CDFA Releases 2017 Policy Agenda
CDFA is proud to release its 2017 Policy Agenda. Our agenda outlines numerous recommendations to some of the nation's most difficult development finance issues, and we hope that Congress and the Administration will use our recommendations as a roadmap to improvements in these areas. To read The Bond Buyer's overview, click here
Danville Approves Downtown TIF District
No specific projects have been identified, but city and Downtown Danville Inc. officials see some of the initial focus of a downtown Tax Increment Financing (TIF) District being on more façade grants and grants to assist in converting upper story spaces into residential living units.
Benefit Seen in IL Proposal for Borrowing to Pay Its Bills
A $7 billion borrowing proposal to help pay down Illinois' record $11 billion unpaid bill backlog offers a more affordable alternative to the current 9% to 12% rate the state is racking up on its late payments.
IL's Film Tax Credit Proves Successful in 2016
Illinois' film industry generated $499 million in estimated Illinois spending, a 51 percent increase over the same period last year. This adds to the 18 percent increase that was seen in 2015.
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.
$18M in Bonds Supports Mellody Farm Development
In coming weeks, the village will borrow $18 million via a bond issue to be provided to Regency. The annual bond and interest payments of about $2 million would be paid from TIF district proceeds, which at build-out are estimated at $2.4 million per year.