Technical Assistance


Development Finance Review Weekly - May 19, 2022

Having trouble viewing this newsletter? View it online.
Development Finance Review Weekly
May 19, 2022
View Archives
CDFA Development Finance Review Weekly


CDFA is Turning 40 - Tell Us How We're Doing!
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!

Feinstein, Kelly, Sinema Introduce Bill to Increase, Modernize Water Supply
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.

Solar and Affordable Housing Developments: What You Need to Know
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.

CDFA SSBCI Briefing on Technical Assistance Guidelines
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.

Join Us for Exploring Equitable Capital Technology (EC-Tech) in Development Finance
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.

Greenland Technologies Selects Maryland OZ for Manufacturing Expansion
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.

Asheville and Charlotte Airports in North Carolina Get Approval on Over $1.5B in Financing
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.

President Biden Announces New Actions to Ease the Burden of Housing Costs
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.

ARPA Final Rule – The "B-sides collection": Seeding Revolving Loan Funds
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.

Upcoming Events
Intro Housing Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

Market Volatility Blunts Impact of Illinois' Ratings Upswing in Primary Outing
Illinois priced $1.64 billion of general obligation debt Wednesday at spreads on par with current trading levels that have more than doubled this year due to market turmoil despite a round of upgrades.

SEC's Sanchez Offers Guidance on ESG
The SEC's 2020 guidance on voluntary disclosures related to COVID-19 has received mostly positive marks from the market, but the Commission may be considering expanding some of the provisions on cautionary language going forward.

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. The Bond Buyer offers CDFA State and Local Members a 55% discount off of the Issuer Rate. Contact CDFA for more information.

Upcoming Webcasts

Exploring Equitable Capital Technology (EC-Tech) in Development Finance
Tuesday, May 24, 2022 - 2:00 PM - 3:00 PM Eastern
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. Equitable capital technology (or EC-Tech) is emerging as a driver of unlocking capital for small and medium-sized businesses not fit for venture capital, nor large enough for a traditional bank loan.

CDFA Infrastructure Finance Learning Series: Building the Foundation for Infrastructure Projects
Tuesday, May 31, 2022 - 1:00 PM - 4:00 PM Eastern
This installment will help attendees set up their infrastructure projects to be competitive in securing funds and impactful for their community's future.

CDFA Food Systems Finance Webinar Series: Driving Investment in Regional Food Supply Chains
Tuesday, June 7, 2022 - 2:00 PM - 3:30 PM Eastern
During this installment of the CDFA Food Systems Finance Webinar Series, we will explore opportunities to access capital and leverage federal funds to support new investments in regional infrastructure for food aggregation, processing, storage, and more.

Job & RFP Postings

CRA-Chief Financial Officer Position Seeking
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.

RDF-Director of Affordable Housing Finance
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.

This Week's Headlines

Advocates of Bipartisan Infrastructure Bill Highlight How It Benefits Wisconsin
Wkow.com | May. 19 | Community Development | Infrastructure Finance

White House Looks to Help Smaller Cities Get Infrastructure Boost
Reuters | May. 19 | Community Development | Economic Development | Infrastructure Finance | Rural Development

Al Gore's Generation Investment Launches $1.7B Fund
U.S. News | May. 18 | Access to Capital | Economic Development | Green Finance | Resiliency

Communities Across Maine Secure $24.2M to Address Contaminated Sites
centralmaine.com | May. 17 | Access to Capital | Brownfield Financing | Economic Development | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

South Dakota Announces More Than $98M for Environmental Projects
South Dakota State News | May. 17 | Access to Capital | Community Development | Economic Development | Infrastructure Finance | Revolving Loan Funds (RLFs) | Water Finance

$3.9M Grant for Rockford, IL Brownfield Cleanup Projects
WIFR | May. 17 | Access to Capital | Brownfield Financing | Infrastructure Finance | Revolving Loan Funds (RLFs) | U.S. Environmental Protection Agency (EPA)

Anderson, IN City Council Gives Initial Approval to $6M Bond to Buy Flagship Building
The Herald Bulletin | May. 16 | Bond Finance

Blue Core Labs Establishes Operations in Beaver, UT
Area Development | May. 16 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

Bond Projects, Levy Renewals on the Ballot for 15 Oregon School Districts, Community Colleges
OPB | May. 16 | Bond Finance

Borough, School District in Alaska Finalizing $65M Bond Package
Peninsula Clarion | May. 16 | Bond Finance | Infrastructure Finance

Historic Downtown Grand Island Building in Lincoln, NE Coming ‘Back to Life'
Lincoln Journal Star | May. 16 | Economic Development | Historic Preservation | Redevelopment | Tax Increment Finance (TIF)

Scott County, MO R-4 School District Approves Sale of $6.5M Bonds
Standard Democrat | May. 16 | Bond Finance

State Agencies Prepare to Spend Billions on Infrastructure Development
Wyoming Business Insider | May. 16 | Federal | Infrastructure Finance | Rural Development

$6.5M for Projects in Lafayette County, FL
Florida Daily | May. 16 | Infrastructure Finance | Rural Development

Brownfield Plan Adopted for Downtown Sturgis, SD Development
Sturgis Journal | May. 13 | Redevelopment | Rural Development | Tax Increment Finance (TIF)

Council Majority Supports Farmer Seed Redevelopment Subsidy in Faribault, MN
Faribault Daily News | May. 13 | Infrastructure Finance | Redevelopment | Tax Increment Finance (TIF)

The NMTC Program: An Underutilized Opportunity for Indian Country
Holland & Knight | May. 13 | Federal | Rural Development | Tax Credits | Tribal Finance | U.S. Dept. of Treasury CDFI Fund

USDA Awards $600K for Southeast Ohio
Sherrod Brown | May. 13 | Access to Capital | Community Development | Rural Development | U.S. Dept. of Agriculture (USDA)

National Sponsor Spotlight

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...
Raza Development Fund Raza Development Fund
Raza Development Fund invests capital and creates financial solutions to increase opportunities for the Latino and poor families across the country.
Stern Brothers Stern Brothers
Stern Brothers is the nation's largest certified 100% woman-owned business enterprise ("WBE") investment bank. As one of the few remaining independent, private investment banks in the country, they provide successful Underwriting, Private Placement,...

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 web site, e-newsletters and alerts, and daily print edition, The Bond Buyer reaches more than 25,000...

CDFA Bookstore

Cover thumbnail Advanced Tax Increment Finance Reference Guide 2nd Edition
The Advanced Tax Increment Finance Reference Guide builds upon CDFA's introductory offerings by exploring in-depth the complexities and transformative potential of tax increment financing.

New Members

Accelerator for America - Covina, CA

Jefferson County Economic Development - Jefferson, WI

Town of Gilbert - Gilbert, AZ

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 683

May 19, 2022
May 12, 2022
May 5, 2022
April 28, 2022
April 21, 2022
April 14, 2022
March 31, 2022
March 24, 2022
March 17, 2022
March 10, 2022
March 3, 2022
February 24, 2022
February 17, 2022
February 10, 2022
February 3, 2022
January 27, 2022
January 20, 2022
January 13, 2022
January 6, 2022
December 30, 2021
December 23, 2021
December 16, 2021
December 9, 2021
December 2, 2021
November 25, 2021
November 18, 2021
November 11, 2021
November 4, 2021
October 28, 2021
October 21, 2021

CDFA National Sponsors

  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd LLC
  • gener8tor
  • 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
  • Stern Brothers
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Z. The Bond Buyer
Become a Sponsor