NewsCDFI Leaders Testify at Senate Banking HearingOn January 5, the Senate Banking, Housing and Urban Affairs Committee’s Subcommittee on Housing, Transportation, and Community Development held a hearing entitled,… January 6, 2022
News$5 Billion in New Markets Tax Credit Allocations AnnouncedOn September 1, the CDFI Fund announced $5 billion in New Markets Tax Credit (NMTC) allocations through the Calendar Year 2020 allocation… September 13, 2021
NewsPresident Biden Releases Infrastructure PlanLast week President Biden laid out the framework for his $2.25 trillion infrastructure plan. The American Jobs Plan touches on a number of CDFI… April 6, 2021
NewsHistoric Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief BillUpdated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic… December 22, 2020
News$3.5 billion in New Markets Tax Credit Allocations AnnouncedOn July 15, the CDFI Fund announced $3.5 billion in New Markets Tax Credit (NMTC) allocations through the 2019 allocation round to 76 community… July 15, 2020
NewsCongress Approves $262 Million for CDFI Fund and Extends New Markets Tax CreditThe House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million… December 21, 2019
NewsCDFI Fund Opens the 2019 round of New Markets Tax CreditsThe CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2019 Calendar Year (CY) round of the New Markets… September 4, 2019
NewsOFN Testifies at Treasury Hearing on Opportunity Zone RegulationsThe Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone… August 2, 2019
