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CDFA Florida Financing Roundtable Newsletter - April 2017
April 26, 2017
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CDFA Florida Financing Roundtable Newsletter

Feature

FL Lawmakers Agree to State Budget Deal, Cut Incentives
Homeowners won't see property tax increases, a state reservoir will be built south of Lake Okeechobee and economic development agencies will be drastically cut under a broad budget deal reached between the House and Senate. The deal leaves many of Gov. Rick Scott's top priorities on the cutting room floor. He called for $100 million for Visit Florida and $85 million in incentives for Enterprise Florida, as well as $618 million in tax cuts aimed mostly at businesses.

FL Senior Housing Proposal Gets High Marks, Seeks Tax Credits
A local church wants to make sure older residents no longer have to decide between, food, medicine or an affordable place to live, and its plan drew rave reviews from Cape Coral City Council. The church intends to apply for low income housing tax credits for a mixed-use development through the Florida Housing Finance Corporation.

Winter Park, FL, Updates Comp Plan and Joins PACE District
Winter Park city commissioners approved a comprehensive plan update. The comprehensive plan covers everything from transportation to development throughout the city. They also approved a resolution for a Party Membership Agreement and its incorporated interlocal agreement, in order to join the Florida Resiliency and energy District's Property Assessed Clean Energy (PACE) Program.

Editorial: Incentives Needed to Lure High-Paying Employers in FL
Since Florida House Speaker Richard Corcoran started calling Enterprise Florida "corporate welfare" and vowed to get rid of the agency that offers tax incentives for jobs, the Bradenton Area Economic Development Corp. says the number of leads it gets about potential businesses has declined by half.

Budget Cuts and Bills Threatens CRA in FL
Both the mayor and Council member Lisa Wheeler-Bowman took aim at the Trump administration for its efforts in shutting down the Community Development Block Grant (CDBG) program and its proposed cuts to the Housing and Urban Development (HUD) budget recently. The city receives more than $3 million in CDBG funds and millions in HUD housing assistance.

South FL's Shrinking Agriculture Industry Fights to Stay in the Game
South Florida's crop-growing regions are disappearing due to a number of different factors, causing many farmers to lose large amounts of capital.

CDFA National Summit Call for Submissions
CDFA is accepting sessions submissions for the 2017 National Development Finance Summit in Atlanta this November. Session submissions on deals, projects or programs that include multiple funding sources are highly encouraged. Submissions are due by May 12, 2017.

FL Passenger Train Project Faces New Headwinds
All Aboard Florida is assuring supporters of the project that it will move forward despite the pending sales of its owner and an affiliate. At the same time, AAF is warning that a bill being heard by state lawmakers could jeopardize plans to expand service from West Palm Beach to Orlando and beyond.

Upcoming Events

Intro Tax Increment Finance WebCourse
May 10 - 11, 2017 - Daily: 12:00 - 5:00 PM Eastern
This course brings TIF deal-making and best practices into focus through a two-day program targeting the entire TIF community including economic developers, public agency representatives, bond issuers, legal professionals, developers, financial advisors, and other stakeholders. 

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 Florida Conference
September 28, 2017 - Fort Lauderdale, FL
Join the CDFA Florida Financing Roundtable for a special one-day conference hosted at the Broward Metropolitan Planning Organization. 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 Florida economy going forward.

Sponsors

State Partner

Florida Development Finance Corporation Florida Redevelopment Association

Venue Sponsor

Broward Metropolitan Planning Organization

Premium Sponsor

First American Bank GrayRobinson

Supporting Sponsor

Federal Home Loan Bank of Atlanta

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

New Members

Pasco County Board of County Commissioners - New Port Richey, FL


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
  • Miles & Stockbridge P.C.
  • 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
Become a Sponsor