CDFA New York/New Jersey Financing Roundtable Newsletter - February 2017
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February 24, 2017
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Intro Bond Finance WebCourse
March 1 - 2, 2017
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CDFA New York/New Jersey Financing Roundtable Newsletter - February 2017
February 1, 2017
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CDFA New York/New Jersey Financing Roundtable Newsletter

Feature

Honoring Caren Franzini - Lifetime CDFA Advocate & Friend
CDFA is saddened to announce the passing of longtime supporter and friend Caren Franzini. Caren is a former CDFA Board Chair and former Chief Executive Officer of the New Jersey Economic Development Authority (NJEDA). She is one of the most influential leaders in both CDFA and NJEDA's histories. Caren passed away on January 25, 2017. She was 57. Caren received CDFA's highest honor, the CDFA Lifetime Achievement Award in 2013 for her years of dedicated service and commitment to the Council. Over the years, Caren has presented dozens of times for CDFA. Her insight and expertise was unmatched in the industry. Representing CDFA was a distinguished honor of Caren's and she was a model example of professionalism and loyalty. A friend, colleague, mentor and loving person, she will be dearly missed. CDFA's prayers are with her family, friends and all those she has ever touched.

Port of Authority of New York and New Jersey Reform
This report from the Manhattan Institute proposes the Port of Authority of New York and New Jersey cease to own or operate transportation infrastructure, instead planning and regulating an array of concession companies who would be held accountable for operating transportation performance through bond covenants and long-term concession agreement terms.

Oscar Nominated Films Use NY Film Tax Credit Program
Four NY films which received postproduction tax credits received a total of 10 nominations for Oscars.

New Jersey Innovation Institute Awarded Brownfield Coalition Contract
The Brownfields Coalition of the Northeast (BCONE) has awarded the New Jersey Innovation Institute (NJII) a contract for the Planning and Coordination Services for the 2017 Northeast Sustainable Communities Workshop. 

Ritchie Announces State Funding for Water Projects
State Sen. Patricia A. Ritchie, R-Heuvelton, said that $23 million in drinking water and wastewater investments will be doled out to projects in Central and Northern New York.

Tax Breaks from ECIDA Sought for Pierce-Arrow Project
The development team behind the ambitious project to convert multiple buildings at the Pierce-Arrow site into apartments is requesting tax breaks to finance $28.8 million development.

Schoharie Gets Fund to Improve Water, Waste
The village of Schoharie will be the beneficiary of two large grants and loans, according to a media release from the governor's office Friday.

Small Businesses Urge Extension of NY's Film Production Tax Credit
Small businesses across New York State are calling on Governor Cuomo and the State Legislature to extend a tax credit program they say is critical to sustaining thousands of good paying jobs in New York's booming television and film production industry.

$43M Tax Deal Sought for Nynex Building Redevelopment in Syracuse
A Brooklyn real estate investor is seeking tax breaks for his proposed $43 million redevelopment of the long-vacant former Nynex building into apartments, and retail and office space.

Green Bonds Rise as Tool for Water Infrastructure, Resilience
Environmentally conscious green bonds are a tool more issuers use to finance various means of purifying drinking water and buffering against rising seas. Municipal issuers from transit agencies to small cities and towns have sought to manage water more effectively -- notably after Hurricane Sandy struck in 2012 – with varying degrees of success.

NMTC Coalition Urges Supporters to Sign Letter
The NMTC Coalition is sending a letter to Congress urging leadership to protect the New Market Tax Credit. Please consider signing their letter if you support this important development tool.

Upcoming Events

Intro Bond Finance WebCourse
March 1-2, 2017 - Daily: 12-5 pm Eastern
The Intro Bond Finance WebCourse provides an in-depth look at governmental and qualified private activity bonds, with a focus on industrial development bonds (IDBs), 501(c)(3) non-profit bonds, exempt facility bonds, and other special bond programs authorized by the federal government.

Intro Tax Credit Finance WebCourse
February 15-16, 2017 - Daily: 12-5 pm Eastern
The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course will discuss the practical application of tax credit programs including brownfields, new markets, low income housing, historic preservation, and state-specific programs.

CDFA Brownfields Financing Webinar: Financing Brownfields with Private Activity Bonds (PABs)
Thursday, March 9, 2017 - 2:00 - 3:30 pm Eastern
Join CDFA, our technical assistance partners, and experienced brownfield communities on March 9, 2016 from 2:00 – 3:30pm Eastern as we discuss Private Activity Bonds and how they can be used to compliment the redevelopment and cleanup of your brownfield project.

Sponsors

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


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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