The CDFA has announced its support for federal legislation to create a temporary federal tax credit that would encourage the conversion of vacant and under-utilized commercial properties into residential housing. The bill (H.R. 9002/S. 4693) was...

The Climate Capital Guidebook aggregates current federal funding opportunities—including grants, loans, loan guarantees, and cooperative agreements—for small- and medium-sized companies, both start-ups and established businesses, focusing on clean...

This notice modifies the existing domestic content safe harbor in Notice 2023-38, provides a new elective safe harbor for determining the domestic content bonus credit amounts under §§ 45, 45Y, 48, and 48E of the Internal Revenue Code, and requests...

This notice provides additional guidance to clarify and amplify the procedures for the allocation of credits under Section 48C of the Internal Revenue Code regarding the qualifying advanced energy project credit program.

The U.S. Department of the Treasury and the Internal Revenue Service released final guidance describing rules and definitions for transferrable tax credits/incentives in the Inflation Reduction Act. They will be published in the April 30, 2023,...

This announcement addresses the Federal income tax treatment under the Internal Revenue Code of amounts paid toward the purchase of energy efficient property and improvements under the Department of Energy Home Energy Rebate Programs pursuant to the...

On January 31, 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024. The bill now moves to the U.S. Senate. This resource provides a technical summary of the bill's provisions.

During the January 2024 State Small Business Credit Initiative (SSBCI) quarterly all-jurisdiction call, the National Institute of Standards and Technology provided an overview of the CHIPS for America program and its small business opportunities.

During the January 2024 State Small Business Credit Initiative (SSBCI) all-jurisdiction overview, the U.S. Economic Development Administration (EDA) presented a summary of the Regional Technology & Innovation Hubs Program.

CDFA and its coalition partners submitted a $2 billion Clean Investment Accelerator for Development Finance Agencies (DFAs) proposal for the Clean Communities Investment Accelerator competition under the Greenhouse Gas Reduction Fund. Under this...

The Council of Development Finance Agencies (CDFA) is pleased to announce that Senators Brown (D-OH) and Ernst (R-IA) have introduced the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA) in the U.S. Senate as S. 2723. MAMBA would...

The U.S. Department of the Treasury updated the Fact Sheet for the State Small Business Credit Initiative (SSBCI). The updated sheet includes information about program design, implementation status, and capital program spotlights.

CDFA's key legislative issue--The Modernizing Agricultural and Manufacturing Bonds Act (MAMBA)--was introduced with bipartisan support in the U.S. House of Representatives on June 1. In this legislative briefing, CDFA's Eric Silva and Mitchell Smith...

CDFA's Modernizing Agricultural and Manufacturing Bonds Act was introduced as H.R. 3787 in the U.S. House of Representatives with bipartisan support by Rep. LaHood (R-IL), Kildee (D-MI), Feenstra (R-IA), and Evans (D-PA).

The U.S. Department of Commerce’s Economic Development Administration (EDA) shared an expanded fact sheet for the Tech Hubs program. Designed to help those interested in applying for the upcoming funding opportunity, the fact sheet outlines...

The American Rescue Plan has helped to power one of the strongest and most equitable recoveries on record while making investments that position our nation for economic success in the coming decades. Over the last year, American Rescue Plan programs...

The Inflation Reduction Act of 2022 (IRA), signed by President Biden on August 16, 2022, changed a wide range of tax laws and includes over $320 billion in new and expanded incentives for energy efficiency, renewable and clean energy investments,...

A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for...

The CDFA Disaster Recovery Bonds Policy Proposal outlines the CDFA national legislative proposal for a special, permanent category of Disaster Recovery Bonds.

The U.S. Department of the Treasury released the revised SSBCI Capital Program Policy Guidelines on December 15, 2022.

The U.S. Department of the Treasury released an updated FAQ sheet for the State Small Business Credit Initiative program on December 8, 2022.

Congressional Cannabis Caucus celebrates President Biden signing bipartisan marijuana research reform the medical marijuana and cannabidiol research expansion act is the first standalone federal marijuana reform law enacted since the adoption of the...

The U.S. Department of the Treasury announced the list of Tribal governments that submitted SSBCI Capital Program applications on November 29, 2022. The applications will now be reviewed prior to release of any funding for those programs.

The U.S. Department of the Treasury published the SSBCI National Compliance Standards on November 17, 2022.

The U.S. Department of the Treasury announced that it will hold an SSBCI Fall Virtual Conference via Zoom from Monday, November 14, 2022, to Friday, November 18, 2022. The Virtual Conference will include discussion sessions and roundtables to allow...

On September 20, 2022, the U.S. Department of the Treasury published a request for information for public comment on how it could use its authority to fund SSBCI Technical Assistance to qualifying businesses. The original RFI deadline was October...

