Posts Tagged ‘Congress’

Overcoming the Congressional Impasse


At three separate events hosted for U.S. Representatives Pat Tiberi and Steve Stivers, and Senator Sherrod Brown last week, I heard a lot of discussion about Tax Reform and the Affordable Care Act. All three lawmakers expressed frustration at the ideological polarization that has kept Congress from effectively addressing these and other large issues. Clearly, [...]

Ironville Redevelopment Breaks Ground on Final Phase


“Our goal is to once again have thousands of people working on this site,” said Congresswoman Marcy Kaptur at last  week’s groundbreaking event for the final phase of construction at Ironville Terminal along the Maumee River in Toledo. She noted that 35 percent of area residents are living below the poverty level. “The redevelopment of this land will [...]

NMTC Letter Sign-on Extended to Oct. 29


Due to the government shutdown, the opportunity to sign-on to a bipartisan letter supporting New Markets Tax Credit (NMTC) renewal has been extended until close of business on Tuesday, October 29th.  The letter, sponsored by Representatives Steve Stivers (R-OH) and Mike Michaud (D-ME), is currently being circulated among members of the House of Representatives and has already been signed by Representatives [...]

NMTC: Effective, Efficient… but Temporary


Like many community development entities across the nation, Finance Fund is busily preparing our application for the next federal New Markets Tax Credit allocation. With the September 18th application deadline fast approaching and a two-year span on this upcoming round of funding, we are doubly focused on making the strongest possible case for our work [...]

Capitol Hill Visits Reflect Support for NMTC


During Finance Fund’s recent meetings on Capitol Hill, legislators on both sides of the aisle indicated strong support for the concept of New Markets Tax Credits (NMTC) as an important economic development tool, but said the tax reform process would determine how NMTC is addressed between now and the end of the year. Finance Fund [...]

Making the Case for a Permanent New Markets Tax Credit


Senators Jay Rockefeller and Roy Blunt introduced a bipartisan bill last week to make the federal New Markets Tax Credit (NMTC) program a permanent part of the Internal Revenue Code.  The New Markets Tax Credit Act of 2013 would also enhance the program’s impact by increasing the annual NMTC allocation. The legislation is significant for [...]

Sequester’s Impact Tops Agenda at CDFI Coalition Institute Conference


Community development leaders from across the nation gathered at the CDFI Coalition Institute Conference in Washington, D.C. to discuss federal policy issues facing CDFIs including the impact of sequestration, the President’s FY 2014 Budget and tax reform under discussion in Congress.

Giving Thanks. Inspired To Do More.


 ”As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.”  John F. Kennedy Thank you for your support of Finance Fund and our mission to bring economic vitality to underserved communities. I am grateful to our funders, partners, clients, staff members, legislators [...]

$13+ Million in NMTC Helps Muskingum Rec Center Break Ground


Attending groundbreaking events is a favorite aspect of my work at Finance Fund. Today, I traveled to Zanesville to kick-off construction of the Muskingum Recreation Center – a long-awaited community health and fitness facility that will drive jobs and economic development to the area. When it comes to financing projects such as this one, Finance [...]

Finance Fund CEO, James R. Klein, To Serve on the New Markets Tax Credit Coalition Executive Committee


James Klein, Finance Fund CEO, has been elected to a seat on the Executive Committee of the New Markets Tax Credit Coalition (NMTCC). The 48-seat board is comprised of members from leading organizations that utilize NMTC, lending institutions, investors, and business professionals. Klein’s duties include advising on policy and regulatory issues that affect the use [...]

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