CDFA is celebrating its 40th anniversary this year - that's four decades of development finance programming. As we plan for the coming years, I'd love to know your thoughts both on what we're doing now and what you'd like to see us do in the future. By joining the survey, you'll get a 50% off discount code to the CDFA Bookstore!

Senators Dianne Feinstein (D-Calif.), Mark Kelly (D-Ariz.) and Kyrsten Sinema (D-Ariz.) yesterday introduced S.4231, the Support to Rehydrate the Environment, Agriculture and Municipalities Act or STREAM Act, a bill that would increase water supply and modernize water infrastructure in California and throughout the West.

Both housing developers and underserved communities alike can benefit from increasing public funding opportunities for solar. As interest in projects that address environmental, social and governance aspects of investment continues to grow, integrating renewable energy in affordable housing projects can provide significant sustainability benefits to developers, municipalities, and end users.

During this webinar, CDFA and a representative from the U.S. Department of the Treasury will provide an overview of the information included in the guidelines released on April 28, when Treasury announced plans to deploy $300 million of the $500 million allocated for the State Small Business Credit Initiative Technical Assistance Grant Program.

CDFA is launching our new Equitable Capital Technology Initiative, which will combine technology solutions with training and technical assistance for lenders to help increase the flow of capital to minority entrepreneurs. This webinar will showcase early adopters of the approach and include discussion among these leaders who are driving EC-Tech's emergence.

Maryland Governor Larry Hogan announced that Greenland Technologies Holding Corporation, a technology developer and manufacturer of electric industrial vehicles, has selected Baltimore County for the next phase of the company's major U.S. expansion. To support its expansion, the company will utilize the state's More Jobs for Marylanders program.

The North Carolina Local Government Commission (LGC) approved over $1.5 billion in financing for local government projects across the state during the commission's May 3 meeting. The approved financing is around $900 million for infrastructure improvements for airports in Asheville and Charlotte.

The Biden administration announced its Housing Supply Action Plan to close the housing supply shortfall in five years, including the creation and preservation of hundreds of thousands of affordable homes in the next three years. The plan calls for investments in housing production and preservation, such as those outlined in the House reconciliation bill to increase the annual low-income housing tax credit allocation cap and create the Neighborhood Homes Tax Credit.

This updated and revised discussion from Bricker & Eckler addresses capitalizing a local government's new RLF with individual, discrete loans and now incorporates late-April guidance from Treasury. A local government may seed a RLF with its ARPA funds, so long as the resulting loans are for uses that are otherwise eligible under ARPA.

The City of Memphis and Shelby County Community Redevelopment Agency (CRA) is seeking a Chief Financial Officer (CFO). This position plays a critical role in the leadership of the CRA and is charged with ensuring effective management and investment of the CRA's financial resources in support of the strategic vision for the agency as defined by the Board of Directors and the President. Compensation commensurate with experience. The CRA offers a competitive salary and benefits package. Please e-mail cover letter and resume to Andrew Murray, AICP at Andrew.Murray@CRAMemphis.org.

Raza Development Fund has created a new position, Director of Affordable Housing Finance, for which the fund is seeking passionate, qualified applicants. The selected candidate will be responsible for establishing and maintaining a trusted national network of affordable housing stakeholders while furthering the fund's mission to invest capital and create financial solutions to increase opportunities for Latino and poor families and children.

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