CDFA Summer School is a 2-week long virtual series of courses designed to help you accelerate your development finance education, with a curation of seven different training courses to choose from. Don't miss the opportunity to learn from our expert practitioners and experience CDFA's most interactive educational event of the year! Register today!

The U.S. Department of Housing and Urban Development's (HUD) Office of Multifamily Housing Programs has launched a new video, as part of its series of recordings to help owners of HUD-assisted multifamily housing properties as well as other stakeholders better understand a new tax credit program that can help fund 50% of solar project costs at Federally-assisted residential properties. This recording, co-hosted by HUD's Office of Public and Indian Housing, provides an overview of the basic requirements of the program and describes why multifamily owners, PHAs, tribes, and communities should look into this unique and new opportunity.

The Three Rivers Solid Waste Management Authority in Pontotoc has been awarded $2 million for infrastructure improvements to support disaster resiliency in northeast Mississippi. The Economic Development Administration (EDA) is divvying the funds, which will be matched by $5.4 million from local fundraising efforts, to support upgrades to the solid waste transfer stations, improving disaster preparedness. This project is funded under the Disaster Relief Supplemental Appropriations Act of 2023, which provided EDA with $483 million in additional Economic Adjustment Assistance (EAA) Program funds for disaster relief and recovery for areas that received a major disaster.

The Kentucky Agricultural Development Board approved $3,527,748 for agricultural diversification and rural development projects across the Commonwealth at its monthly board meeting. The grant projects approved will provide opportunities for change and growth, opportunities that allow recipients to develop a greater future for our agricultural community.

KeyBank Community Development Lending and Investment provided $16.6 million in Low-Income Housing Tax Credit equity, a $21.3 million construction loan, and a $6.3 million taxable equity bridge for the construction of Silos Apartments, a new affordable housing high-rise building in Salt Lake City, Utah. KeyBank's Commercial Mortgage Group originated a $20.5 million privately placed forward committed rate-locked permanent loan. KeyBanc Capital Markets also secured and sold $21.3 million in Utah Housing Corporation Multifamily Housing Revenue Bonds for the transaction.

Traditional financing options don't meet the needs of most small businesses. Momentus Capital has tested a new impact investment approach to support growth-stage, social-impact businesses in underserved communities. The organization's $171 million impact investing fund, the Equitable Prosperity Fund, provides purpose-driven businesses with non-dilutive capital so business owners can keep full ownership of their companies.

The North Carolina General Assembly recently passed an exciting new program that will make it easier and more affordable than ever for businesses to invest in clean energy upgrades. Senate Bill 802 authorizes the launch of Commercial Property Assessed Clean Energy (C-PACE) financing in the state. Through C-PACE, companies can borrow money to install things like rooftop solar panels, energy-efficient HVAC systems, and LED lighting — then pay back the loan over time via a small bump in their property taxes.

The Department of the Treasury and the Internal Revenue Service issued final regulations updating the required minimum distribution (RMD) rules. The final regulations reflect changes made by the SECURE Act and the SECURE 2.0 Act impacting retirement plan participants, IRA owners, and their beneficiaries. At the same time, Treasury and IRS issued proposed regulations, addressing additional RMD issues under the SECURE 2.0 Act.

The Council of Development Finance Agencies seeks a motivated, well-organized, and energetic individual to fill the position of Senior Director, Finance. This position is responsible for delivering on CDFA's accounting, budgeting, banking, and fiduciary operations. The Senior Director, Finance is a proven accounting and financial management expert. Email at jobs@cdfa.net if you are interested.

The Council of Development Finance Agencies seeks a motivated, well-organized, and energetic individual to fill the position of Senior Director, Government Affairs. This position is critical to the continued success of CDFA's education, advocacy, research, resources, and networking efforts. This position is responsible for delivering on CDFA's national development finance policy agenda as well as engaging federal agencies and government officials. This is an exciting and high-profile opportunity for an energetic and enthusiastic public policy expert to contribute to a great organization, working to create economic prosperity across the country. Email at jobs@cdfa.net if you are interested.

The Colorado Venture Capital Authority (VCA) is seeking to commit approximately $15 million to one or several venture capital funds. Its mission is to deploy the State Small Business Credit Initiative Equity/Venture Capital. The VCA partners with professional venture capital fund managers to invest in seed and early-stage rounds in businesses headquartered and with principal business operations in Colorado. In alignment with the U.S. Department of Treasury and the SSBCI Capital Program, the VCA aims to provide access to capital for small businesses in low-and-moderate income, minority, and other underserved communities, including women and veteran-owned small businesses.

The Housing Program Specialist is responsible for assisting with the overall administration of various housing assistance programs. Work is performed independently under limited supervision with considerable latitude. Position typically requires processing and interpreting of more complex, less clearly defined issues.

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