Reserve your spot at the 2024 CDFA Federal Policy Conference on April 2-3, 2024, in Washington, D.C. CDFA, with sponsorship by Ice Miller LLP and Grow America, will bring together leaders from the Biden administration, Congress, federal agencies, nonprofit organizations, and finance agencies who will discuss a range of federal legislative and policy topics. Interact with reps from the Department of the Treasury, the Small Business Administration, and the Environmental Protection Agency. Space is limited; act fast!

City Council approved $5 million in tax increment financing toward a "gut rehab" of a 10,500-square-foot restaurant hub in Englewood. Pass the Peas, a casual soul food diner, and Ellie's Urban Grill, a sports and entertainment restaurant, will set up shop in the hub. The space will also have a pop-up kitchen for aspiring restaurateurs and three small offices. The total cost to complete the project is about $7.1 million, and the group has about $2 million in lender financing and $90,000 in equity.

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.

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.

The Syracuse, IN Town Council introduced a tax increment finance (TIF) bond for Rabbit Ridge Development during its regular meeting. The bond will provide 80% of the income from the TIF district to Rabbit Ridge and 20% to the town for 20 years. The owner of the property will purchase the bond for an estimated value of $1.6 million. Funds from the TIF are to be used for engineering and infrastructure costs. After 20 years, proceeds from the TIF will revert to the town and other taxing entities.

In the first step toward establishing a new tax increment financing (TIF) district, which has the potential to revive undeveloped and derelict properties along N Classen Boulevard, Oklahoma City councilors adopted the first step. The Classen Corridor Revitalization Tax Incentive Fund Review Committee will be responsible for evaluating financial impact assessments for the proposed district.

State officials have given preliminary tax increment financing (TIF) approval to a proposed $1.4 billion multiuse development at Lexington Road and Grinstead Drive east of downtown Louisville that is pitched as one that can bring the city office tenants not satisfied with traditional space, including prospects now outside Kentucky. The information presented by cabinet personnel at the Kentucky Economic Development Finance Authority (KEDFA) meeting showed the estimated impact of One Park and its infrastructure would be $17.4 billion over the next 30 years.

The Missoula City Council placed its final stamp of approval on a number of agreements surrounding a large workforce housing project planned for Missoula's Northside Neighborhood project, including its plans to bond up to $9.8 million to make the project work.

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

Intro Revolving Loan Fund WebCourse
May 13-14, 2024 - Daily: 12:00 PM - 5:00 PM Eastern

>>> VIEW THE TIF RESOURCE CENTER