OPPORTUNITY FINANCE NETWORK-FORMERLY NATIONAL COMMUNITY CAP

Budget/Appropriations

H.R. 2617 Consolidated Appropriations Act 2023- This covers the financial services and general government appropriations bill for FY 2023 and specifically funds several programs that CDFIs can access

TargetedSENATE · HOUSE OF REPRESENTATIVES

Taxation/Internal Revenue Code

S.456/H.R. 1321 New Markets Tax Credit Extension Act of 2021 - This bill makes the new markets tax credit permanent. It also modifies the credit to (1) provide for an inflation adjustment to the limitation amount for the credit after 2018, and (2) allow an offset against the alternative minimum tax for the credit (determined with respect to qualified equity investments initially made after 2018).

TargetedSENATE · HOUSE OF REPRESENTATIVES

Housing

S. 2092/HR 6331 Native American Rural Homeownership Improvement Act - This bill would make permanent the Section 502 Single Family Housing Direct Loan Relending Program for Native Americans. H.R. Build Housing with Care Act of 2022- Providing funding for affordable housing developments that include childcare facilities.