Development Districts
Tax Increment financing and Land Secured Bonds
Working with private developers and municipalities, Stifel utilizes a wide variety of economic development tools. In 2024, Stifel was the No. 1 underwriter in Tax Increment Financings (TIFs) and land-secured bonds. Every underwriting is based on the needs and requirements of the community and takes into account local statutes and ordinances and the shifting bond market.
TIFs are a strategic tool that allows local governments to leverage future increases in property tax revenue to fund development projects. Land-secured bonds, on the other hand, are backed by liens on specific parcels of land and are commonly used to finance essential public infrastructure.
Representative Transactions
Dollar volume represents full credit to each underwriter. All transaction announcements appear as a matter of record only. Stifel collectively refers to Stifel, Nicolaus & Company, Incorporated and other affiliated broker-dealer subsidiaries of Stifel Financial Corp.
Accolades
Leader
Stifel was the No. 1 underwriter of both TIFs and land-secured bonds in 2024.
Experienced
One of every three development deals was priced on a Stifel desk in 2024.
Community-Focused
Stifel has more than 250 banking professionals working across the United States.
Source: LSEG (Full to Book Equal if Joint) negotiated Assessment District, Mello-Roos, Tax Increment/Allocation revenue bond transactions ranked by par. As of January 2025.
Team
Peter Czajkowski
Director of Public Finance
Saint Louis
Jim Lahay
Managing Director
Saint Louis
Jake Campos
Managing Director
Los Angeles
Reid Cavnar
Managing Director
Montgomery
Greg Clark
Managing Director
Indianapolis
John Crandall
Managing Director
Salt Lake City
Matt Dugdale
Managing Director
Salt Lake City
Bob Franz
Managing Director
Cleveland
Ken Funderburk
Managing Director
Montgomery
Eileen Gallagher
Managing Director
San Francisco
Martin Ghafoori
Managing Director
Saint Louis
Erica Gonzalez
Managing Director
San Francisco
Bryan Huskey
Managing Director
Atlanta
Tom Jacob
Managing Director
Los Angeles
Patrick King
Managing Director
Columbus
John Klaus
Managing Director
Saint Louis
Matthew Levin
Managing Director
Dallas
Jandra Lubovich
Managing Director
Minneapolis
Alan Matlosz
Managing Director
Denver
Trey Monroe
Managing Director
Atlanta
Sara Oberlies Brown
Managing Director
San Francisco
Mark Quinn
Managing Director
Philadelphia
Laura Radcliff
Managing Director
Saint Louis
Mark Reader
Managing Director
Phoenix
Brent Robertson
Managing Director
Columbia
Michael Short
Managing Director
Kansas City
Andrew Tritt
Managing Director
Atlanta
Dawn Vincent
Managing Director
Los Angeles
David Coyne
Director
Montgomery
Jack Gusweiler
Director
Cincinnati
Brad Gysin
Director
Denver
Dane Kopinski
Director
San Antonio
Andrew Lanam
Director
Indianapolis
Jack Leeper
Director
Phoenix
Trevor McDonagh
Director
Saint Louis
Bret Shogren
Director
Wichita
Stifel Municipal Bond Calendar
Stay up to date on Stifel’s municipal bond activity throughout the United States. Our Municipal Bond Calendar showcases selected negotiated offerings that include anticipated par amounts, pricing dates, and Preliminary Official Statements. See important disclaimer information here.
| Anticipated Pricing Date | Type of Financing | State | Issuer | Issue | Anticipated Par | Rating (s) Moodys, S&P, Fitch | Federal Taxes | State Taxes | Preliminary Official Statement |
|---|---|---|---|---|---|---|---|---|---|
| Updates will be shared when available. Click here to see our full calendar. | |||||||||
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Stifel underwrites debt on behalf of municipalities throughout the nation. The bond issues represent selected negotiated offerings in which the firm will participate in. These bonds are subject to prior sale. This offering calendar is for information purposes only, and is not intended as an offer for solicitation with respect to the purchase or sale of any securities. New issues are offered by Official Statement only, which can be found by clicking the “POS button” for each respective deal under the Preliminary Official Statement column. Stifel encourages investors to work with their personal financial advisor when making decisions about buying or selling any security. These decisions should be guided by an overall financial plan specific to individual objectives, tax considerations and risk tolerance, as well as to market environments that may affect investments. If you have any questions regarding the process for selling municipal bonds at Stifel, please consult your financial advisor.
