About

Advocacy

Events

Membership

Sponsor

Education

Newsletters

Resources

Technical Assistance

×

Development Finance Review Weekly - April 8, 2021

Having trouble viewing this newsletter? View it online.
Development Finance Review Weekly
April 8, 2021
Subscribe
View Archives
CDFA Development Finance Review Weekly

Spotlight

Treasury Department Official to Speak on SSBCI Briefing This Friday
Treasury's Deputy Assistant Secretary of Capital Access, Adair Morse, will join this Friday's SSBCI Briefing to provide an overview of the SSBCI 2.0 implementation process and discuss the type of input Treasury is seeking from SSBCI stakeholders during the rulemaking process. CDFA has been engaging with Morse and her colleagues at Treasury since the authorization of SSBCI 2.0 to help inform program implementation.

Features

Treasury Releases Made in America Tax Plan Report
The U.S. Department of the Treasury released the Made in America Tax Plan Report to provide additional depth on the plan first announced last week as part of President Biden's American Jobs Plan. Importantly, this tax plan would generate new funding to pay for a sustained increase in investments in infrastructure, research, and support for manufacturing, fully paying for the investments in the American Jobs Plan over a 15-year period.

Federal Investment Guide to the American Rescue Plan
This report from Drexel University's Nowak Metro Finance Lab provides a guide to federal funding in the American Rescue Plan. The authors place a special emphasis on formula funds received by local anchors, competitive grants, and funds distributed to public authorities that city leadership can leverage to boost their recovery.

Addressing Chronic Homelessness Using Value Capture
Homelessness is not just an economic issue. It is far more complex, as people struggle with mental health issues, addiction, and a lack of help in recovering from these issues to become self-sufficient. This piece addresses how borrowing money and putting it to intensive use on interventions could improve outcomes in compassionate and efficient ways.

HUD Allocates Nearly $700M from Housing Trust Fund for Affordable Housing
On Tuesday, April 6, HUD announced the allocation of $689,565,492.92 through the nation's Housing Trust Fund for affordable housing. The Housing Trust Fund was launched in 2008 as an affordable housing production program that complements existing federal, state, and local efforts to increase and preserve the supply of decent, safe, and sanity affordable housing for low- and extremely low-income households, including families experiencing homelessness.

Washington TIF for Jobs Bill (ESHB 1189) Passed by State Senate
The TIF for Jobs bill, ESHB 1189, which was passed by the State House on March 3, was passed by the State Senate on Monday afternoon with a vote of 45-2. The bill still needs the House to vote yes on concurrence and the Governor to sign the bill into law.

Virginia LIHTC Incentive Enacted with $15M Annual Statewide Cap
Virginia Gov. Ralph Northam signed into law legislation creating a state low-income housing tax credit (LIHTC). S.B. 1197 creates the Virginia housing opportunity tax credit, which will have a $15 million annual allocation for five years, applying to taxable years beginning on or after Jan. 1, 2021.

USDA Seeks Input to Create a New Rural Renewable Energy Pilot Program
The U.S. Department of Agriculture announced it is requesting public input from interested parties, including potential customers and interested stakeholders, to help create a new Rural Renewable Energy Pilot Program. The Consolidated Appropriations Act, 2021 provided $10 million to USDA to develop a pilot program that provides financial assistance to rural communities to further develop renewable energy.

Upcoming Events
Intro Opportunity Zones Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Lumesis Brings On ICE Data Services' Yield Curve to Its Platform
Financial technology company Lumesis has brought on ICE Data Services' yield curve data sets to bring another layer of information for its municipal bond clients, the firm announced on Monday. The tax-exempt ICE Municipal Yield Curve and spreads for all underlying trades are available to Lumesis customers using its DIVER New Issue and Secondary Pricing services.

Ohio Shuts Off Valve to Tainted $1B Bailout
Ohio formally put an end to the $1 billion ratepayer bailout for two nuclear power plants owned by then-bankrupt FirstEnergy Solutions Corp. at the center of a $60 million pay-to-play scheme that led to the arrest of Ohio House Speaker Larry Householder on federal corruption charges. Gov. Mike DeWine last week signed a partial repeal - House Bill 128.

