This Learning Series will assist development finance professionals with incorporating equitable lending best practices to remove barriers to affordable capital for underserved borrowers. Join us on May 28 for insights on Strategic Partnerships for Sharing Financial Risk!

State financing for the Marcus Garvey Extension Phase 2 includes $20 million in permanent tax-exempt bonds, $116 million in Federal and State Low-Income Housing Tax Credit equity, and $36.5 million in HCR Supportive Housing Opportunity Program subsidy. The New York City Department of Housing Preservation and Development is providing $22.3 million through the Supportive Housing Loan Program.

The Council of Development Finance Agencies (CDFA) is pleased to announce Julie Behrens, Adjunct Instructor for Baruch College in New York, NY, as the newest graduate of the prestigious Development Finance Certified Professional (DFCP) program. Ms. Behrens joins numerous fellow graduates who are recognized as the most qualified leaders in development finance and are equipped to tackle the complexities of the industry.

The N.C. Department of Agriculture and Consumer Services is offering $6.2 million in funding through a new grant program geared toward small agribusinesses and designed to strengthen the middle of the food supply chain. Grants of up to $100,000 for equipment-only purchases and up to $2 million for infrastructure projects will be available through a competitive application process.

Mitchell Smith, CDFA's Senior Director of Government & External Affairs, joined CohnReznick in Miami to speak at their annual New Markets Tax Credit (NMTC) Summit! Mitchell shared his expertise at the session, "Ballot boxes, budgets, and bipartisanship: The legislative state of the NMTC in the 2024 election year."

Alabama Governor Kay Ivey recently signed legislation creating a state Low-Income Housing Tax Credit (LIHTC) for properties that receive federal 4% LIHTCs. H.B. 346 creates the Alabama Workforce Housing Tax Credit, with a $5 million annual statewide cap and a $2 million annual project cap. For each award cycle, 20% to 25% of the cap will be awarded to rural properties, with the remainder awarded to qualified projects without geographic limitation.

Harris County has launched its first-ever revolving loan program, the Harris County Opportunity Fund, specifically designed to bolster small businesses, with a focus on enterprises owned by minorities and women. This innovative initiative was approved by the Commissioner's Court and is being spearheaded by Commissioner Rodney Ellis, who expressed his pride and optimism for the positive impact this program is set to deliver.

Berkadia has arranged financing for Englewood Senior, a 160-unit affordable seniors housing development in Atlanta. Located at 413 Englewood Ave. SE, the proposed $72 million development would offer independent living units for seniors earning 60 percent or less of the area median income. Planned amenities at the property include a fitness center, movie theater, community room, and an outdoor courtyard.

Cuyahoga County is looking for an Economic & Community Development Program Specialist. The purpose of this classification is to coordinate and manage economic and community development programs that support business and commercial vitality. This is a professional level classification that is responsible for administering economic development programs and servicing a portfolio of economic development loans and grants. The incumbent is expected to work independently and ensure that all activities are performed in a timely manner and according to policies, procedures, and regulations.

The Department of Commerce is conducting a Request for Information (RFI) to solicit input from firms in the public finance and market feasibility consulting industries on a draft Request for Qualifications (RFQ) planned for the spring of 2025. The purpose of the future RFQ will be to create a pool of qualified consultants that will assist the Washington State Department of Commerce with serving Public Facility Districts in Washington state with their financial feasibility review needs.

The Oregon Department of Environmental Quality has a full-time opportunity for a Senior Loan Specialist, Clean Water State Revolving Fund (Loan Specialist 3) in Eugene, Portland, or Salem, Oregon. This position is in the Community and Program Assistance section which provides overall leadership and program guidance for the state's Clean Water State Revolving Fund loan program and other water quality grants and financial aid programs. Application deadline is May 27, 2024.

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