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News
The Rhode Island Commerce Corporation is seeking applications for the Rebuild RI Tax Credit Program, including historic rehabilitation properties, affordable housing and mixed-use development in opportunity zones (OZs). There is up to $15 million in credits available.
The Office of the Comptroller of the Currency (OCC) today released a notice of proposed rulemaking to reform the Community Reinvestment Act (CRA) regulations. The OCC was joined by the Federal Deposit Insurance Corporation, which is one of three federal regulators that oversee the CRA. The Federal Reserve Board of Governors did not sign on.
Sens. Michael Bennet, D-Colo., and Rob Portman, R-Ohio, today introduced the Eviction Crisis Act, a bill to create an Emergency Assistance Fund (EAF) that would help extremely low-income households overcome a short-term crisis in housing stability. The EAF would function as a competitive grant program administered by the U.S. Department of Housing and Urban Development (HUD), with state and local governments as eligible grantees.
Every Democratic member of the House Financial Services Committee and the Senate Committee on Banking, Housing and Urban Affairs signed a letter demanding adequate time to review and offer input on proposed changes to framework of the Community Reinvestment Act (CRA).
The U.S. Department of Housing and Urban Development (HUD) Tuesday announced nearly $200 million in grant awards to 52 Native American tribes and tribally designated housing entities for new housing construction, housing rehabilitation and infrastructure. The grants, awarded through HUD’s Indian Housing Block Grant program, will help build approximately 1,200 new housing units for low-income families. Eleven of the 52 grantees are in opportunity zones.
A group of 22 senators sent a letter to Senate leadership Monday calling for the inclusion of clean energy tax incentives in any year-end tax legislation. The letter specifically called for the inclusion of the renewable energy investment tax credit (ITC), the ITC for offshore wind and for energy storage.
Qualified opportunity funds (QOFs) on the Novogradac Opportunity Funds Listing report having raised $4.46 billion–nearly 40 percent more than in Novogradac’s previous report in October.
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