State Rep. Mike Halpin, D-Rock Island, has introduced legislation providing an income tax credit on expenditures spent rehabilitating historic structures. The credit will be equal to 25 percent of eligible expenses to taxpayers living in 34 counties bordering the Mississippi River.

Chicago sold $120 million of BBB-rated, tax-exempt senior special facilities revenue bonds on behalf of a major air cargo operator at O'Hare International Airport.

News worth cheering about at Loyola University Chicago extends beyond its Ramblers' winning ways on the basketball court to the finance team's office. The school won an upgrade tied to its improved finances, as Moody's Investors Service raised the school and its $292 million of debt sold through the Illinois Finance Authority one notch to A1.

After years of contamination from aluminum production, a 400-acre site off Illinois 15 is finally cleaned up and ready to use for a solar panel field to generate renewable energy.

The four-year pilot program will start with about 10 "super utilizers" — people who may be homeless and frequent emergency rooms and the county jail. By the third year, the program will grow to about 30 people, said county Administrator Bill Wasson.

The city of Aurora is looking to expand its fiber optic network further through downtown, thanks to a grant from the downtown tax increment financing district. Aldermen are set to vote on $75,000 from the downtown TIF to pay for connecting commercial properties to OnLight Aurora.

Cedar Street secured a $44.7M Housing and Urban Development loan to reposition an iconic Loop building into market-rate apartments. Walker & Dunlop's Carolyn McMullen and Kyle Peterson arranged the financing through HUD's 221(d)(4) program, allowing the developer to capitalize on savings from the existing historic tax credits.

Rosemont will give $1 million in tax increment financing funds to the developer of global logistics firm DHL's new Innovation Center, where the company plans to showcase products to clients from across North and South America.

Join the CDFA Illinois Financing Roundtable 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 Illinois economy going forward.

CDFA needs your help to source deals, projects and programs and will be accepting submissions for potential deals, projects and program presentations. If selected, each speaker will be given one complimentary registration to attend the CDFA National Summit.

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