Linking development finance and food systems can be a daunting undertaking for any community. Research on the current ecosystem of food systems finance has positioned CDFA to identify key strategies for the path ahead in this work. The Food Systems...

The CDFA Annual Volume Cap Report provides an overview of volume cap trends and how private activity bonds (PABs) were used from state to state. The 2019-2020 Annual Volume Cap Report is the most comprehensive analysis of PAB volume cap trends and...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we discussed strategies for aligning social justice priorities with bond financing and actions in the muni markets.

In 2018, the 50 states and the District of Columbia received $37.1 billion in new volume cap allocation, an increase of nearly $1.8 billion from 2017. Total private activity bond issuance slightly decreased from $24.86 billion in 2017 to $24.14...

Researched and written by CDFA, this is the third white paper in a series examining the potential creation of a food systems asset class that supports the market growth of local and regional food systems. This paper focuses specifically on bond...

Dennis Reilly with the Wisconsin Health & Educational Facilities Authority (WHEFA) presents on the financing programs they offer and several case studies of Hospitals they have assisted through bond financing.

In 2017, the 50 states and the District of Columbia received $35.3 billion in new volume cap allocation, an increase of $205.3 million from 2016. Even though total volume cap capacity was lower in 2017, total private activity bond issuance increased...

An Introduction to Qualified 501(c)(3) Bonds Presentations at the Annual Institute on Advising Nonprofit Organizations

Tax-Exempt 501(c)(3) Bonds Presentation by the National Association of Health and Educational Facilities Finance Authorities.

Webinar Presentation on 501(c)(3) Bonds by Marc Feller, Samuel Cooper, and Mark Vacha from Dilworth Paxson Law.

Geoff Urbina and Cynthia Weed discuss how bonds can be used today to provide a significant portion of a project's capital stack with a special focus on bond financing programs in Washington.

Pat Ray explores how IDAs in AZ play a role in economic growth and what we can expect for overall trends in issuance and performance.

In 2016, the 50 states and the District of Columbia received $35.14 billion in new volume cap allocation, an increase of $263 million from 2015. Total private activity bond issuance in 2016 increased from 2015, climbing from $12.98 billion to $20.38...

This document explains the guidelines and practices that Stanford follows to remain in compliance with rules relating to tax-exempt bonds. Compliance is required both upon the issuance of the bonds and during the post-issuance phase which extends...

This month’s CDFA // BNY Mellon Development Finance Webcast Series on Capturing the Success of High Performing DFA's featured Tim Fisher of CDFA, Paul Toth of Toledo-Lucas County Port Authority, Gary Smith of Chester County Economic Development...

Dennis Reilly, Executive Director of the Wisconsin Health & Educational Facilities Authority (WHEFA), discusses WHEFA's approach to non-profit healthcare finance.

Rodney Wendt (Washington Economic Development Finance Authority) and Stacey Lewis (Pacifica Law Group) discuss the Washington bond market climate.

Frank Tompkins from Gust Rosenfeld PLC covers GPLET in Arizona.

New York City Independent Budget Office has examined the evolution of the roles of Build and the Industrial Development Agency in financing economic development deals for the city and the uses of the revenues the two entities generate.

Julie Eddington (Kennedy & Graven, Chartered) discusses how this bonds can be used today to provide a significant portion of a project’s capital stack with a special focus on bond financing programs in Minnesota. Of special focus are affordable...

Catherine Courtney (Briggs and Morgan, P.A.) discusses how this bonds can be used today to provide a significant portion of a project’s capital stack with a special focus on bond financing programs in Minnesota. Of special focus are 501(c)(3) bonds.

New volume cap allocation in 2015 totaled nearly $34.88 billion for the 50 states and District of Columbia, an increase of one percent over the previous year. Combined with more than $58.48 in existing carryforward allocation, the total accessible...

Jamie Licko (RiNo Art District), Andrew Feinstein (EXDO Events), and Chandler Romeo (Blue Silo Studios) discuss the RiNo Art District located just north of downtown Denver, now a thriving neighborhood full of remarkable arts and artists that is also...

This publication from the IRS describes rules that apply to a particular type of qualified private activity bonds: qualified 501(c)(3) bonds. This Publication also addresses practices and steps an issuer or 501(c)(3) organization can take to protect...