On October 20, CDFA and its SSBCI Coalition provided comments in response to the U.S. Department of the Treasury's request for information regarding the deployment of the remaining $200M in SSBCI Technical Assistance Grant Program funds.

Read CDFA's response to the U.S. Department of the Treasury's request for information regarding the distribution of the remaining $200M in SSBCI TA funding.

The U.S. Department of the Treasury announced the approval of state plans for Alaska, Idaho, Iowa, Massachusetts, Minnesota, Missouri, Nebraska, Nevada, New Mexico, Ohio, and Utah under the State Small Business Credit Initiative (SSBCI). Treasury...

The U.S. Department of the Treasury issued revised SSBCI Capital Program Reporting Guidelines on September 30, 2022.

Business Oregon is offering several free webinars about the State Small Business Credit Initiative (SSBCI) program in September. See Business Oregon's website for descriptions of the webinar content, registration information, and additional details...

Maryland Governor Larry Hogan announced Maryland programs funded by the State Small Business Credit Initiative are open. Up to $198M in federal small business relief is being administered by the Maryland Department of Housing and Community...

The comprehensive legislation would end federal cannabis prohibition by removing cannabis from the Controlled Substances Act; empower states to create their own cannabis laws; ensure federal regulation protects public health and safety; and...

Widening geographic inequality in the United States has shifted federal policymakers' attention to investing in "places" as well as "people." Given the large proportion of rural places in the Appalachian Regional Commission, Delta Regional...

CDFA's analysis of the TA Grant Program Guidelines highlights key provisions and is not comprehensive of all program requirements. View Treasury’s dedicated SSBCI webpage and CDFA’s SSBCI Resource Center for additional program information, updates,...

The Council of Development Finance Agencies (CDFA) and its SSBCI Coalition write to provide comments in response to the U.S. Department of the Treasury Interim Final Rule on Demographics-Related Reporting Requirements for the SSBCI program. Detailed...

U.S. Senators Cory Booker (D-NJ) and Tim Scott (R-SC) and U.S. Representatives Ron Kind (D-WI) and Mike Kelly (R-PA) introduced a bipartisan, bicameral bill reforming Opportunity Zones, the tax incentive for individuals who reinvest unrealized...

This resource offers a section-by-section summary of the bipartisan, bicameral bill to reform opportunity zones introduced by Senators Booker, Scott, and Kelly. This legislation would reinstating and expanding the reporting requirements, ending...

Senators Booker and Scott and Representatives Kind and Kelly, along with Senators Warner, Young, and Van Hollen, and Representatives Sewell, Walorski, and Kildee, propose a series of improvements to the Opportunity Zones policy to further their...

The Council of Development Finance Agencies (CDFA) and the national State Small Business Credit Initiative (SSBCI) Coalition call on the U.S. Department of the Treasury to fully implement the SSBCI program, and immediately deploy capital to Eligible...

Hawkins Advisory discusses recent federal legislation that addresses a variety of legal issues arising from the anticipated June 30, 2023 phase-out of the use of United States dollar denominated LIBOR.

Long-awaited federal legislation addressing the phase-out of United States market reliance upon the London Interbank Offered Rate (“LIBOR”)1 as a reference rate was signed into law. With less than 16 months remaining before the expected end of USD...

CDFA and guest speakers from The Choctaw Nation and gener8tor held this webinar on March 11, 2022 for a discussion on how Tribal Governments can utilize the State Small Business Credit Initiative (SSBCI) program. During this webinar, CDFA provided...

Celebrate one year since the passage of the American Rescue Plan, take a look at this report for early successes from across the country to see how investments from state and local officials from NewDEAL’s network of innovative leaders are not only...

The undersigned organizations, including representatives of state and local governments and the affordable housing industry, strongly urge you to adjust the underlying statute of the SLFRF program to facilitate its use with the Low Income Housing...

This report reviews the Biden administration’s key efforts and accomplishments to advance equity in its first year and outlines future policies needed to build a better and more dynamic nation that equitably respects the rights and meets the needs...

President Biden signed an Executive Order outlining the Administration’s implementation priorities and establishing an Infrastructure Implementation Task Force to coordinate the law’s effective implementation.

This guidebook is a roadmap to the funding available under the Bipartisan Infrastructure Law. It explains, in as much detail as currently available, how much funding is available at the program level. The primary goal is to help partners across the...

U.S. Department of Agriculture announced that the Department is increasing the maximum loan amount to $400,000 under the Intermediary Relending Program. This change is in accordance with provisions in the Agriculture Improvement Act of 2018 (2018...

The Infrastructure Investment and Jobs Act (the “Act”) adds two categories of tax-exempt bonds that may be issued for exempt facilities and increases the amount of tax-exempt bonds authorized to be issued for one existing category of tax-exempt...