In this report from the U.S. Government Accountability Office (GAO), research finds that the cost of projects using the Low-Income Housing Tax Credit (LIHTC) varies widely and that there's minimal federal oversight. Currently, no federal agency has...

Noelle Sheets, CDFA Senior Director of Development, has been named the Director of the CDFA Foundation. Ms. Sheets is excited to take on this role at the CDFA Foundation and champion positive, equitable, and inclusive involvement within the...

On December 7, 2023, the U.S. Department of the Treasury (Treasury) released a snapshot on its implementation of the State Small Business Credit Initiative (SSBCI) program with Tribal governments. To date, Treasury has received applications from...

The TBCP is a federal program that provides grants to eligible tribal entities to expand access to and adoption of broadband service on tribal land and to promote the use of broadband to access remote learning, telework, or telehealth resources.

The U.S. Department of the Treasury Released an updated FAQ document for the State Small Business Credit Initiative on December 4, 2023.

The U.S. Department of the Treasury released updated guidelines for the State Small Business Credit Initiative (SSBCI) Capital Program on December 4, 2023.

Croatan Institute and Self-Help announce the release of a major new collaborative report that explores leading challenges faced by the Farm Credit System – the largest lender in the agricultural sector. This new report documents leading...

During this installment of the CDFA Food Systems Finance Webinar Series, we illustrate the Reframe, Build, Plan framework of critical success factors that are needed to expand financing and drive capital into local food systems. Speakers discuss how...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, speakers review the latest regulations affecting cannabis financing and the creative financing approaches providing capital to this emerging industry.

The U.S. Department of the Treasury announced the approval of 20 additional state awards under the State Small Business Credit Initiative (SSBCI) Technical Assistance Grant Program, totaling more than $50.8 million. These awards will be used to...

David Misky has been elected Chair of the CDFA Board of Directors, after serving as Vice Chair since 2022. The announcement was shared at CDFA’s National Development Finance Summit—held November 8-10, 2023 in Philadelphia, PA—where over 300...

CDFA is proud to announce the recipient of the 2023 CDFA Lifetime Achievement Award, Laura Canter, Executive Vice President and director of the Finance Programs Division of MassDevelopment. This year’s winners will be formally awarded during a...

CDFA is proud to announce the recipient of the 2023 CDFA Lifetime Achievement Award, Price Finley, Partner at Bricker Graydon LLP. This year’s winners will be formally awarded during a special ceremony at the 2023 CDFA National Development Finance...

CDFA is proud to announce the recipient of the 2023 CDFA Lifetime Achievement Award, Steve Johnson, Director, Community Development, for the Colorado Housing and Finance Authority (CHFA). This year’s winners will be formally awarded during a special...

CDFA honors the 2023 recipients of the Distinguished Development Finance Agency Award: the Great Falls Development Authority, Inc (GFDA), the Idaho Housing and Finance Association (IHFA), and the Tucson Industrial Development Authority (Tucson IDA).

On November 6, 2023, the U.S. Treasury Department held a webinar outlining the SSBCI Investing in America Small Business Opportunity Program (SBOP) Notice of Funding Opportunity.

During this installment of the CDFA Tribal Financing Webinar Series, speakers discuss financing tools and programs that tribal nations are using for healthcare facilities that better serve their unique community needs.

The 2023 Caren S. Franzini Fellowship class prepared a white paper summarizing their recent research exploring challenges that small businesses face when accessing capital. This paper presents findings on best practices, strategies, and initiatives...

Accelerator for America and the International Economic Development Council present the first segment in a two-part series exploring the needs and opportunities to drive more equitable entrepreneurship and small business growth in communities across...

The U.S. Department of the Treasury announced the new $75 million Investing in America Small Business Opportunity Program, a competitive grant program under the State Small Business Credit Initiative (SSBCI) to support technical assistance for very...

The U.S. Department of the Treasury released an interim report on the progress the Department has made in implementing the State Small Business Credit Initiative (SSBCI), which illustrates how the funding has both supported the small business boom...

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 purpose of this report is to identify and review existing research and data on the unique history, challenges, industries, actors, and available funding and capital sources that shape how tribes and Native actors successfully participate in...

The NMTC Coalition’s annual report on the loans, investments, and community impact of the New Markets Tax Credit.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, presenters examine how communities across the country are addressing challenges in financing water infrastructure projects.

This playbook provides community, city, and regional leaders with a set of tools to create more just landscapes of opportunity through actionable, coordinated strategies that target the intersecting structural, relational, and market forces that...

The U.S. Department of the Treasury released updated Frequently Asked Questions (FAQs) for the State Small Business Credit Initiative (SSBCI) on September 28, 2023.

This guide from Bricker Graydon outlines the array of tools with which Ohio economic development practitioners can intervene to stimulate or induce development to occur — or occur sooner than market forces sometimes allow — in their communities....

Columbus-Franklin County Finance Authority stated that despite stubborn inflation and labor shortages, development continues at a steady pace throughout central Ohio. Deals they closed will help finance a variety of infrastructure projects, and they...

During this installment of the CDFA-Bricker Webinar Series, we focus on the activities traditional lending institutions are undertaking in the C-PACE market.

The purpose of this toolkit is to provide an overview of the tools in the development finance toolbox -- such as bonds, tax increment finance, tax credits, and revolving loan funds -- and how they can direct and attract capital to rural businesses...

During this installment of the CDFA // BNY Mellon Development Webcast Series, development finance practitioners highlight the variety of finance tools available for supporting affordable housing projects and discuss best practices for deploying...

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...

During this installment of the CDFA Food Systems Finance Webinar Series, we explore how programs at the state and federal levels can offer unique financing solutions and catalyze investment in local and regional food systems.

State Small Business Credit Initiative (SSBCI) credit support programs present an opportunity for community development financial institutions (CDFIs) to expand their lending to eligible small businesses, including to underserved small businesses...

This publication uses data from the 2022 Small Business Credit Survey (SBCS) to examine startup firms owned by people of color (that is, firms owned by people of color that launched in 2020 or later).

CDFA hosted an information briefing to discuss the Greenhouse Gas Reduction Fund's Clean Communities Investment Accelerator Competition. Speakers discussed eligibility under the competition and how to complete an intent to apply form.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists discuss rating agency trends and take a look at new initiatives being implemented that improve municipalities' bond ratings to attract new economic...