Recent News

Wednesday, April 1, 2020

Jodi Harris, director of the Community Development Financial Institutions (CDFI) Fund, today released a statement concerning the organization’s adaptation to the COVID-19 pandemic. Harris said she expects the CDFI Fund to continue to administer its funding rounds “on a timely basis,” but said the CDFI Fund is “routinely evaluating” its processes.

Monday, March 30, 2020

The Internal Revenue Service (IRS) will publish a notice in Tuesday’s Federal Register, seeking comment on IRS Form 8874-A, Notice of Qualified Equity Investment for New Markets Tax Credit. There are no changes recommended for the form.

Friday, March 27, 2020

President Donald Trump today signed the Coronavirus Aid, Relief and Economic Security (CARES) Act (Senate Amendment to H.R. 748), a $2 trillion bill that includes financial aid to individuals, businesses, nonprofits and state and local governments.

Friday, March 27, 2020

The House of Representatives today passed the Coronavirus Aid, Relief and Economic Security (CARES) Act (Senate Amendment to H.R. 748), by a voice vote, sending the bill to President Donald Trump, who has said he would immediately sign the legislation. The $2 trillion bill includes financial aid to individuals, businesses, nonprofits and state and local governments.

Thursday, March 26, 2020

The House of Representatives will take up discussion of the Coronavirus Aid, Relief and Economic Security (CARES) Act (Senate Amendment to H.R. 748), after the Senate passed the COVID-19 relief legislation by a 96-0 vote last night. The House is expected to vote by Friday and President Donald Trump has said he would sign the legislation.

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