Development Finance Review Weekly - May 14, 2026
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| Spotlight |
Take Advantage of the CDFA Opportunity Zones Hub!
The CDFA Opportunity Zone Resource Hub includes OZ resources and latest news, helping communities throughout the country become OZ Ready. Many Opportunity Zone updates will occur throughout 2026 as Opportunity Zone 2.0 designations become official. This Resource Hub is regularly updated to help you stay in the know with all things Opportunity Zones. Visit the Hub to learn more about CDFA's Education, Advocacy, Resources, and Networking opportunities centering on OZ 2.0!
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| Features |
CDFA Foundation Announces 2026 Class of Caren S. Franzini Fellowship
The CDFA Foundation and CDFA are honored to announce the 2026 Class of the Caren S. Franzini Fellowship. Join us in congratulating Aubrey Flanagan, Synthia Isah, Jill Kohles, Madelyn Rawl, and Angelique Serrano. Over the next six months, the fellows will explore development finance best practices, education, and advocacy, and collaborate on a project of significance to the industry.
CDFA Recognizes Preston Frick, DFCP
CDFA is pleased to announce Preston Frick, Manager at the Council of Development Finance Agencies, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Mr. Frick joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.
Join CDFA's Housing Finance Week Courses: 2 Levels Over 3 Days
CDFA is proud to announce that our Housing Finance Week will be held on June 23-25, 2026, where we'll discuss the most pressing issues in housing finance and what you need to know to have a successful housing finance strategy. This is your chance to expand your knowledge base at either the Intro Housing Finance Course on June 23-24 or the Advanced Housing Finance Course on June 25, or both!
Columbia Credit Outlook Downgraded to ‘Negative' as University Prepares to Sell $485M in Bonds
As Columbia prepares to issue $485M in bonds to fund capital projects this month, the University's prime credit rating may be under threat. Moody's Ratings, a prominent credit rating agency, downgraded Columbia's credit outlook from "stable" to "negative," citing federal regulatory shifts and Columbia's lower cash reserves compared to peer institutions. Despite downgrading the University's credit outlook, Moody's affirmed Columbia's AAA credit rating—the highest the firm issues—for the upcoming bond sale.
Federal Home Loan Bank Deployed $1.1B to Housing and Community Investment in 2025
The Federal Home Loan Bank System deployed more than $1.1 billion toward affordable housing and community development initiatives in 2025, underscoring the system's expanding role in addressing housing affordability challenges while continuing to serve as a critical liquidity backstop for U.S. financial institutions.
Bipartisan Lawmakers Push for NEPA Overhaul
A bipartisan proposal to expedite the permitting of transmission lines and other critical infrastructure must be enacted this year, the chairman of the House Natural Resources Committee and his Democratic colleague said in a new podcast hosted by the Edison Electric Institute (EEI).
USDA Requires SNAP Authorized Retailers to Carry More Real Food
The USDA published the final rule regarding stocking standards for retailers participating in the Supplemental Nutrition Assistance Program (SNAP), ensuring a broader variety of nutritious food is available to SNAP participants at authorized retailers across the country. Retailers authorized to accept SNAP benefits must now carry seven varieties of items across four categories of staple foods: protein, grains, dairy, and fruits and vegetables.
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| Upcoming Events |

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| Upcoming Webcasts |
CDFA Opportunity Zones Learning Series: New Developments, Tract Selection, and Leveraging Bonds
May 14, 2026 - 1:00 PM - 2:30 PM Eastern
This session will highlight tract selection trends and provide practical guidance for preparing communities and aligning selections with local economic priorities. Attendees will also learn how to structure bond programs to attract and secure Opportunity Zone investments.
CDFA // BNY Development Finance Webcast Series: Bonds for Small Business and Entrepreneurial Development
May 19, 2026 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will examine how bonds can finance small-business infrastructure, such as incubators and co-working spaces, to strengthen entrepreneurial ecosystems and job creation..
SSBCI Coalition Meeting - Virtual
May 22, 2026 - 1:00 PM - 2:00 PM Eastern
CDFA's SSBCI Coalition brings together practitioners nationwide for monthly updates, best practices, and collaborative problem-solving—ensuring members stay ahead of the SSBCI 2.0 deadlines and evolving program requirements.
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| Job & RFP Postings |
Maryland DHCD - Energy Administrative Assistant
The Energy Administrative Assistant performs administrative tasks for the energy programs, which includes receiving and distributing mail, answering incoming customer inquiries, and sending status updates to clients. This position interacts with customers on a daily basis, including assisting clients in person, by phone, and by email. Client concerns must be received, handled, and addressed according to standard operating procedures, and if necessary, should be escalated to the appropriate managers for resolution.
Invest Atlanta - Learning & Development (L&D) Manager
The ideal candidate is both strategic and hands-on. In addition to contributing to learning & development programs, the successful candidate is also responsible for administrative and operational support within the HR function, including, but not limited to, onboarding and offboarding. This position will collaborate with the HR team to ensure work is completed as required. Resumes should be submitted to: jobs@investatlanta.com.
