Technical Assistance


Development Finance Review Weekly - December 7, 2023

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Development Finance Review Weekly
December 7, 2023
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CDFA Development Finance Review Weekly


Noelle Sheets Named New CDFA Foundation Director
Noelle Sheets has been named Director of the CDFA Foundation and assumed the organization's leadership duties. The Foundation's select programs drive inclusive engagement and access to capital for underserved communities, underrepresented borrowers, and industry newcomers. Consider donating today to support growing professionals.

How States Can Unlock Equitable Electrification with IRA Home Rebates
U.S. states, territories, and tribes are now able to apply for Inflation Reduction Act home energy rebate programs after the Department of Energy released program guidelines and application instructions in the summer of 2023. Nearly $4.5 billion is available for the Home Electrification and Appliance Rebates program, which can help low-income and historically underserved households electrify and weatherize their homes.

Join the Last BNY Mellon Webinar of 2023 on Financing Childcare Facilities With Bonds
As we approach the end of 2023, CDFA invites you to join our last BNY Mellon Webinar of the year on financing childcare facilities with bonds. Bond counsels and experts in the childcare industry will discuss the uniqueness and challenges faced in financing childcare facilities and examples of how bond financing can be used to support such businesses.

U.S. Department of Transportation Awards $220M for Rural Ferry Operations
The U.S. Department of Transportation's Federal Transit Administration (FTA) has confirmed the award of grants totaling $220.2 million from the Bipartisan Infrastructure Law to modernize the nation's ferry systems. The program focuses on expanding ferry service in rural communities, helping communities acquire modern ferry boats (including electric boats), and upgrading shore infrastructure to support low-emission ferry service.

CDFA Recognizes Jacques Delli Paoli as the Newest Graduate of DFCP Program
The Council of Development Finance Agencies is pleased to announce Jacques Delli Paoli, Community Development Program Manager at Four Directions Development Corporation, in Orono, ME, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Mr. Delli Paoli joins numerous fellow graduates who are recognized as distinguished leaders in the development finance industry.

Franklin County, OH Announces Urban Agriculture Critical Infrastructure Grant
Franklin Soil and Water Conservation District is excited to announce an Urban Agriculture Critical Infrastructure Grant in partnership with Franklin County Economic Development and Planning. This grant makes $150,000 of federal ARPA funding available to local growers. Each organization may apply for up to $15,000 of grant funding. This grant seeks to strengthen the local food supply chain and support local farmers.

California's IBank Adds $50M in SSBCI Funds for Venture Capital Access Program
California's Infrastructure and Economic Development Bank (IBank) announced an additional $50 million for a supplement fund designed to increase the effectiveness of its Expanding Venture Capital Access program. Launched in 2022, the program was designed to create a more inclusive VC ecosystem by supporting underrepresented fund managers and entrepreneurs. The program is funded by $200 million of California's $1.2 billion allocation from the State Small Business Credit Initiative (SSBCI).

Enterprise Raises $444M in Two LIHTC Funds
Enterprise Community Partners has announced the closing of two Low-Income Housing Tax Credit (LIHTC) funds that have raised a combined $444.5 million. Enterprise Housing Partners Funds XLI and XLII will help create or preserve 3,500 homes for nearly 9,200 households in 36 properties in 16 states. Enterprise estimates that investments from its latest LIHTC funds will create more than 5,200 new jobs and bring an estimated $795 million in wages, tax revenue, and business income to the surrounding communities.

Upcoming Events
Intro Federal Finance WebCourse
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

New York Thruway P3 Project Dinged Over Construction Delays
Two years into a public-private partnership to rebuild and take over the New York State Thruway Authority's service areas, the project is 225 days behind schedule, a delay that has led to a technical default and prompted Fitch Ratings to revise its outlook to negative from stable.

All Financing Options on Table for EPA's Lead Pipe Replacement Rule
Water systems will need to turn to municipal bonds, federal loans, state revolving funds, and federal legislative help to meet a new Environmental Protection proposal requiring water systems to replace all lead pipes within the decade. The EPA estimates there are 9.2 million lead pipes that would need to be replaced.

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

CDFA // BNY Mellon Development Finance Webcast Series: Financing Childcare Facilities with Bonds
December 19, 2023 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, experts will discuss challenges faced in financing childcare facilities and share examples of how bond financing can be used to support such businesses.

Job & RFP Postings

Maryland DHCD - Accounts Payable Supervisor
DFA is seeking a qualified enthusiastic candidate to fill a contractual Accounts Payable Supervisor position in its Finance Division. This position serves as the Accounts Payable Supervisor who is responsible to plan, supervise and evaluates the verification and recording of payments in the State Financial Management Information System.

Rhode Island Food Policy Council - Program Directors
The Rhode Island Food Policy Council (RIFPC) is seeking two NEW full-time, primarily remote program directors who want to contribute meaningfully to promoting a more equitable, accessible, economically vibrant, and environmentally sustainable food system in Rhode Island. Applications for these positions will be accepted until they are filled, but those received before December 18 at 5:00 PM ET will receive preference.

