Most resources in the ORD are available to CDFA members only. CDFA members should login with their CDFA Account at the top of the page to access the full set of resources. Non-members are encouraged to
Accelerating the Payment of PACE AssessmentsMembers only Login
This Clean Energy Financing Policy Brief from Lawrence Berkeley National Laboratory is a short and simple document that addresses various complex issues such as bond default, how property assessment acceleration works, protecting mortgage holders,...
Clean Energy Bond Finance Model: Morris Model
The Clean Energy + Bond Finance Initiative created this recommended financing model factsheet for clean energy development. The 'Morris Model' leverages bond finance and other tools to achieve relatively low-cost capital for renewable energy...
How Bonds are Structured and SoldMembers only Login
This presentation by Lawrence Tonomura of Bank of America Merrill Lynch covers how bonds are structured and sold. Several different structures are presented through case studies of actual bond finance deals.
CDFA Bond Finance Resource Center
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...
Advanced Bond Finance Reference Guide
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,...
Structuring and Marketing a Negotiated Bond Issue
Tina Neal's presentation discusses fixed and variable rate debt issuances and the advantages and disadvantages of each. The presentation also examines how bonds are structured and sized. Neal also discusses the cost of issuance and how a bond deal...
Direct Purchase Private Placement Bonds
Stephen Crawford, Vice President with GE Government Finance, presents about direct purchase and private placement of bonds from the perspective of a direct purchaser.
How Bonds are Structured and Sold
Mike Davis, Senior Vice President with Morgan Keegan & Company, Inc. discusses how bonds are structured and sold. The presentation discusses both public offering and direct purchase of qualified IDBs as well as fixed rate and variable rate interest...
How IDBs are Structured & PlacedMembers only Login
Tina Neal, of Ferris, Baker Watts, Inc., discusses traditional debt offerings and how their are structured and sold. The presentation also discusses the differences between taxable and tax-exempt offerings, understanding the role of the...
Structuring & Sizing Bond Issues
Christoph Muelbert, of Lehman Brothers, presentation gives an update of the bond market, fixed versus variable rate debt options, and how to structure and size a bond issuance. Muelbert also discusses bringing a negotiated bond sale to market.
Structural Approaches
This is a presentation by Kip Walhers of Calfee, Halter & Griswold LLP about pooled bond fund structures.
Evaluation Competitive vs. Negotiated Sale Methods
Presentation by Steven Davidson from The Bond Market Association (TBMA) covering the evaluation in using the competitive vs. negotiated sales approach in bond financing. This file is very large and may take a few minutes to open and/or download.
Competitive versus Negotiated Sale of Debt Issue Brief
Most bond industry professionals would agree that neither the competitive sale nor the negotiated method of sale is ideal for all bond issues. The appropriate method of sale should be determined on a case-by-case basis after evaluating a number of...
CDFA Spotlight: IRS Audits Increase Interest Rates
This article covers the market effects of municipal bond tax audit disclosures. This subject has become of greater interest over the past decade as the IRS has increased the number of audits. The article rests on research by Lori Trawinski,...
CDFA Spotlight: Bank Pricing of Non-Qualified Bonds
This article present material from the Banker's Guide of the St. Louis County Economic Council prepared by Rick Palank, Vice President and a CDFA board member. The focus of this article is some guidance on how banks that purchase Small Issue bonds...