Grow America - Commercial Loan Processor
This position is for a Commercial Loan Processor who will play a critical role in managing loan files from application through closing, ensuring accuracy, completeness, and compliance across all lending activities. This is an exciting opportunity for a highly organized and detail-oriented professional to support the end-to-end loan process, coordinate across internal and external stakeholders, and help deliver a seamless borrower experience. The Loan Processor will work under the supervision of the Director of Credit and collaborate closely with the Closing and Lending teams, while demonstrating strong independent judgment and ownership of their work.
Grow America - SBA 7(a) Analyst
The Credit Analyst will work under the supervision of the Director of Credit while exercising strong independent judgment and ownership over their work. This is an exciting opportunity for a detail-oriented and analytical professional to evaluate creditworthiness, structure loan recommendations, and manage a pipeline of credit requests. As a fully remote role, this position is best suited for a self-starter who is highly organized, dependable, and able to manage priorities independently while collaborating effectively across teams. The ideal candidate is a proactive solution finder who thrives in a flexible environment, demonstrates accountability, and consistently delivers high-quality work in a timely manner.
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| This Week's Headlines |
Build a Strong Financial Foundation - Webinar June 2
CLA | May. 13 | Education | Organizational Management
Strategies All Board Members and Nonprofit Leaders Should Know
CLA | May. 13 | Education | Organizational Management
Why Arts Organizations Still Lack Visibility and What Actually Fixes It
CLA | May. 13 | Community Development | Organizational Management
Applications Open for the 12th Annual Co-op Innovation Awards
Capital Impact Partners | May. 12 | Access to Capital | Community Development
Building Community through Free Outdoor Concerts - Webinar May 19
Main Street America | May. 12 | Community Development | Economic Development
Webinar: Investing in Rural America: Demystifying Capital Investment in Rural Communities
Richmond Center for Rural Economics | May. 12 | Access to Capital | Rural Development
Senate Republicans Release $72B Reconciliation Bill Funding ICE, CBP, and White House Security
National Low Income Housing Coalition | May. 11 | Federal | Legislative | U.S. Citizenship and Immigration Services (USCIS)
Native Contractors Press SBA Over 8(a) Approval Delays
Tribal Business News | May. 10 | Tribal Finance | U.S. Small Business Administration (SBA)
New Law Targets BIA Delays in Tribal Trust Land Mortgages
Tribal Business News | May. 10 | Federal | Housing Finance | Legislative | Tribal Finance
A Trump Council Recommends Overhauling FEMA
NPR | May. 8 | Infrastructure Finance | Resiliency
Congressional Hearing Reinforces Continued Scrutiny of Nonprofit Hospitals and Healthcare Systems
PwC | May. 8 | Healthcare | Legislative
Delaware Governor Signs Executive Orders Aimed at Supporting Small Businesses
Real News Talk | May. 8 | Community Development | Economic Development
Delaware Hopes to See Second Chance with Opportunity Zone Investment
Delaware Business Times | May. 8 | Economic Development | Infrastructure Finance | Opportunity Zones
Nebraska Approves Turnback Tax to Help Fund Union Omaha Soccer Stadium
wowt.com | May. 8 | Infrastructure Finance | Tax Credits | Tax Increment Finance (TIF)
Satellite Data to Development Finance: How Earth Observation is Scaling Impact Across World Bank Operations
World Bank Blogs | May. 8 | Agriculture Finance | Disaster Recovery & Relief | Economic Development | Energy Finance | Water Finance
The New Geography Of Defense Projects
Business Facilities | May. 8 | Innovation Finance | U.S. Dept. of Defense (DOD)
Three AgTech & Food Innovation Stocks to Watch as Food Systems Evolve
Yahoo Finance! | May. 8 | Agriculture Finance | Food Systems Finance | Innovation Finance
U.S. Senate Committee Set to Consider Long-Awaited Crypto Bill This Week
Reuters | May. 8 | Innovation Finance | Legislative
When Will Mortgage Rates Go Down Again? We're Waiting On a Mideast Resolution
yahoo!finance | May. 8 | Bond Finance | Housing Finance
Wind Projects are Stalled Because the Pentagon isn't Completing its Reviews
Associated Press | May. 8 | Energy Finance | Legislative
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| CDFA President's Club Spotlight |
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Colorado Housing and Finance Authority
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FBT Gibbons
FBT Gibbons LLP, a national law firm with 800 lawyers across 25 offices, is focused on serving companies operating and investing in the middle market. Our public finance team provides project and economic development insights and advice to borrowing...
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Grow America | Formerly NDC
NDC is now Grow America. In a time of unprecedented growth, we're proud to be the country's first and most dedicated community and economic development nonprofit. For over five decades, we have worked to improve the lives of millions of people...
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| CDFA Bookstore |
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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.
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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.
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Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net
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