The Bond Finance Reference Guide provides readers with a thorough understanding of the different types of bonds, key players in a bond transaction, strategies and techniques in structuring, sizing, and closing bonds, the process of issuing bonds,...

The New Partnership on Infrastructure seeks to advance national policies driven by local innovation, with cities serving as testbeds for experimentation and transferable solutions. This document champions that idea. It is a summation of local...

During the final installment of this year’s CDFA-PFM Capital Markets Webinar Series, we talked about bond guarantee and credit enhancement programs and how they can be a solution for long-term recovery.

A new paradigm is emerging – one in which mainstream investors increasingly want to invest in the social, economic, and environmental well-being of communities. LISC's research paper, CDFIs and the Capital Markets: Tapping into Impact Investors,...

While digital technology has transformed virtually every industry, in certain respects the muni bond market continues to operate in ways that date back to its origins more than 200 years ago. In this Bond Buyer white paper, find out how new...

El Paso County this month completed a $50 million bond sale with an option redemption enhancement, the first such transaction in the Lone Star State. Ramirez & Co., which introduced the feature in January, says the option redemption enhancement, or...

Patrick Rutledge, Public Finance Relationship Manager for FHLBank Atlanta, provides an overview of LOCs and discusses opportunities for affordable housing and economic development.

During this CDFA // BNY Mellon Development Finance Webcast, speakers Rachel Cortez of Moody's Investor Service, Laura Kuffler-MacDonald of Standard & Poor's, and Richard Raphael of Fitch Ratings go over the role of credit ratings in the bond...

During this CDFA // BNY Mellon Development Finance Webcast, speakers Rachel Cortez of Moody's Investor Service, Laura Kuffler-MacDonald of Standard & Poor's, and Richard Raphael of Fitch Ratings go over the role of credit ratings in the bond...

Patrick Rutledge, Public Finance Relationship Manager for FHLBank Atlanta, provides an overview of LOCs and discusses opportunities for affordable housing and economic development.

Strafford's shows special districts can provide a win-win-win situation for the local jurisdiction, the developer, and the ultimate owners of the benefited properties. Lending institutions, which advance credit to borrowers on properties located in...

Stephen Friedman, President of SB Friedman, cover the ways individual development finance tools can be combine to create the extraordinary deals that bring about amazing developments. From TIF and special assessment to the full municipal credit and...

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

Bond Buyer released their annual review of the municipal bond market, highlighting major trends and activities across the industry. Highlights include: refunding decline, insurance, state revenue outlooks and more.

The SEE Action Network released this primer provides an overview of key considerations for policymakers, program administrators, and partners on designing and implementing successful credit enhancement strategies to catalyze clean energy investment.

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.

Fitch Ratings says that it is possible for the ratings of an infrastructure project under construction to exceed that of the contractor building it up by two categories. Projects using established technology, where the base cost budget and schedule...

The Clean Energy + Bond Finance Initiative released this report detailing how states and cities are using bonds and other existing tools to finance clean energy development. The report explores state and city examples of new financial structures,...

This paper from the Clean Energy + Bond Finance Initiative proposes a state-driven federal clean energy finance initiative to effectively leverage private financing for clean energy development.

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...

Drew Marlar and Leslie Powell of Kutak Rock cover access to capital tools to drive business and industry investment throughout the state of Georgia with a primary focus on the CDFI Fund Bond Guarantee Program and New Markets Tax Credit programs.

Orrick, Herrington & Sutcliffe published this guidebook for general informational purposes concerning water and wastewater utilities. The purpose of the guidebook is to provide an overview of issues relating to the financing of these projects, more...

The U.S. Department of the Treasury released the annual report for Community Development Financial Institutions Fund. The report showcases both accomplishments of programs at CDFI Fund as well as the tremendous impact that CDFIs are having across...

The Columbus-Franklin County Finance Authority Financing in Partnership with Banks Program is aimed at improving access to tax-exempt markets for manufacturers and 501(c)(3) businesses. This document outlines how the program can be utilized.

Standard & Poor's released their full analysis credit rating analysis of Build America Mutual Assurance Company. The report explains major rating factors, outlook, structure and more.

Bellwether Enterprise packages the Fannie Mae Bond Credit Enhancement program into a concise, informative document.

The Arkansas Bond Guaranty Program allows companies who lack the financial strength to access capital markets by providing credit enhancement.

Council of Infrastructure Financing Authorities Analysis of State Bond Banks prepared by Government Finance Group broadly explains bond banks, components, and strategies.

Oklahoma State Bond Advisor released their 2011 annual report with detailed information about bond rating, performance, and projects.

C. Baird Brown and Christopher Berendt share financing options for community scale renewable energy projects.

This report from DBRS discusses the company's methodology for rating financings enhanced with a direct pay letter of credit. Topics include sizing analysis, LOC replenishment, and operational risks.

This chart from the Maryland Dept. of Business & Economic Development provides basic information for every loan-related program offered in the state.

This memo from the California Treasurer's Office reports on a recent U.S. Small Business Administration clarification of the way SBA 504 loans and IDBs can work together on a single project. The memo includes a sample of an allowable financing...

The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...

This case study of an affordable housing redevelopment project was provided by Lancaster Pollard. Millennia Housing Management used credit-enhanced tax-exempt bonds, Low Income Housing Tax Credits, Financing Adjustment Facto loans, and HUD...

The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques, including the application of financial derivatives,...

The purpose of this 2009 study is to assess levels and components of outstanding State of Maine moral obligation bond debt.

Doug Iverson of FHLB Indianapolis examines the use of the newly authorized FHLB letter of credit for tax-exempt bond transactions.

Eileen Marxen of the California Industrial Development Financing Advisory Commission gave this case study presentation of how CIDFAC was able to utilize a FHLB letter of credit on an industrial development bond deal.

Bob Lind from the city of Minneapolis demonstrates their Common Bond Fund in this presentation. Minneapolis has built layers of security into the fund, and it is now one of the central pieces of the city's economic development strategy.

The California Enterprise Development Authority (CEDA) and California Industrial Development Financing Advisory Commission (CIDFAC) have closed on the first industrial development bond (IDB) deal to utilize a new provision that allows Federal Home...

This notice from the IRS provides guidance concerning changes made in the Housing Assistance Tax Act of 2008. Included in the notice is a state-by-state breakdown of the distribution of an additional $11 billion in volume cap for housing bonds and...

Craig Howie discusses the Federal Home Loan Bank (FHLB) system, its purpose, new authority and collateralization. The presentation discusses the impact of the recent authority as well as an example of a bond deal.

The Federal Home Loan Banks (FHLBs) have begun to mobilize and implement new legislation included in the recently passed housing bill. One provision of the bill permits FHLBs to issuer letters of credit (LOCs) on tax-exempt bond deals.

Robert Liden of ACA Capital presented at the CDFA Annual Summit about variable rate demand bonds and fixed-rate insured bonds.

Presentation covering the Arkansas Development Finance Authority Bond Guaranty Program. This file is very large and may take a few minutes to open and download.

This article addressed how to size the Letter of Credit (LOC) interest coverage.

This article provides a copy of a study conducted for Mark Huston, Manger, Business Finance, Oregon Economic and Community Development Department. Mark authorized the wider distribution of this report on state and city credit enhancement programs...

Well over 60% of tax-exempt bonds are issued with some form of credit enhancement. This article examines a few of the most common forms of credit enhancement -- bond insurance and bank letters of credit.