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Development Finance Review Weekly - October 15, 2026


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Development Finance Review Weekly
October 15, 2026
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The CDFA Development Finance Review Weekly: This Week's Industry Highlights

This Week's Features
Join CDFA in Savannah, GA, for the 2026 National Development Finance Summit!
The CDFA National Development Finance Summit, happening November 18-20, is three days of face-to-face engagement with the brightest minds in development finance from across the nation. Join us in Savannah, where history and a touch of Southern charm set the tone to discuss development finance topics, trends, financing solutions, and more. Don't miss Pre-Conference Workshops on Wednesday, November 18. Learn more & register today!

Explore the New CDFA Opportunity Zones Hub
CDFA's refreshed Opportunity Zones (OZ) Hub makes it easier than ever to access the latest news, research, tools, and resources shaping the OZ landscape. Explore upcoming events, CDFA's Learning Series and Networking Circle, and an expanded, searchable resource library. The dedicated OZ Accelerator section offers tools to help communities and practitioners advance local strategies. As Opportunity Zones evolve, CDFA remains a trusted resource for education, advocacy, and collaboration. Visit the new OZ Hub to stay informed and move your OZ initiatives forward!

Financing the AI Boom: Winners and Losers in Corporate Bond Markets
The expansion of artificial intelligence has triggered a surge of investment and rising equity values at technology firms. The largest firms, known as 'hyperscalers', issued over $100 billion of bonds in 2025, around five times the 2023-2024 annual average. This column compares bond yields for hyperscalers and other firms, before and after ChatGPT's release in 2022. As hyperscalers' debt grows, it remains critical to monitor whether these pricing effects continue.

Historic Tax Credit Drives $9.2B in GDP in FY 2025, Supports 163,000 Jobs
The National Park Service today announced that private investment in historic rehabilitation projects totaled an estimated $9.6 billion in fiscal year 2025, generating approximately 163,000 jobs, $18.1 billion in total economic output, and $9.2 billion in gross domestic product to the U.S. economy. In FY 2025, 11,544 new housing units were created through the adaptive reuse of historic buildings, and 10,390 existing housing units were rehabilitated, with 53% of the 21,934 total created/rehabilitated housing units low- and moderate-income.

Merchants Capital Arranges $97.8M in Financing for Affordable Housing Project in VA
Merchants Capital arranged $97.8 million in financing for an affordable housing project in Newport News, Virginia. The financing package combines HUD Section 221(d)(4) financing, bridge financing, Low-Income Housing Tax Credits, federal and state Historic Tax Credits, and energy-efficiency funding.

CDFA Recognizes Kara Shelnutt, DFCP
CDFA is pleased to announce Kara Shelnutt, Planner and Revolving Loan Fund Coordinator for the North Central Alabama Regional Council of Governments, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Shelnutt joins the ranks of fellow graduates who are recognized as the most qualified leaders in the development finance industry.
CDFA National Development Finance Summit

Upcoming Webcasts
CDFA // BNY Development Finance Webcast Series: Leveraging Bonds to Unlock Private Investment in Local Projects
October 20, 2026 - 2:00 PM - 3:00 PM Eastern

TIF Networking Circle Forum
October 28, 2026 - 1:00 PM - 2:00 PM Eastern
National Headlines
Governor Dunleavy Selects 25 Opportunity Zones to Drive New Investment Across Alaska
Alaska Native News | Oct. 14 | Opportunity Zones

Rethinking Agricultural Subsidies: Three Ways Public Finance can Build Smallholder Resilience
Economist Enterprise | Oct. 14 | Agriculture Finance | International | Resiliency

U.S. Farm Debt to Hit Record $605B as Financial Pressure Grows in 2026
AgroLatam | Oct. 14 |

D.C. Waterfront Office-to-Resi Conversion Gets $60M Construction Financing
Multi-Housing News | Oct. 13 | Housing Finance | Property Assessed Clean Energy (PACE)

Economic Development Committee Questions Officials on Jobs, Rising Costs
St. Thomas Source | Oct. 13 | Economic Development | State Finance Program | State Small Business Credit Initiative (SSBCI)

Heliene Completes Third 45X Tax Credit Sale of 2026
Solar Builder | Oct. 13 | Energy Finance | Tax Credits

More Than 475 Groups Urge Regulators to Protect the Community Reinvestment Act
Affordable Housing Finance | Oct. 13 | Federal | Housing Finance

NFIB Member Testifies on Benefits of Small Business Tax Deduction
NFIB | Oct. 13 | Legislative | Tax Credits

Oregon Housing and Health Agencies Pick Pilot Development
Affordable Housing Finance | Oct. 13 | Community Development | Housing Finance

Philadelphia's Somerset Phase II Secures $35.8M Construction Financing
Construction Dig | Oct. 13 | Housing Finance | Property Assessed Clean Energy (PACE)

Seven Spokane Neighborhoods Poised for Growth Through New Opportunity Zone Designation
KREM 2 | Oct. 13 | Opportunity Zones

