Naturally Occurring Affordable Housing
NAAHL & ULI Symposium
NAAHL Statement on CDFI Fund’s Capital Magnet Fund Announcement
Today’s historic launch of the Capital Magnet Fund begins an important new chapter for affordable housing and inclusive neighborhood revitalization. High-performing community development financial institutions (CDFIs) and nonprofit developers will now have the growth capital necessary to mobilize responsible private financing and scale up the development of affordable housing. The $90 million of awards will generate at least $1 billion in new housing investment.
Banking Agencies Finalize New and Revised CRA Q&As
The federal banking agencies have finalized Community Reinvestment Act (CRA) Questions and Answers (Q&As) proposed in 2014 and published a single set of Q&As that consolidates these new Q&As with those previously issued. The agencies adopted all but one of their proposals, which address: economic development; examples of community development; innovative or flexible lending practices; the service test; and responsiveness and innovativeness generally. The Q&As also include a number of technical corrections.
OCC Responsible Innovation Comment Letter
Transmitted by email
RE: Supporting Responsible Innovation in the Federal Banking System
NAAHL Statement on New LIHTC Expansion Bill
Sens. Cantwell and Hatch Introduce 50% LIHTC Expansion Bill
