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CDFA Georgia Financing Roundtable Newsletter - May 2017
May 31, 2017
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CDFA Georgia Financing Roundtable Newsletter

Feature

Albany, GA, Museum of Art Moving Downtown with RLF Funds
Albany, GA, City Commissioners voted to provide funding needed to move the storm damaged Albany Museum of Art (AMA) downtown. City leaders approved a one million-dollar deferred loan to the museum which will come from the Downtown Development Revolving Loan Fund. 

Monticello, GA, to Purchase Mine Lake Estate with USDA Loan
The Monticello City Council agreed to move forward with the purchase of Mine Lake Estate in Jasper County. The purchase will provide the city with enough water for the foreseeable future, as it has eight operating wells, and a 40+ acre lake. The purchase will be made through USDA grants and loans.

Atlanta Finalizes Deal Saving Water and Wastewater System $43M
Atlanta closed on a water and wastewater refinancing that will save the city nearly $43 million over the life of the bonds, said Siebert Cisneros Shank & Co., the book-runner for the deal.

GA Mayor's Commission Considers Another SPLOST for Replacing Government Center
A commission studying the possibility of replacing the 46-year-old Columbus Government Center ventured into the dicey arena of finances. City Finance Director Angelica Alexander presented the commission with several ways to fund the project, which could cost anywhere from $68 million to $100 million, depending on whether the building is renovated or replaced.

Atlanta, GA, Commits to Running on Renewable Energy
Atlanta lawmakers approved a resolution committing the city to transitioning toward running entirely on renewable energy sources, including wind and solar, by 2035. The city council unanimously approved the measure, which will first transition all city buildings by 2025.

GA Governor Deal Signs Two Tax Credit Bills
House Bill 199 will provide a 20 percent tax credit for post-production companies with at least a $250,000 payroll in Georgia. House Bill 265 exempts from state and local sales taxes building materials used for renovating or expanding performance arts venues run by a nonprofit organization containing an art museum, symphonic hall and theater.

$100K in Funding Renovates First Four of More than 10 Homes in GA
More than $100,000 of the $306,000 CHIP grant funds have been used to repair at least four homes in Carrollton. The Carrollton Housing Authority will begin improvements on another three homes soon and will continue the work until about a dozen homes are completed.

GA Development Authority Focuses on Incentives for Businesses
The Brunswick and Glynn County Development Authority has turned its attention to business incentives. The organization is discussing two packages currently for business development projects in the area.

Upcoming Events

CDFA Georgia Conference
June 7, 2017 - Atlanta, GA
Join the CDFA Georgia Financing Roundtable, in partnership with GEDA, for a special one-day conference hosted at the offices of Seyfarth Shaw LLP. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Georgia economy going forward.

Intro Food Systems Finance WebCourse
June 7 - 8, 2017 - Daily: 12:00 - 5:00 PM Eastern
The Intro Food Systems Finance WebCourse examines the development finance programs that sustain a local food system and how investments in that system can drive economic development on a broader scale. Topics covered include federal, state, and local sources of capital, stakeholders involved in the financing process, and case study examples that showcase the variety of financing programs.

CDFA Brownfields Financing Webinar: Reviving Commercial Activity on Former Manufacturing Sites
June 15, 2017 - 2:00 - 3:30 PM Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities as we discuss how the finance toolbox can be used to compliment the redevelopment and cleanup of your brownfield project.

Sponsors

State Partner

Georgia Economic Developers Association

Venue Sponsor

Seyfarth Shaw LLP

Premium Sponsor

Public Financial Management

Supporting Sponsor

Development Authority of Clayton County Federal Home Loan Bank of Atlanta

For information about sponsoring the CDFA Georgia Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.

Job Postings

Hiring: Vice President, Housing & Real Estate Services - Invest Atlanta

Hiring: Innovation Manager - Invest Atlanta

New Members

Camden County Joint Development Authority - Kingsland, GA


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
info@cdfa.net


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CDFA National Sponsors

  • Alaska Industrial Development and Export Authority
  • Baker Tilly Virchow Krause
  • Ballard Spahr LLP
  • BNY Mellon
  • Bricker & Eckler LLP
  • Bryan Cave LLP
  • Business Oregon
  • CohnReznick
  • FBT Project Finance Advisors LLC
  • Frost Brown Todd, LLC
  • Hawkins Delafield & Wood LLP
  • Ice Miller LLP
  • KeyBanc Capital Markets
  • Kutak Rock LLP
  • MB Financial Bank, NA
  • McCarter & English, LLP
  • McGuireWoods
  • NW Financial Group, LLC
  • SB Friedman Development Advisors
  • Squire Patton Boggs
  • Stern Brothers & Co.
  • Stifel Nicolaus
  • U.S. Bank
  • Wells Fargo Securities
  • Wilmington Trust
  • Z. The Bond Buyer
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