will have a chance to join the new agency authorized to build recreation and economic development opportunities along the Kentucky side of the Ohio River.

North Carolina Housing Finance Authority to Issue $750M Bond for Affordable Housing
The Local Government Commission approved the North Carolina Housing Finance Agency's request for $750 million in revenue bonds to address the nearly 200,000-home gap of affordable rental housing across the state. The agency is using the approved bond money to finance its NC 1st Home Advantage Down Payment program. This program provides a $15,000 down payment assistance to first-time home buyers and military veterans.

Wurwand Foundation and WEV Partner to Support Small Business Owners in California
Philanthropic giving emerges as a powerful tool not only to support these local enterprises but also to cultivate resilience within the community at large. Recognizing the challenges faced by women, immigrant, and BIPOC business owners in obtaining working capital, Wurwand Foundation granted funds to Women's Economic Ventures (WEV) to be deployed as revolving loan capital to small business owners in Southern California.

New Jersey Economic Development Authority Creates New Jersey Green Bank
The New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state's efforts to make an equitable transition to 100 percent clean energy. The NJGB will make investments through debt, credit enhancements, and other financial vehicles to attract private capital to enable the state to reach its climate goals.

Maryland Commits $2M in SSBCI Funds for Small Business Lending in Baltimore
The Maryland Department of Housing and Community Development announced a $2 million commitment to City First Enterprises through the Neighborhood BusinessWorks Loan to Lender program. The funds will support small business lending in communities within the Baltimore-Washington metro area. The program is part of the State Small Business Credit Initiative (SSBCI), through which Maryland is deploying up to $198 million in federal relief.

Upcoming Events
Intro Revolving Loan Fund WebCourse
Upcoming Webcasts

CDFA Tribal Finance Webinar Series: Empowering Native Entrepreneurs Through Access to Capital
April 23, 2024 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Tribal Financing Webinar Series, practitioners will present strategies and highlight finance programs that are helping to increase access to capital and aiding the creation of successful small businesses.

CDFA Food Systems Finance Webinar Series: Financing Food Systems with Revolving Loan Funds
April 30, 2024 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Food Systems Finance Webinar Series, panelists will discuss how revolving loan funds can be used to support small businesses, entrepreneurs, and microenterprises to strengthen local and regional food systems. The discussion will also identify how these tools can help unlock affordable capital for socially disadvantaged farmers and ranchers.

SSBCI Learning Series - Leveraging SSBCI for the Greenhouse Gas Reduction Fund
May 7, 2024 - 2:00 PM - 4:00 PM Eastern
Creating new and expanding existing small businesses will be critical to the success of the Greenhouse Gas Reduction Fund (GGRF). During this session, panelists will provide insights on how local SSBCI practitioners can leverage SSBCI to bring GGRF dollars to their communities.

This Week's Headlines

How to Take Advantage of Transferability of Tax Equity Through the Inflation Reduction Act
Thomson Reuters | Apr. 17 | Energy Finance | Internal Revenue Service (IRS) | Tax Credits

Louisiana Mayor-President Releases Plan to Revise River Center With P3 Funding
WBRZ2 | Apr. 17 | Public-Private Partnership (P3) Financing

Pennsylvania DOT Accepting Proposals for Public-Private Partnerships
Pennsylvania Business Report | Apr. 17 | Infrastructure Finance | Public-Private Partnership (P3) Financing

Understanding the Greenhouse Gas Reduction Fund
Next City | Apr. 17 | Energy Finance | Green Finance | Legislative | U.S. Environmental Protection Agency (EPA) | Greenhouse Gas Reduction Fund

USDA Rural Development Invests $1.1M for Affordable Housing in Oregon
North Coast Citizen | Apr. 17 | Housing Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Applications Open for Second Round of Alabama Meat Processing Program
WAAY31 | Apr. 16 | Access to Capital | Food Systems Finance | Revolving Loan Funds (RLFs) | U.S. Dept. of Agriculture (USDA)

Beatrice, Nebraska and Main Street Beatrice Start RLF for Workforce Housing
NCN Northeast | Apr. 16 | Community Development | Housing Finance | Rural Development