Panelists from HR&A Advisors Inc. examine direct-based development finance tools from the past, present, and future.

Teveia Barnes from IBank gives a brief overview of IBank's various financial programs.

Kutak Rock's Timothy Nash discusses methods to finance private healthcare facilities, highlighting various financing tools such as grants, tax credits, EB-5, and others.

Rodney Wendt, Executive Director of WEDFA, provides an overview of bond programs offered in the state of Washington.

In 2014, the 50 states and the District of Columbia received more than $34.5 billion in new volume cap allocation, an increase of 5.5 percent from 2013. This was in addition to more than $59.1 billion in existing carryforward allocation, making the...

Bob Pennington and Chuck Ellingsworth with Raymond James gave an overview of a market update, the higher education sector, public universities, private college credit analysis, and the Raymond James USDA Team. Various case studies were presented as...

Wisconsin Health & Educational Facilities Authority (WHEFA) highlights their 35th year, serving as conduit issuer in 24 financings totaling more than $794.6M. Bond financing benefitted 22 different borrowers in 17 counties, comprised of multi-site...

This report, produced by CDFA for the World Bank, is intended to provide information to communities and countries interested in identifying potential financing tools for the remediation and redevelopment of contaminated industrial sites. Specific...

Patrick Ray and Juan Salgado describe the process of issuing bonds and the successes of Phoenix IDA.

John Wooten of Wells Fargo Bank explains the power of tax-exempt private activity bonds.

John Wooten of Wells Fargo discusses the structure of tax-exempt bond financing.

South Carolina Jobs-Economic Development Authority (JEDA) served as conduit issuer in 23 deals totaling nearly $826M , benefitting 18 different borrowers in 12 counties comprised of six multi-site health care systems, three public charter schools,...

Sam Balisy with Kutak Rock LLP gives a brief overview of bonds. More specifically, topics include market activity, case studies, and general requirements for tax-exempt bonds.

In 2014, the IRS released this report on information for tax-exempt and direct payment bonds issued in 2011. The first section provides an overview of the market by State. The next section discusses direct payment bond programs and presents data for...

The year 2013 marked the third straight year of decline for total issuance, from a recent high point of more than $14.5 billion in 2010 to a low point of $8.8 billion in 2013. The 50 states and the District of Columbia received $32.7 billion in new...

Daniel McRae with Seyfarth Shaw discusses the Georgia Bond Market. The presentation includes information on backing the bonds, tax-exempt bonds, manufacturing bonds, 501(c)(3) bonds and much more.

For this webinar on a new clean energy bond finance model, CE+BFI examines Qualified 501(c)(3) bonds as a mechanism for communities with 501(c)(3) organizations seeking to undertake significant clean energy projects

The Clean Energy + Bond Finance Initiative created this recommended financing model factsheet for clean energy development. The Qualified 501(c)(3) model achieves low-cost capital for renewable energy installations at nonprofit facilities.

Illinois Finance Authority emphasizes the use of loans and bonds to provide the lowest cost of capital possible to public, private, and nonprofit borrowers for energy efficiency improvements.

Robert Sanders and Lewis Milford with the Clean Energy Group make a number of innovative recommendations for expanding the use of solar generation for community development, specifically in low-income neighborhoods in Baltimore, Maryland.

IHS Global produced this report to study the fiscal impact of the proposed 28% cap on tax exempt bonds issued by 501(c)(3) organizations. The study found the impacts would be profoundly negative for nonprofits and dramatically hinder their ability...

Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...

In August 2012, Goldman Sachs Bank’s Urban Investment Group (UIG) announced the first social impact bond (SIB) in the United States, a $9.6M loan it would make to support the delivery of therapeutic services to teenagers incarcerated on Rikers...

Private Activity Bonds (PABs) provide profitable firms with capital cost savings stemming from the difference between taxable and tax-exempt interest rates. The Michigan Strategic Fund issues PABs on behalf of the borrower and lends the bond...

Lew Milford with Clean Energy Group discusses the lending market and financing trends for clean energy developments. Milford explains the Clean Energy + Bond Finance Initiative, and how capital markets provide an avenue to spur investment in...

Blake Sharpton of Peck, Shaffer & Williams LLP provides an overview of bonds, tax allocation districts (TADs), and special district finance. Sharpton also describes the importance of repayment revenue sources and the bond financing process.