Development Finance Review Weekly - February 6, 2025
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Features |
2025 CDFA Federal Policy Conference Returns April 15-16!
Uncertainty can cause concern. But it can also provide opportunities. This is why we're hosting the annual CDFA Federal Policy Conference this April 15-16 in Washington D.C. This is your chance to hear from—and be heard by—the people influencing the development finance industry at the federal level. This isn't just a networking conference with informative breakout sessions, it's a chance to sit at the table and talk with representatives from federal agencies. Save your seat at this important meeting of the minds, and help us turn uncertainty into opportunity. Register today!
Toby Rittner Featured in Article "Florida Approves Rate Hikes for TECO and Duke Energy After Costly Hurricane Recoveries"
CDFA President & CEO, Toby Rittner was recently featured in the article "Florida Approves Rate Hikes for TECO and Duke Energy After Costly Hurricane Recoveries," which discusses the Florida Public Service Commission's approval of rate hikes to cover storm recovery costs for TECO and Duke Energy. In the article, Toby explains that using bonds for storm recovery could help reduce fees by taking advantage of lower interest rates and longer repayment periods, a strategy that investors typically favor.
Now Accepting Applications for the 2025 Caren S. Franzini Fellowship
The Caren S. Franzini Fellowship was established to cultivate and celebrate exceptional women in development finance, recognizing their leadership and commitment to advancing the industry. Administered by the CDFA Foundation, this six-month fellowship is open to women employed by a CDFA member organization with less than 10 years of experience in the field. Apply by Friday, March 14!
Ohio Statewide Development Corporation Launches CorFund, New Loan Guarantee Program
The Ohio Statewide Development Corporation (OSDC) introduced the CorFund Loan Guarantee Program, a groundbreaking initiative designed to empower non-profit lenders supporting Ohio's smallest businesses. Unlike traditional loan guarantee programs that primarily serve large banks and for-profit lenders, CorFund is designed for non-profit lenders who work directly with Ohio's smallest businesses. These organizations are critical in helping entrepreneurs secure funding when traditional lenders might consider them too risky. Apply today!
CDFA Advocacy Briefing: Opportunity Zones 2.0 Recording Now Available
Last week, CDFA hosted an insightful and engaging Advocacy Briefing on Opportunity Zones 2.0, featuring a dynamic discussion with representatives from a U.S. Senator's office and some of the leading voices in the Opportunity Zones industry. Thank you to the 250 registrants who joined us for this valuable conversation. CDFA is committed to delivering high-quality content like this and providing resources through our Opportunity Zones Resource Center. For those who could not attend, the briefing recording is now available! We look forward to bringing you more events like this in the future!
Will New Bond Funds be Enough to Rebuild Los Angeles, CA Schools?
At least a dozen schools in the Los Angeles area have been damaged in the fires, including at least five that were destroyed completely. Even with loosened regulations, rebuilding a school could take years as officials piece together a hodgepodge of funding sources: insurance money, private grants and donations, local bonds, lawsuit settlement money, and state and federal funds. Proposition 2, the $10 billion school construction bond approved by voters in November, will be a big help for schools that need to rebuild or make costly repairs, or even buy portables.
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Upcoming Events |

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Upcoming Webcasts |
CDFA // BNY Development Finance Webcast Series: Bonds for Disaster Recovery and Economic Renewal
February 18, 2025 - 2:00 PM - 3:00 PM Eastern
During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will present the various bonds that can be leveraged for disaster recovery and will provide examples of how these can be used to help affected regions recover more quickly and emerge stronger.
CDFA State Rundown: Ohio's First Loan Guarantee Program for Non-Profit Lenders
February 19, 2025 - 1:00 PM - 2:30 PM Eastern
In partnership with Ohio Statewide Development Corporation (OSDC), CDFA is hosting a CDFA State Rundown to explore, discuss, and learn about the application process for the new CorFund program.
Small businesses are the heart of Ohio's economy, driving job creation, fostering community vitality, and sparking local innovation. To support these vital businesses, OSDC has introduced CorFund, a new loan guarantee program aimed at empowering non-profit lenders that assist Ohio's smallest enterprises.
SSBCI Coalition Meeting - Virtual
February 21, 2025 - 1:00 PM - 2:00 PM Eastern
Each month, CDFA hosts SSBCI Coalition meetings where we provide updates, insights, and opportunities for networking and problem-solving. These meetings allow you the chance to connect with peers and stay informed on the latest developments. The SSBCI Coalition is available to CDFA Members only. There is no cost to attend SSBCI Coalition meetings.
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Job & RFP Postings |
Arizona Industrial Development Authority (AzIDA) - Accountant
The Arizona Industrial Development Authority (AzIDA) is seeking a highly skilled and experienced Accountant to perform critical accounting functions in support of AzIDA's Conduit Revenue Bond and Single-Family Mortgage programs. Reporting directly to the Chief Financial Officer (CFO), this position is primarily an accounting role with some administrative duties related to the Authority's programs. This position currently requires the ability to work remotely, within Arizona, based upon the Authority's business needs. To apply please email your resume and a brief cover letter(optional) to contact@arizonaida.com
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This Week's Headlines |
Albuquerque City Council Approved $30M in Bonds to Help Finance New Mexico United Soccer Team
KOAT Action News | Feb. 4 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
Comstock Fuels Approved for $152M Allocation for Oklahoma Qualified Private Activity Bonds
Stock Titan | Feb. 4 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
Bonds Show Fear Tariffs Will Deliver Inflation, Growth Shocks
Bloomberg | Feb. 3 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
EPA Tells 1,000 Employees They Could Be Fired ‘Immediately'
The Hill | Feb. 3 | Community Development | Federal | U.S. Environmental Protection Agency (EPA)
Farm Credit Awards Efforts to Develop and Promote Northeast Agriculture
Morning AgClips | Feb. 3 | Access to Capital | Food Systems Finance | Social Finance
Greater Arizona Development Authority Accepting Applications for New, No-Interest Funding Program
Arizona Finance Authority | Feb. 1 | Infrastructure Finance | Member News | Water Finance
FBN Launches First Land Loan for Regenerative Agriculture
FBN | Jan. 31 | Access to Capital | Agriculture Finance | Foundations | Revolving Loan Funds (RLFs) | Resiliency
Investor Confidence in Bankruptcy Resolution Crucial for Developing Bond Market
Money Control | Jan. 31 | Bond Finance | Community Development | Economic Development | Infrastructure Finance
NVCOG Worries About Funding After President Trump's Federal Freeze
Valley Independent Sentinel | Jan. 31 | Access to Capital | Brownfield Financing | Development Finance Toolbox | Economic Development | Energy Finance | Green Finance | Revolving Loan Funds (RLFs)
St. Cloud, FL Announces Request for Proposals for Mixed-Use Development Opportunity
City of St. Cloud | Jan. 31 | Historic Preservation | Public-Private Partnership (P3) Financing | Redevelopment | Job Postings & RFPs
$100K Available for Arizona Farms and Food Businesses
Arizona Digital Free Press | Jan. 31 | Access to Capital | Agriculture Finance | U.S. Dept. of Agriculture (USDA)
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National Sponsor Spotlight |
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Bricker Graydon LLP
Bricker Graydon LLP assists public and private sector entities throughout the Midwest with the implementation of development finance projects utilizing tax incentives and bond finance structures, including TIF, CPACE, and other leverage tools.
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Business Oregon
Business Oregon works to create, retain, expand, and attract businesses that provide sustainable, living-wage jobs for Oregonians through public-private partnerships, leveraged funding, and support of economic opportunities for Oregon companies and...
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CDFA Bookstore |
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New Members |
Building Hope - Germantown, MD
City of Chesterfield - Chesterfield, MO
Colorado Enterprise Fund - Denver, CO
Portfol - Kaysville, UT
Weber County Utah - Ogden, UT
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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
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net
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