NeighborWorks Capital, National Equity Fund Announce LIHTC Equity Fund to Empower Partner Organizations
PR Newswire | Apr. 16 | Housing Finance | Tax Credits | Low Income Housing Tax Credits (LIHTCs)

Oklahoma City, OK Schools Approves $500M Agreement for Bond Construction Projects
News From the States | Apr. 16 | Bond Finance

State Green Banks to Receive 'Historic' Rush of Federal Funds
Bloomberg Law | Apr. 16 | Access to Capital | Energy Finance | Green Finance | Legislative | Public-Private Partnership (P3) Financing | U.S. Environmental Protection Agency (EPA)

$6.2M in Funding Available to Bolster North Carolina Food Supply Chain
Richmond Observer | Apr. 16 | Access to Capital | Food Systems Finance | State Finance Program

New Mexico's Opportunity Enterprise RLF Receives $125M to Address the Statewide Housing Crisis
Source NM | Apr. 15 | Community Development | Housing Finance | Revolving Loan Funds (RLFs)

Oregon Bill Provides $75M to Establish the Housing Project Revolving Loan Fund
Daily Emerald | Apr. 15 | Community Development | Housing Finance | Redevelopment | Revolving Loan Funds (RLFs)

U.S. DOT Awards $23.6M for Thriving Communities Program
U.S. Department of Transportation | Apr. 15 | Access to Capital | Infrastructure Finance | Legislative | Tribal Finance | U.S. Dept. of Transportation (DOT)

Louisiana Clean Water State RLF Seeks Eligible Projects
Bossier Press-Tribune | Apr. 12 | Community Development | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

USDA Invests $232M for Schools, Roads, Other Services
U.S. Department of Agriculture | Apr. 12 | Access to Capital | Development Finance Toolbox | Legislative | Rural Development | U.S. Dept. of Agriculture (USDA)

$600K ROE26 Grant Helping Strengthen Distance Learning in Western Illinois Rural Areas
WGEM | Apr. 12 | Community Development | Education | Rural Development

National Sponsor Spotlight

Alliant Insurance Services, Inc. Alliant Insurance Services, Inc.
Alliant Insurance Services makes the process of finding the right management liability and cyber liability insurance coverage quick and easy. With a history dating back to 1925, Alliant ranks among the largest insurance brokerage firms in the United...
NW Financial Group, LLC NW Financial Group, LLC
NW Financial Group LLC is the premier Financial Advisory / Municipal Underwriting firm in the Northeast whose experienced professionals provide unparalleled expert advice to States, Local Governments, and Authorities. The professionals that make up...
PGAV Planners, LLC PGAV Planners, LLC
PGAV is a global leader in planning, design, and development consultation to public, corporate, and institutional clients. For more than fifty years, PGAV has created unique approaches and solutions to community planning and development issues, and...

Partner Spotlight

The Bond Buyer The Bond Buyer
The Bond Buyer is the only independent information resource serving the municipal finance community. Every day and throughout the day, through its website, e-newsletters and alerts, and daily print edition, The Bond Buyer reaches more than 25,000...

CDFA Bookstore

Cover thumbnail Tax Credit Finance Reference Guide
The Tax Credit Finance Reference Guide provides an exploratory overview of how communities can use tax credit finance programs to support economic growth. This guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools.

New Members

Caldwell Sutter Capital, Inc. - Sausalito, CA

Charitable Ventures - Santa Ana, CA

City of Kyle - Kyle, TX

Philadelphia Green Capital Corp - Philadelphia, PA

St. Louis Economic Development Partnership - St. Louis, MO

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


Displaying 1 - 30 of 782

April 18, 2024
April 11, 2024
April 4, 2024
March 28, 2024
March 21, 2024
March 14, 2024
March 7, 2024
February 29, 2024
February 22, 2024
February 15, 2024
February 8, 2024
February 1, 2024
January 25, 2024
January 18, 2024
January 11, 2024
January 4, 2024
December 28, 2023
December 21, 2023
December 14, 2023
December 7, 2023
November 30, 2023
November 23, 2023
November 16, 2023
November 9, 2023
November 1, 2023
October 26, 2023
October 19, 2023
October 12, 2023
October 5, 2023
September 27, 2023

CDFA National Sponsors

  • Alliant Insurance Services, Inc.
  • BNY Mellon
  • 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
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor