The New Markets Tax Credit (NMTC) program was created by Congress in December 2000, at the end of the Clinton administration. When initially passed, the program was to provide a total of $15 billion ...

The Fed, FDIC, and OCC have extensively revised rules implementing the Community Reinvestment Act (CRA), a 1977 law to encourage banks to help meet the credit needs of their communities, especially in ...

There is a lack of information exchange between community development lenders and capital investors that limits the growth of a secondary market for community development assets. This obstacle limits ...

On October 24, 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (together, the “Agencies”) issued ...

ALBANY - It's been a busy time for the Community Loan Fund. The nonprofit finances loans for small businesses, entrepreneurs and other nonprofits. In the midst of a government shutdown and anti-DEI ...

Dime Community Bancshares, Inc. announced that Dime Community Bank received an "Outstanding" rating in its Community Reinvestment Act evaluation from the Federal Reserve Bank of New York. This top ...