CDFA Brownfields Finance Update - April 2, 2024

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Features

Join CDFA for the Return of the Revolving Loan Fund WebCourse Week!

Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

$3M Awarded for Project to Help Clean Contaminated Site in Harrison County, MS

An appropriations bill in the U.S. Senate could bring tens of millions of dollars for cargo and infrastructure projects in Mississippi, with several million dollars coming to the Coast. The Harrison County Development Commission (HCDC) said the FY2024 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Bill would award $3 million for a project in Gulfport.

Michigan Expands Building Financing Option for More Affordable Housing

The state of Michigan is expanding the Brownfield Tax Increment Financing (TIF) program in an effort to generate more affordable housing in Michigan. It is no longer limited to brownfields. As enacted, Senate Bills 129, 130, 131, and 132 make it so builders develop affordable housing anywhere in the state as long as it is on non-agricultural land.

EPA Partners With Passamaquoddy Tribe on Brownfields Development Strategies

The U.S. Environmental Protection Agency (EPA) announced that the Passamaquoddy Tribe at Pleasant Point in Maine will receive technical assistance through the Building Blocks for Sustainable Communities program. Together, EPA and the Passamaquoddy Tribe will pursue development strategies that expand upon existing brownfields efforts and advance clean air, clean water, equitable development, and other local goals.

Wayne County, NY Gets $2M in Grants for Brownfield Sites

Wayne County has been awarded $2 million in grants from the U.S. Environmental Protection Agency (EPA) to support its efforts in cleaning up and repurposing unused and polluted lands, known as brownfields. This funding is a significant boost to the county's mission to turn these neglected sites into valuable community spaces.

Upcoming Events

CDFA-Bricker Graydon Webinar Series: Revitalizing Brownfields with TIFs and Special Assessments
April 9, 2024 - 2:00 PM - 4:00 PM Eastern

Join expert speakers to learn how communities are diversifying their capital stacks by using tax increment financing (TIF) and special assessments to reimburse brownfield-related costs incurred while redeveloping these contaminated, functionally obsolete, blighted, historic, or otherwise eligible properties.

CDFA // BNY Mellon Development Finance Webcast Series: Why Bond Deals Go Bad
April 16, 2024 - 2:00 PM - 3:00 PM Eastern

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

Brownfields Financing Headlines

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The Council of Development Finance Agencies (CDFA) is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information, visit www.CDFA.net or email info@cdfa.net.

Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net