Opportunity finance news, stories, and voices

 

Mary Scott Hardwick / August 2, 2019 / Policy

The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone regulations on July 9, 2019. OFN testified at the hearing to emphasize the need for data collection, transparency, and anti-fraud provisions to ensure the program ha

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Mary Scott Hardwick / July 2, 2019 / Policy

The authorization for the New Markets Tax Credit (NMTC) is set to expire at the end of 2019 and Congress has begun working on a plan for extending this valuable community development tool. The House and Senate are each pursuing their own paths to extend the NMTC.

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Dafina Williams / June 4, 2019 / Policy

On June 3, the House Appropriations Financial Services and General Government (FSGG) Subcomittee approved its FY 2020 appropriations bill which included $300 million for the CDFI Fund, the h

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Mary Scott Hardwick / June 4, 2019 / Policy

The IRS and Department of the Treasury recently closed a Request for Information commenting period on reporting, data collection, and transparency requirements for Opportunity Zones.

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