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 SSBCI Briefing
Friday, April 9, 2021 - 1:00 PM - 2:00 PM Eastern

CDFA Food Systems Finance Webinar Series: Financing Food-Centered Redevelopment
Tuesday, April 13, 2021 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Food Systems Finance Webinar Series, we will explore how investing in food-centered redevelopment can restore local food systems infrastructure, catalyze additional neighborhood development, and protect healthy, sustainable communities.

CDFA // BNY Mellon Development Finance Webcast Series: Social Impact Investing Credit Ratings for CDFIs
Tuesday, April 20, 2021 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Webcast Series, we will explore how CDFIs, by obtaining a credit rating, can demonstrate the value of making social impact investments.

Job & RFP Postings

Invest Atlanta Seeking Public Relations Specialist
Invest Atlanta is seeking a professional with three or more years of public relations experience to assist with expanding our outreach to key stakeholders, primarily through the media, executive visibility, content development, events, and other initiatives. The Public Relations Specialist will be a key member of Invest Atlanta's Marketing and Communications team.

This Week's Headlines

Fitch Publishes Updated U.S. Public Finance Tax-Supported Rating Criteria
Fitch Ratings | Apr. 7 | Bond Finance | Infrastructure Finance

EDA Awards $29M in SPRINT Challenge Grants to Respond to Coronavirus Pandemic
U.S. EDA | Apr. 6 | Disaster Recovery & Relief | Federal | Innovation Finance | U.S. Dept. of Commerce (DOC) | U.S. Economic Development Administration (EDA) | COVID-19

USDA Seeks Applications for Distance Learning and Telemedicine Grants
USDA Rural Development | Apr. 6 | Education | Federal | Healthcare | Innovation Finance | Rural Development | U.S. Dept. of Agriculture (USDA)

Biden Proposes American Jobs Plan: Renewable Energy Initiatives
McGuireWoods LLP | Apr. 5 | Energy Finance | Green Finance | Legislative

Downtown Kansas City YMCA Opening in Phases: Look Inside This ‘Legacy Moment'
FOX4 | Apr. 5 | Community Development | Foundations | Tax Increment Finance (TIF)

Important Information on the Restaurant Revitalization Grant Program
Mondaq | Apr. 5 | Access to Capital | Disaster Recovery & Relief | Federal | Food Systems Finance | U.S. Small Business Administration (SBA) | COVID-19

USDA Announces Funding for Organizations to Assist Disadvantaged Farmers and Ranchers
USDA | Apr. 5 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Social Finance | U.S. Dept. of Agriculture (USDA) | COVID-19

Minority Entrepreneurs Struggled to Get Small-Business Relief Loans
The New York Times | Apr. 4 | Access to Capital | Disaster Recovery & Relief | Federal | Revolving Loan Funds (RLFs) | COVID-19

House Bill Would Bar 'Racial Favoritism' at USDA
Successful Farming | Apr. 2 | Agriculture Finance | Legislative | Revolving Loan Funds (RLFs) | Social Finance | U.S. Dept. of Agriculture (USDA)

How Addressing Hawaii's Affordable Housing Crisis Could Help Farming Efforts
Honolulu Civil Beat | Apr. 2 | Access to Capital | Agriculture Finance | Community Development | Housing Finance | Revolving Loan Funds (RLFs)

Montgomery County, NY Set for $300K EPA Brownfields Grant for Clean-Up
The Recorder | Apr. 2 | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA) | EPA Clean-Up Grants

The American Rescue Plan Provides Significant Debt Relief to Minority Farmers
JD Supra | Apr. 2 | Agriculture Finance | Disaster Recovery & Relief | Food Systems Finance | Legislative | Revolving Loan Funds (RLFs) | Social Finance | COVID-19

Arcadia Project Receives $50K Brownfields Grant for Asbestos Remediation in Staunton, VA Theater
The News Leader | Apr. 1 | Brownfield Financing | State Finance Program

Merchants Capital Secures $21M in Financing for Workforce Housing Property in Indiana
Rebusiness Online | Apr. 1 | Bond Finance | Food Systems Finance | Housing Finance | Opportunity Zones | Tax Increment Finance (TIF)

The American Jobs Plan From a Real Estate Investor Perspective
Million Acres | Apr. 1 | Brownfield Financing | Federal | Housing Finance | Infrastructure Finance | Legislative


New Additions to the Online Resource Database

Made in America Tax Plan Report
Economic Development | Energy Finance | Green Finance | Infrastructure Finance | Legislative | Tax Credits
The Made in America Tax Plan Report describes President Biden's Made in America tax plan, part of the newly announced American Jobs Plan. Importantly, this tax plan would generate new funding to pay for a sustained increase in investments in infrastructure, research, and support for manufacturing, fully paying for the investments in the American Jobs Plan over a 15-year period and continuing to generate revenue on a permanent basis.

