During this installment of the CDFA-PFM Capital Markets Webinar Series, project finance experts and issuers discussed the viability of how private activity bond deals can fit into complex capital stacks.

IRS Notice 2020-10 provides population figures to calculate calendar-year 2020 limits for private activity bonds (PABs) and low-income housing tax credit (LIHTC) for all 50 states, Washington, D.C., and Puerto Rico. The PAB cap is the greater of the...

"Moving America and the Environment Forward" is a House Ways and Means Committee statement of principles on how the committee wants to approach an infrastructure bill. It includes $760 billion of proposals.

The Kansas Legislative Division of Post Audit examined how Kansas and other states used private activity bonds in calendar years 2016 through 2018. In this audit, they used data from CDFA and other states to determine how states used private...

Another affordable rental housing funding crisis is brewing–a crisis in the supply of private activity bonds (PABs). PABs are a big part of the answer to the affordable rental housing crisis, but are subject to the annual state volume cap, in...

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...

The annual CDFA Volume Cap report is an essential outline of national private activity bond issuance trends and is used by issuers, researchers, trade groups, and political offices to understand the private activity bond landscape. During this...

The CDFA Conduit Bond Fee Study evaluates the landscape of current conduit bond fees in order to share best practices and common structures employed by conduit bond issuers across the country. The CDFA Conduit Bond Fee Study only looks at fees...

As the bond market changes, bond issuers must work diligently to keep their fee structures up to date. During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, we looked beyond the fee structures and broke down the...

This Public-Private Partnership Procurement Guide (Guidebook) provides advanced guidance on procedures, issues, and considerations involved in public-private partnership (P3) procurement of surface transportation projects, with a focus on highway...

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...

Beginning April 1, 2019, issuers of qualified private activity bonds will be governed by a new set of TEFRA regulations (the Final TEFRA Regulations). The Final TEFRA Regulations, which stem from the Treasury Department’s 2017 Proposed Regulations...

During this webinar, Daniel Kozloff with PFM, Jeffrey Pearsall with PFM, and Jay Bartlett with Citigroup Global Markets Inc. featured the pros and cons and the questions that remained twelve months into the new tax law.

The NIJC produced this helpful executive summary of Tribal Economic Development Bonds for tribal leaders.

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...

The IRS Publication 5005 provides an overview for state and local governments of the responsibilities of the conduit issuer with respect to the tax compliance in municipal financing arrangements commonly known as conduit financings.

An Introduction to Private Activity Bonds from the Congressional Research Service.

Brandon Lewis from Public Financial Management presents on private activity bond case studies.

Charlie Bartsch with the U.S. Environmental Protection Agency covers a slew of federal financing programs available to support local economic development initiatives. Bartsch provides case studies and examples of how various programs can be applied...

The various financing tools and approaches for brownfields redevelopment is described by Charlie Bartsch from the U.S. Environmental Protection Agency.

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...

Harvey Rogers described the current bond market in Oregon and explored bond financing case examples which prove their effectiveness in addressing critical infrastructure needs.

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

Tammy Nebola from Iowa Finance Authority covers Beginning Farmer Loan “Aggie Bond” Program from the perspective of the most active issuer of the bonds.

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...

This document from the IRS teaches readers about Exempt Facility Bonds.

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 IRS Publication 4078, Tax-Exempt Private Activity Bonds, provides a revised overview of the general federal tax law rules that apply to qualified private activity bonds.

Toby Rittner of CDFA shares the importance that bonds play in the world of development finance, detailing the many different variations of this loan mechanism.

Victoria Bowser and Johnny Hutchinson, both of Squire Patton Boggs, share details on the categories of tax-exempt bonds and the differences between governmental use and private activity bonds.

David Weiss of Business Oregon presents the roles and responsibilities common to most issuers of tax-exempt bond financing transactions.

The various types of bonds and important bond terms are explained by James Hamill of California Statewide Communities Development Authority.

Ben Barker of the California Municipal Financial Authority and Linda Schakel of Ballard Spahr LLP detail the various rules and items to monitor during issuance of tax exempt bonds.

Rich Frampton of the Illinois Finance Authority presents insight into capital project financing for manufacturers, 501(c)(3) not-for-profits, and other eligible tax-exempt borrowers.

Representatives from the California Association of Micro Enterprise Opportunity and California Pollution Control Financing Authority look at how California creates access to capital for micro businesses and enterprises.

Larry Kosmont of Kosmont Companies introduces Economic Development 2.0, a new way of understanding and implementing economic development to effectively combat sustainability and resource challenges.

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.

Victor Napolitano, Senior VP at Alliance Bank of Arizona, discusses methods for Tax-Exempt Financing for Manufacturers.

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

Toby Rittner of CDFA shares the importance that bonds play in the world of development finance, detailing the many different variations of this loan mechanism.

Several case studies on bonds used for industrial purposes are presented by Jeff Demonbrun of Gates Capital.

Linda Schakel of Ballard Spahr LLP and Jeff Demonbrun of Gates Capital detail the various rules and items to monitor during issuance of tax exempt bonds.

Bill Spivey from Florida Development Finance Corporation and Joe Stanton from Broad and Cassel cover the fundamentals of bonds and give a brief overview of the bond market in Florida.