He does exist! I’m back from DC and am pleased with our activities while there.
The week included two NMTC conferences (Novogradac and NMTC Coalition), a NMTC Coalition Board meeting, a couple of media interviews (Cleveland Plain Dealer and Wall Street Journal), a panel presentation at the Coalition conference, a fundraising breakfast with Rep. Richard Neal of Massachusetts, and a number of hill visits.
The week was capped off by offering testimony to a Congressional public hearing held by the Select Revenue Measures (Chair Richard Neal (MA)) a subcommittee of Ways and Means and Domestic Monetary Policy and Technology (Chair Melvin Watts (NC)) a subcommittee of Financial Services. The topic was a report by the Government Accounting Office (GAO) entitled “NEW MARKETS TAX CREDIT: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entities” (blogged – A D.C. Visit, June 15, 2009). There were seven witnesses; Donna Gambrell, CDFI Fund; Michael Brostek, GAO; Ron Phillips, NMTC Coalition; Blondel Pinnock, Carver Federal Savings Bank; William Cunningham, Creative Investment Research, Inc; Joseph Haskins, Harbor Bank; and me.
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Welcome to the Finance Fund Blog!
He Does Exist!
written on July 2nd, 2009 | by James R. Klein
He does exist! I’m back from DC and am pleased with our activities while there.
The week included two NMTC conferences (Novogradac and NMTC Coalition), a NMTC Coalition Board meeting, a couple of media interviews (Cleveland Plain Dealer and Wall Street Journal), a panel presentation at the Coalition conference, a fundraising breakfast with Rep. Richard Neal of Massachusetts, and a number of hill visits.
The week was capped off by offering testimony to a Congressional public hearing held by the Select Revenue Measures (Chair Richard Neal (MA)) a subcommittee of Ways and Means and Domestic Monetary Policy and Technology (Chair Melvin Watts (NC)) a subcommittee of Financial Services. The topic was a report by the Government Accounting Office (GAO) entitled “NEW MARKETS TAX CREDIT: Minority Entities Are Less Successful in Obtaining Awards Than Non-Minority Entities” (blogged – A D.C. Visit, June 15, 2009). There were seven witnesses; Donna Gambrell, CDFI Fund; Michael Brostek, GAO; Ron Phillips, NMTC Coalition; Blondel Pinnock, Carver Federal Savings Bank; William Cunningham, Creative Investment Research, Inc; Joseph Haskins, Harbor Bank; and me.
It was a long but productive trip. We’re working on the Child Care Facilities Financing Act of 2009 (H.R.1625), the 5 year extension of the NMTC program(H.R. 2628) and the CDFI funding in the budget bill. Looks like I’ll be heading back that way in July.
This entry was posted on Thursday, July 2nd, 2009 at 12:57 am and is filed under CDFI, Commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.