American Rescue Plan: Federal Investment Guide
Access to Capital | Agriculture Finance | Brownfield Financing | Community Development | Disaster Recovery & Relief | Economic Development | Education | Energy Finance | Food Systems Finance | Healthcare | Housing Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | Social Finance | Urban Development
This report from Drexel University's Nowak Metro Finance Lab provides a guide to federal funding in the American Rescue Plan (ARP). The authors place a special emphasis on formula funds received by local anchors, competitive grants, and funds distributed to public authorities that city leadership can leverage to boost their recovery. They clarify which entities are responsible for applying for grant funds, when funding expires, and what role city and county leadership can play even when they will not be the primary applicant for funds.

One Year into the Pandemic: New Evidence on How Small Businesses are Faring
Access to Capital | Disaster Recovery & Relief | Webcasts
The Urban Institute hosted this discussion about how small businesses are faring one year after the start of widespread economic shutdowns due to the pandemic. The webinar explored the disconnect between the fall in business activity and revenues, and generally positive small business credit and debt patterns. It also discussed what roles governments and philanthropic entities should play, including what work is needed to ensure businesses historically excluded from access to capital can have a prosperous future.

Summary of State and Local Funding Sources in the American Rescue Plan
Access to Capital | Agriculture Finance | Brownfield Financing | Community Development | Disaster Recovery & Relief | Economic Development | Education | Energy Finance | Food Systems Finance | Healthcare | Housing Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | Rural Development | Social Finance | Urban Development
This table includes all the federal-to-local funding streams in the American Rescue Plan that reach cities and their residents. It does not include appropriations to Tribal Governments or Agency appropriations focused on program operations at the federal level with no further sub-allocation. It is a dynamic summary to be paired with the Federal Investment Guide produced by Accelerator for America, Drexel University, and the US Conference of Mayors.


National Sponsor Spotlight

Kutak Rock LLP Kutak Rock LLP
Kutak Rock LLP is a national law firm of more than 500 lawyers with offices from coast to coast. Their firm serves local, regional and national clients in a practice that spans a wide range of disciplines. They encourage their attorneys to take...
McGuireWoods McGuireWoods
With 1000 lawyers and 21 strategically located offices worldwide, McGuireWoods LLP uses client-focused teams to serve public, private, government, and nonprofit clients from virtually every area of the law. To complement their services, they offer...
MuniCap, Inc. MuniCap, Inc.
MuniCap, Inc. is a public finance consulting firm based in Columbia, Maryland that specializes in the public finance aspects of redevelopment. MuniCap is headquartered in Columbia, Maryland, with additional offices located in Dallas, Texas,...

CDFA Bookstore

Cover thumbnail Revolving Loan Fund Reference Guide
The Revolving Loan Fund Reference Guide offers an in-depth look at RLF program development, implementation and management. This guide demonstrates how an RLF program can complement economic development strategies, encourage investment and assist traditionally underserved businesses.

New Members

Connecticut Innovations, Inc. - New Haven, CT

Duane Morris Government Strategies - Pittsburgh, PA

Meda - Minneapolis, MN

Mission West Community Development Partners - Ronan, MT

Northside Community Development Fund - Pittsburgh, PA

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
info@cdfa.net

Archives

Displaying 1 - 30 of 626

April 8, 2021
April 1, 2021
March 25, 2021
March 18, 2021
March 11, 2021
March 4, 2021
February 25, 2021
February 18, 2021
February 11, 2021
February 4, 2021
January 28, 2021
January 21, 2021
January 14, 2021
January 7, 2021
December 31, 2020
December 24, 2020
December 17, 2020
December 10, 2020
December 3, 2020
November 26, 2020
November 19, 2020
November 12, 2020
November 5, 2020
October 29, 2020
October 22, 2020
October 15, 2020
October 8, 2020
October 1, 2020
September 24, 2020
September 17, 2020




CDFA National Sponsors

  • Baker Tilly Virchow Krause
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Fifth Third Bank
  • 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
  • SB Friedman Development Advisors
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor