CDFA is delighted to congratulate Adam Johnson, Finance Director for the Scott County Community Development Agency in Shakopee, MN, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. As a new graduate, Mr. Johnson has gained valuable knowledge and experience within the complex development finance industry.

The IRS issued a notice providing relief to qualified opportunity funds and their investors due to the COVID-19 pandemic, extending opportunity zones relief provided by an earlier notice. Notice 2021-10 provides relief for the 180-day investment requirement, the 30-month substantial improvement period, 90% investment standard for QOFs, a working capital safe harbor for OZ businesses, and a 12-month reinvestment period for QOFs.

President-elect Joe Biden began lobbying Congress to quickly approve a $1.9 trillion COVID-19 aid plan to improve vaccine distribution, provide direct payments to Americans and bolster state and local government coffers. In a televised speech, Biden delivered a message that appeared tailored for Republicans and more fiscally moderate Democrats.

Fannie Mae's equity investments involve working with our LIHTC syndicator partners, developers, and housing experts to help preserve and increase the supply of affordable housing. Of the 576 LIHTC properties benefitting from Fannie Mae's equity investments, 177 are in rural communities in 38 states and 41 serve high-needs rural regions and populations, including Native American communities.

The SBA has created a free, curated list of thousands of funding sources at the national, state, regional, and local levels designed to support small businesses in accessing capital to recover from COVID-19. The opening page captures programs that are available nationally. Visitors then only need to enter a ZIP code of interest to see which programs their area may be eligible for.

The federal government will need to "act big" to address the financial fallout from the coronavirus pandemic and efforts should include funding for state and local governments, said Treasury Secretary nominee Janet Yellen during a Senate confirmation hearing Tuesday.

CDFA-Bricker PACE Webinar Series: Retroactive PACE
Tuesday, January 26, 2021 - 2:00 PM - 4:00 PM Eastern

CDFA Federal Financing Webinar Series: Restoring Local Economies with Federal Partners
Tuesday, February 9, 2021 - 2:00 PM Eastern

CDFA // BNY Mellon Development Finance Webcast Series: Rural Broadband and Telehealth Financing
Tuesday, February 16, 2021 - 2:00 PM Eastern

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This investment profile from the Economic Innovation Group showcases 698 Prospect, a multi-phase development in North Carolina that includes student housing, commercial, and retail space. Impact investor Woodforest CEI-Boulos Opportunity Fund was joined by community lender Self-Help Credit Union to capitalize Phase I of 698 Prospect.

This investment profile from the Economic Innovation Group showcases Agile Space Industries located in Durango, CO. Agile designs, manufactures, and tests integrated aerospace propulsion systems, and has the only independent propulsion test facility in the United States. Opportunity Zones equity of approximately $950,000 has been invested in the company to date.

This investment profile from the Economic Innovation Group showcases the MLK Gateway in Washington, DC. Located in the Anacostia neighborhood, MLK Gateway will bring new life to a historic Main Street corridor through a center of commerce, culture, and technology; foster community prosperity; and provide a vibrant mix of neighborhood-serving retail. Financing on the project includes OZ equity, NMTC equity, grants, credit enhancement, pre-development loans, and construction loans.

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