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...

This is the first State of the Market Report for North America. This report describes the shape and size of labelled green, social and sustainability (GSS) debt issued by entities domiciled in either the USA or Canada extending to the end of March...

Using a novel data set on municipal private debt disclosures, the authors of this academic research study the effectiveness and market impact of disclosure regulation in the municipal debt market. By comparing reportable private debt events to the...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we looked at how bonds act as a resilient economic driver by financing the critical facilities and infrastructure that stabilize local economies during and after...

CDFA's first publication of the CDFA Charter Schools Financing Initiative series, funded with support from the National Alliance For Public Charter Schools. This paper demonstrates how charter schools can access development finance tools and public...

This is the sixth and final 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 presents three replicable strategies for restoring...

This resource summary is for state, local, and K-12 energy professionals and non-finance experts seeking to understand how bonds can be used to pay for energy efficiency and renewable energy projects and initiatives. It outlines market trends in...

CALED knows from its work supporting economic development throughout California that infrastructure financing is a challenge for many rural communities. CALED collaborated with CDFA to develop this guidebook to meet the need for a resource to help...

The World Bank's 2019 Green Bond Impact Report shows investors how we are working with our member countries to support their climate finance efforts and deliver results, on a project-by-project basis.

Cities, regions, and states across the country are facing natural disasters that can have devastating effects on life, property, the economy, and ecosystems. Climate change is already having observable effects on the environment, and past conditions...

When investing within the large, diverse municipal bond market with $4.0 trillion of municipal debt outstanding and over 50,000 issuers, investors must generally choose between two broad categories of bonds: revenue and general obligation (GO). Both...

One-third of reservation-based Native Americans fall below the poverty line, and the nations governing these reservations, unable to spur economic development, struggle to provide even the most basic services. Yet, despite their difficulty in...

The Washington State Department of Commerce authors this biennial report on its Bond Cap Allocation Program for the state's legislature. This is the report for 2018.

Municipal bonds are a particularly popular investment vehicle because interest earned is not subject to federal income tax. However, many investors do not realize that not all municipal bonds are free from Uncle Sam’s tax bite. Alan Schankel,...

Les Krone with Stern Brothers and Michael Schrader with Orrick Herrington & Sutcliffe present on the bonds that supported Red Rock Biofuels and Prairie Catalytic.

Tax-exempt bonds partnered with 4% Low-income Housing Tax Credits (LIHTC) have been widely used by affordable housing developers. It has taken longer for this financing structure to be used by permanent supportive housing developers since most...

Rebecca Sullivan, Senior Vice President of MassDevelopment, walks through bond financing deals and explore strategies for maximizing the tool in New England, particularly focusing on providing capital to existing businesses and critical...

Carlos Mello, the Director of Business and Finance at the Finance Authority of Maine, walks through bond financing deals and explore strategies for maximizing the tool in New England, particularly focusing on providing capital to existing businesses...

John Ruth, Managing Partner at CTBH Partners, LLC, walks through bond financing deals and explore strategies for maximizing the tool in New England, particularly focusing on providing capital to existing businesses and critical infrastructure.

Steve Eikenberry walks through bond deals and explores strategies for maximizing the tool throughout the state. He also discusses the current state of Private Activity Bonds structures.

Maik focuses on 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 Florida.

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

Bond financing remains the bedrock development finance tool for economic development in an ever-evolving market. Linda Matkowski with Stern Brothers & Co. and Mark Spykerman with Gilmore & Bell, PC explore the recent trends in bond financing...

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...

This case study from the University of Illinois at Chicago's Institute for Environmental Science and Policy highlights the Atlantic Station project in Atlanta Georgia and is an example of brownfield redevelopment that manages growth sustainably.

Cheryl Strickland of Stifel discusses economic development projects targeted at redevelopment projects and introduces two successful case studies.

Jeff DeMonbrun (GATES Capital Corporation), Ann Gaunt (S.B. Clark Companies), Maouda Omar (CHFA), and Erich Kennedy (Dinsmore & Shohl LLP) discuss the general process of utilizing bonds, as well as the role of bonds in financing projects in Colorado.

Craig Davis (Spencer Fane Britt & Browne), Laura Radcliffe (Stifel Public Finance), and Debbie Rush (Thompson Coburn LLP) provide several examples of successful redevelopment projects in Missouri.

The CDFA Brownfields Financing Toolkit provides communities with an easy-to-use, best practices resource on brownfields redevelopment. The toolkit brings together the best financing concepts and techniques to provide a comprehensive response to...

The goal of National Association of Counties' analysis is to provide a county perspective on the municipal bond market and to estimate the impact of possible changes to the tax-exempt status of municipal bond interest on counties.

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...

Mr. Russell Goings, III Senior Vice President of Hutchinson, Shockey, Erley & Co. presented the Power of Private Activity Bonds and four industrial development bonds case studies.

This case study and explanation of the Oregon Express Bond Program was presented by Don Krogh of Classic Foods, Ltd., Pat Campbell of West Coast Bank, Carol McCoog of K&L Gates, LLP, and David Weiss of Business Oregon. Details include the program...

Lancaster Pollard provides a case study demonstrating how taxable, fixed-rate notes insured by the FHA Sec. 221(d)(4) program, privately-placed tax-exempt bonds, 4% LIHTC equity and a CDBG-D grant funded an affordable senior housing complex

Bob Gamble of Public Financial Management gives an introductory overview of bond financing.

A few exemplary bond transactions are outlined by Caitlin Lanctot of the California Statewide Communities Development Authority involving multifamily housing, hospitals, and schools.

The National League of Cities found that if Congress capped the tax exemption to 28% for municipal bonds that finance local infrastructure projects 311,736 jobs, $16.4B of labor income and $24.7B in GDP would have been lost in 2012. If Congress...

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.

Kirk Claussen with Public Financial Management explores Seaport debt alternatives and the framework for evaluating Seaport Project Finance.

Ed Gray III with Capital Trust Agency discusses the bond process including case studies from around Florida.

Cheryl Strickland of Stifel, Nicolaus & Company, Inc. presents information on market and economic trends in Florida as well as the national municipal bond market and the role that bonds play in development finance.

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.

This report provides an overview of the first State-led Pay for Success and Social Impact Bond project in the nation as well as details on metrics and evidence of its social impact and methodology used to calculate payments.

This report from CDFA, Brookings Institution Metropolitan Policy Program and Clean Energy Group demonstrates the tremendous potential for state and local bonding agencies to support clean energy investment through the bond market.

PGAV Planners produced this concise case study highlighting the Arnold Commons project in Arnold, Missouri. PGAV shares project details primarily focused on the tax increment financing elements of the project.

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.

Jack Brusewitz with Hilliard Lyons presents to the Roundtable on public financing in Michigan, beginning with an introduction and moving to a market update with two case studies.

The basics of bonds, including the Projects, the Players, and the Law, are covered here in a presentation by John Kamins with Foster Swift. His layout of the deals can be helpful for someone new to the bond world.