OPPORTUNITY FINANCE NETWORK-FORMERLY NATIONAL COMMUNITY CAP

BUD · Budget/Appropriations

S. 1880 CDFI Bond Guarantee Program Improvement Act - This bill will authorize the program for four years, to provide certainty to borrowers and lenders. It will also reduce the minimum loan size to $25 million and remove the annual limit on guarantees, to allow smaller CDFI to utilize the program and to support more community development projects

Literal federal measure citations: S. 1880

TAX · Taxation/Internal Revenue Code

S.479/H.R. 1103 New Markets Tax Credit Extension Act of 2023 - 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). H.R. 1 One Big Beautiful Bill Act- This bill makes the New Markets Tax Credit permanent, improves the Low Income Housing Tax Credit, and extends and improves the Opportunity Zones program. H.R 2854 Neighborhood Homes Investment Act - This bill would create a new federal tax credit that will produce new equity investment dollars for the development and renovation of 1-4 family housing in distressed urban, suburban, and rural neighborhoods. H.R. 2725/S.1515 Affordable Housing Credit Improvement Act- This bill would make improvements to the low income housing tax credit (LIHTC)

Literal federal measure citations: S.479, H.R. 1103, H.R. 1, H.R 2854, H.R. 2725, S.1515

HOU · Housing

S. 1260 Rural Housing Services Reform Act- This bill would improve federal rural housing programs and increase affordable housing in small towns and rural communities.

Literal federal measure citations: S. 1260