Green bonds are debt securities issued to raise capital specifically for projects that have positive environmental benefits, such as addressing climate change, reducing carbon emissions, or improving environmental sustainability. During this...

Following passage of the One Big, Beautiful Bill Act, which lowered the bond-financing threshold for 4% Housing Credits from 50% to 25%, the Affordable Housing Tax Credit Coalition (AHTCC) has released recommended practices to guide state and local...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists explain the potential reasons bond deals fail and share advice on how to avoid or mitigate these risks.

In 2021, the 50 states and the District of Columbia received $39.3 billion in new volume cap allocation. In 2022, the 50 states and the District of Columbia received $39.8 billion in new volume cap allocation, an increase of $422.9 million from the...

During this CDFA Advocacy Briefing, CDFA presented key trends from the "Annual Volume Cap Report: An Analysis of 2021-2023 Private Activity Bonds & Volume Cap Trends," with experts discussing how those trends lead into today.

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists discuss how municipal bonds can be used widely and effectively in the revitalization of rural America.

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,...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists discuss evolving trends in credit evaluations and how these developments can improve the accuracy, timeliness, and comprehensiveness of ratings to the benefit...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists discuss how they successfully use Social Impact Bonds (SIBs) and other pay for success methodologies to mobilize private capital to fund projects in underserved...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists provide an in-depth look at Low-Income Housing Tax Credit (LIHTC) bonds and how they’ve been used to finance the construction and rehabilitation of affordable...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists will explore the impact of federal tax policies, budget priorities, and political trends on the use and structure of PABs in financing critical public-private...

During the CDFA Advocacy Briefing: Preserve & Protect Tax-Exempt Bonds, experts discuss the threat to tax-exempt bonds and how you can get engaged to help preserve and protect this bedrock development finance tool.threat to tax-exempt bonds and how...

In this installment of the CDFA Food Systems Finance Webinar Series, we explore how food- and agriculture-related businesses—particularly those serving historically underserved communities—can access bonds to drive economic development and foster a...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists share their stories on how they utilized disaster recovery bonds to finance recovery efforts, restore infrastructure, and stimulate economic growth in affected...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists identify trends shaping national bond markets and explore the economic opportunities for local projects.

During this installment of the CDFA // BNY Development Finance Webcast Series, local practitioners present their Common Bond Reserve Fund program models to demonstrate the potential of this innovative pathway for increasing access to capital.

 During this installment of the CDFA // BNY Development Finance Webcast Series, panelists tap into the core principles of tax-exempt financing for manufacturers and 501(c)(3) organizations, covering key aspects such as eligible issuers, assets, and...

The consequences of the election have public finance leaders making plans for addressing key issues vital to the municipal bond market. "The most oblivious and pressing issue is preserving and protecting all tax-exempt bonds during any attempt at...

Most low- to moderate-income households in North America must contend with the critical shortage in medium-density housing. Since the mid-1940s, American cities have been emblematic of low- and high-density developments with little in-between. The...

During this installment of the CDFA // BNY Development Finance Webcast Series, speakers from various credit rating agencies discuss their rating criteria and methodology. The discussion also encompass factors influencing bond ratings, along with...

Document for CDFA members to support the introduction and passage of legislation to make Disaster Recovery Bonds a permanent category of private activity bonds.

As the nation prepares to celebrate Manufacturing Day and National Farmer’s Day, CDFA is again urging federal policymakers to pass the Modernizing Agricultural and Manufacturing Bonds Act (MAMBA), which would enact bond financing reform for...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists provide an overview of these two new categories and illustrate how they might be better utilized in communities across the country.

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists discuss how social bonds can be used to provide low-interest loans to high-performing public charter schools to provide transformative educational opportunities...

During this installment of the CDFA // BNY Development Finance Webcast Series, panelists discuss ESG principles, how they have impacted the bond market, what role they play in the larger financial market, and where they see those impacts continuing...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists walk through the impact of rate hikes on yield and arbitrage and share best practices for managing these impacts.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists unravel the multifaceted dimensions of AI's role in the municipal market, potential advantages and challenges that arise from embracing AI, and its...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists explore factors that contributed to the challenges these high-profile deals encountered and discuss best practices for development finance practitioners...

This notice provides guidance for qualified student loan bonds to clarify certain requirements for tax-exempt bond financing for loan programs of general application approved by a State under § 144(b)(1)(B) (State Supplemental Loan programs). ...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists discuss the importance of bond banks, explore their roles, and focus on how they help communities move forward.

During this installment of the CDFA Food Systems Finance Webinar Series, speakers explore the potential for leveraging this foundational financing tool to cultivate resilient and thriving local and regional food systems.

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists share how communities can use bonds in conjunction with tax increment financing, federal legislative programs, and other development financing tools for...

The U.S. Small Business Administration (SBA) adopted the alternative size standard for its 7(a) Business and Certified Development Company (CDC/504) Loan Programs (collectively “Business Loan Programs”) and the statutory limits for contract size...

During this installment of the CDFA // BNY Mellon Development Finance Webcast Series, panelists identify trends shaping national bond markets and discuss the economic opportunities to expect for local projects.

As housing costs have risen in the first part of the 21st century, American households have struggled to compete for high-quality housing near areas of employment. Many individuals and families in these areas do not earn enough to afford market-rate...

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...

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...

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...

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...

CDFA's Modernizing Agricultural and Manufacturing Bonds Act was introduced as H.R. 3787 in the U.S. House of Representatives with bipartisan support by Rep. LaHood (R-IL), Kildee (D-MI), Feenstra (R-IA), and Evans (D-PA).

The most flexible, transparent, and customized financing built exclusively for organic, regenerative, and transitioning farmers.

This guide was written for people who need assistance starting, expanding, or owning a farm or ranch. This guide will help you identify concerns and questions you may have before you start the loan process.

A new report from Croatan Institute highlights how the Soil Wealth Area model can facilitate more investment in regenerative agriculture, enhance conservation, and support resilient rural economies. The report provides specific recommendations for...

The CDFA Disaster Recovery Bonds Policy Proposal outlines the CDFA national legislative proposal for a special, permanent category of Disaster Recovery Bonds.

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...

Regenerative farms rely on small-to-mid scale, aligned infrastructure to process, transport, and market their products. These middle infrastructure businesses help to improve farm income and bolster regional food economies while providing...

This white paper examines: CMB Basics, CMBs in a theoretical historical context, a theoretical example of CMBs in Colorado, a second example of how CMBs could work in Minnesota, CMB legal considerations, CMBs and COVID-19, best markets for CMBs, and...

More than two dozen advocates for low-income housing and community investment are sounding the alarm over the global tax deal agreed to by the U.S. and dozens of other countries. The advocates specifically are worried about proposed rules for a...

Long-awaited federal legislation addressing the phase-out of United States market reliance upon the London Interbank Offered Rate (“LIBOR”)1 as a reference rate was signed into law. With less than 16 months remaining before the expected end of USD...