Thousands of Homeowners Face Adjustable-Rate Mortgage Resets, Much Higher Payments
CNBC | Oct. 13 | Housing Finance

USDA Invests Over $1M in Rural Business Development Projects Across Wisconsin
USDA Rural Development | Oct. 13 | Access to Capital | Community Development | Revolving Loan Funds (RLFs)

$1.2M Awarded Through Iowa's Railroad Revolving Loan and Grant Program
Iowa - Department of Transportation | Oct. 13 | Infrastructure Finance | Revolving Loan Funds (RLFs)

First Look at New Beach Street Apartment Complex in Daytona Beach
Bradenton Harton | Oct. 12 | Community Development | Housing Finance | Tax Increment Finance (TIF)

Kansas City Bets a New Royals Stadium Will Help Pay for Itself. Decades of Research Say it Won't
KCUR:NPR | Oct. 12 | Economic Development | Tax Increment Finance (TIF)

Massachusetts Proposes Pared-Down Slate of Opportunity Zones
ConnectCre | Oct. 12 | Opportunity Zones

Norman Group Appeals Rock Creek Entertainment District TIF Plan to Oklahoma Supreme Court
KFOR | Oct. 12 | Economic Development | Tax Increment Finance (TIF)

USDA Rural Development Invests Nearly $13M into Iowa Communities
Iowa Capital Dispatch | Oct. 12 | Access to Capital | Community Development | Local Finance Program | Revolving Loan Funds (RLFs)

Why U.S. Borrowing Costs Keep Climbing Despite Treasury's Efforts
Council on Foreign Relations | Oct. 12 | Bond Finance | Federal | U.S. Dept. of Treasury

Hunt Capital Partners Syndicates LIHTC for Dallas Rehab
Multi-Housing News | Oct. 9 | Housing Finance

Kansas City Council Approves Financing Plan for Downtown Royals Stadium Development
Yahoo!Finance | Oct. 9 | Bond Finance | Economic Development | Tax Increment Finance (TIF)

Michigan EGLE Awards Grants to 8 Projects, Creates 687 New Housing Units, 450 New Jobs
Michigan Department of Environment, Great Lakes, and Energy | Oct. 9 | Brownfield Financing | Economic Development | Housing Finance | Redevelopment

Orleans Economic Development Agency Looks to Start New Revolving Loan Fund for Businesses
orleanshub.com | Oct. 9 | Economic Development | Revolving Loan Funds (RLFs)

The Economic Impact of the AI Buildout and Surging US Bond Yields
The Hill | Oct. 9 | Bond Finance | Federal

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Are You A CDFA Member?
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When your organization becomes a member, you and all of your coworkers receive our 7 Essential Member Benefits that are tailored to meet your professional development needs and advance your organizational goals!

In Case You Missed It
MAMBA Briefing with CDFA and NCOSAFP
Job & RFP Postings
Maryland DHCD - Energy Special Projects Coordinator
Maryland DHCD is seeking a Special Projects Coordinator to join our team and play a critical role in supporting the continued growth, innovation, and effective delivery of Maryland's energy programs. This is an exciting opportunity for a proactive professional to contribute across project management, regulatory compliance, data analytics, systems administration, vendor management, and strategic program development.

Maryland DHCD - Program Manager II, Portfolio Administrator
DHCD has an immediate opening for a Program Manager II in its Division of Credit Assurance. This position monitors, evaluates and analyzes the performance of multi-family properties to assure regulatory compliance with DHCD loan documents. The Asset Management Officer/Portfolio Manager reviews the financial, administrative, and physical condition of the assets, advising supervisors of problems and assisting owners and property managers to implement solutions.
CDFA President's Club
BNY Bricker Graydon Wyatt LLP CohnReznick Colorado Housing and Finance Authority FBT Gibbons Grow America | Formerly NDC Hawes Hill and Associates LLP Hawkins Delafield & Wood LLP Ice Miller LLP KeyBanc Capital Markets Kutak Rock LLP McGuireWoods MuniCap, Inc. PGAV Planners, LLC SB Friedman Development Advisors Stifel Nicolaus The Bond Buyer The Center for Artificial Intelligence U.S. Bank Wells Fargo Securities


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 email info@cdfa.net.

Council of Development Finance Agencies
425 Metro Place N., Suite 460
Dublin, OH 43017
(614) 705-1300
info@cdfa.net

 

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CDFA President's Club

  • BNY
  • Bricker Graydon Wyatt LLP
  • CohnReznick
  • Colorado Housing and Finance Authority
  • FBT Gibbons
  • Grow America | Formerly NDC
  • Hawes Hill and Associates LLP
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • McGuireWoods
  • MuniCap, Inc.
  • PGAV Planners, LLC
  • SB Friedman Development Advisors
  • Stifel Nicolaus
  • The Bond Buyer
  • The Center for Artificial Intelligence
  • U.S. Bank
  • Wells Fargo Securities
Become a CDFA President's Club Member