Transformational Brownfield Plan Driving MSF Investments in Detroit, MI
The Michigan Strategic Fund board has authorized vital funds for Bedrock Management Services’ long-anticipated transformation of some of the highest profile brownfield properties in the state.
Opportunity Zones – Driving Community Development Finance Through Equity Investments
In this blog post, CDFAs own Katie Kramer discusses the basics of Opportunity Zones and how this tax incentive could be used to spur investment into low-income and underserved communities across the country.
Using State Revolving Funds for Land Conservation
States can now apply an emerging and innovative use of SRFs known as “sponsorship” that allows public, nonprofit and private entities access to financing necessary to implement land conservation and restoration projects that benefit local water quality.
Commonwealth Infrastructure Fund Names Managing Director
Veteran financier Jacob Schirmer has been named Managing Director of the Commonwealth Infrastructure Fund (CIF), a privately managed fund formed last year to support investments in public-private partnerships (P3s) in Kentucky.
$100K in Catalytic Investment Awards Announced By MGFF
The Michigan Good Food Fund is offering $100,000 in new Catalytic Investment Awards to grow Michigan food businesses. Applications must be completed online by June 1, 2018 with awards announced mid-June.
Federal Reserve Bank Releases New Opportunity Zones Explorer
The new Opportunity Zones Explorer, released by the Federal Reserve Bank of St. Louis, allows you to view designated opportunity zones for each state. The Explorer also includes data on displacement risk and investment score.
Central Servicing Agent Completes Major Modernization of SBA 504 Program
This migration – accomplished in February of 2018 – marks the completion of a second major step in SBA’s long-term strategy to streamline the SBA 504 loan process for small business borrowers and the nation’s Certified Development Companies (CDCs).
House Farm Bill Fails As Conservatives Revolt Over Immigration
The House rejected the $867 billion farm bill — after spending days negotiating with key conservatives in an attempt to pass the bill without the support of Democrats.