Come Hear Experts' Insights on Unlocking Capital for Native American Communities
Developing an understanding of tribal business practices and engaging with trusted partners is critical to successfully deploying capital. Join us at the CDFA National Development Finance Summit, Presented by CHFA, in Denver, CO on Thursday, November 3 for a session on preserving and growing tribal communities by unlocking specific development finance tools, as well as successful case studies that have utilized these tools.
Vermont Announces Bonus Round of State Tax Credits
The Vermont Agency of Commerce and Community Development is making available $800,000 in state income tax credits beginning next year for projects designed to enhance the state's history while improving building safety at aging historic commercial and community structures.
New Jersey Creates $305M Fund to Complete Affordable Housing Projects
The New Jersey Housing and Mortgage Finance Agency (HMFA) announced the creation of a new Affordable Housing Production Fund to assist developers with gaps in financing for 100 percent affordable housing projects. Applications will be accepted on a rolling basis beginning on November 1, 2022.
U.S. Tax Credits Set to Spur Bigger Wind Farms, New Siting Strategies
The IRA extends tax credits for wind and solar for the next ten years and allows stand-alone energy storage projects to qualify for the first time. The bill also includes tax credits for the manufacturing of wind and solar components.
California Provides Tax Credits for Cannabis Businesses
California provides two new tax credits for cannabis businesses for tax years 2023 through 2027. One is for so-called "high-road" employers who meet specified employment requirements. The other is for cannabis equity licensees.
Arkansas Groups Form Coalition to Focus on Tax Credits, Better Benefits to Help Families
The Arkansas Coalition for Strong Families is a new group formed to encourage the state to invest in kids and families ahead of the 2023 Arkansas Legislative Session. The Arkansas Advocates for Children and Families, the Urban League of the State of Arkansas, and the Arkansas Education Association are among 15 organizations that are part of the newly formed group.
Biden-Harris Administration Announces Progress in Implementing Its Housing Supply Action Plan
The Biden-Harris Administration is announcing key progress on implementing its Housing Supply Action Plan. The President believes that policies that boost the supply of affordable housing are critical to easing the burden of rising housing costs for renters and aspiring homeowners, and must be taken in combination with actions that address near-term housing affordability and promote fair housing.
Impact of Food-Related NMTC Investments Can Ripple through Communities
New markets tax credits (NMTC) can be used to reduce the impacts of climate change, including future food scarcity for low-income communities, and increase opportunities for communities of color. This article focuses on investments relating to food, and how leaders of community development entities (CDEs) allocate the new markets tax credit and measure the success of their endeavors.