Category Public Policy

Today, July 30, 2015, Senators Stabenow, Shaheen, and Peters are reintroducing the Small Business Access to Capital Act of 2015 to provide another $1.5 billion in funding for the State Small Business Credit Initiative.

Yesterday, (July 23, 2015) the Senate Appropriations Committee reported out a Fiscal Year 2016 spending bill for Financial Services and General Government which included appropriations for the Treasury Department and the CDFI Fund. The Committee’s reported bill included a level of $221…

The Senate Finance Committee approved on July 21, 2015 a tax extender package.  The bill includes an amendment by Senator Cardin to increase NMTC credit authority to $3.94 billion for 2015 and 2016. The cost of the amendment is $230 million…

On June 15, the U.S. Treasury Department’s CDFI Fund announced that more than $3.5 billion in New Markets Tax Credit (NMTC) awards would aim towards spurring investment and economic growth in low-income urban neighborhoods and rural communities throughout the country.…

The CDFI Fund is sponsoring a great opportunity to learn about and receive training and assistance in forming and operating a Community Development Venture Capital (CDVC) fund.  We are cooperating with our sister CDFI trade associations in providing a series…

The pace has begun to pick up on Fiscal Year (FY) 2016 Appropriations. On April 22nd, the House Appropriations Committee approved the 302 (b) allocations for the 12 appropriations subcommittees. For the Financial Services Subcommittee, the total available is $20.25 billion,…

Three members of the House Ways and Means Committee, including Congressmen Pat Tiberi (R-OH), Tom Reed (R-NY) and Richard Neal (D-MA), introduced a bill to permanently extend the New Markets Tax Credit (NMTC) Program.  New Markets Tax Credit Extension Act of 2015…