This Week's Headlines

CEDA Financed California's Holocaust Museum Los Angeles With Bonds
CEDA | Dec. 6 | Bond Finance | Community Development

Demolitions in Weirton, WV to Provide New Opportunities
The Weirton Daily Times | Dec. 5 | Community Development | Economic Development | Revolving Loan Funds (RLFs)

NFWF Announces $6.3M in New Grants from the Conservation Partners Program
yahoo!finance | Dec. 5 | Access to Capital | Agriculture Finance | Resiliency

Ohio Announces $175M for Brownfield Remediation Projects
Spectrum News 1 | Dec. 5 | Brownfield Financing | Redevelopment | State Finance Program

USDA Now Accepting Applications for Farm Loans Online
USDA | Dec. 5 | Access to Capital | Agriculture Finance | Federal | U.S. Dept. of Agriculture (USDA)

Biden Administration's Greenhouse Gas Target Rule is Likely to Draw Challenges
National Law Review | Dec. 4 | Energy Finance | U.S. Dept. of Transportation (DOT)

Charter's $1.3B Texas Investment Will Use a Mix of Fiber, DOCSIS
telecompetitor | Dec. 4 | Infrastructure Finance | Public-Private Partnership (P3) Financing | Broadband

EPA Selects Final Cleanup Plan for California Sulphur Bank Mercury Mine Superfund Site
U.S. Environmental Protection Agency | Dec. 4 | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

Remarkable Demand for Solar and Wind Energy in Low-Income Communities
U.S. Department of the Treasury | Dec. 4 | Energy Finance | Green Finance | Resiliency | Social Finance | Tax Credits | U.S. Dept. of Treasury

Rock Island County, IL Approves New Clean Energy Financing Incentive
Quad-City Times | Dec. 4 | Energy Finance | Property Assessed Clean Energy (PACE)

City of Beaumont, TX to Consider a Tax Increment Reinvestment Zone
Beaumont Enterprise | Dec. 3 | Economic Development | Redevelopment | Tax Increment Finance (TIF)

$15M Federal Grant to Help Dairyland Power Lay Fiber for Improved Rural Internet
Rome-News Tribune | Dec. 2 | Infrastructure Finance | Broadband

Amended Cleanup Plan for Woodstock, CT Linemaster Switch Corp. Superfund Site
U.S. Environmental Protection Agency | Dec. 1 | Brownfield Financing | Redevelopment | U.S. Environmental Protection Agency (EPA)

Work Begins on Phase One of $430M Colman Yards Mixed-Use Development in Illinois
Yield Pro | Dec. 1 | Economic Development | Revolving Loan Funds (RLFs) | Tax Credits

Rhode Island's SSBCI Technical Assistance Program Approved for $774K
Jamestown Press | Nov. 30 | Access to Capital | Disaster Recovery & Relief | State Small Business Credit Initiative (SSBCI) | U.S. Dept. of Treasury

Stillwater Utilities Authority Receives $39M Water System Funding From Oklahoma Water Resources Board
Oklahoma Water Resources Board | Nov. 30 | Economic Development | Infrastructure Finance | Revolving Loan Funds (RLFs)

U.S. Department of Transportation Announces $1.5B in RAISE Grants
U.S. Department of Transportation | Nov. 30 | Access to Capital | Federal | Infrastructure Finance | Tribal Finance | U.S. Dept. of Transportation (DOT) | Transportation

National Sponsor Spotlight

Stifel Nicolaus Stifel Nicolaus
Stifel Nicolaus, founded in 1890, is a full-service securities firm dedicated to development finance. Stifel Nicolaus has developed innovative public financing structures for private developments saving millions of dollars for our public and...
U.S. Bank U.S. Bank
U.S. Bancorp (USB), with $416 billion in assets, is the parent company of U.S. Bank, the fifth largest commercial bank with more than 65,000 employees, and 3,151 offices in the United States.
Wells Fargo Securities Wells Fargo Securities
Wells Fargo Securities offers a comprehensive set of capital markets services, including originating and distributing public debt and equity, hedging interest rates and commodity and equity risks, advising on mergers and acquisitions, and...

CDFA Bookstore

Cover thumbnail Innovation Finance Reference Guide
The Innovation Finance Reference Guide explores the growing seed, venture capital, and angel investment industry, and gives development finance agencies a roadmap for building an innovation finance initiative that supports entrepreneurship, business investment, and job creation.

New Members

City of Basehor - Basehor, KS

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


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CDFA National Sponsors

  • BNY Mellon
  • Bricker Graydon LLP
  • Bryan Cave Leighton Paisner LLP
  • Business Oregon
  • Cirrus Secure
  • CohnReznick
  • Frost Brown Todd LLC
  • Grow America | Formerly NDC
  • 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