DAFINA WILLIAMS

S. 2021/H.R. 4192 Small Business Financing Disclosure Act of 2023 -This bill would extend the protections in the Truth in Lending Act for consumer lending to small business lending. It would require small business lenders to disclose key information, including the annual percentage rate (APR), when presenting financing options to small businesses, allowing them to have the necessary information to make financial decisions to grow and strengthen their business. S.2482 - Community Advantage Loan Program Act of 2023- This bill would codify the Community Advantage program and ensure that CDFIs and other mission-driven lenders can continue to increase SBA-backed lending to underserved communities and undercapitalized businesses.

S. 657 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.

S. 869 CDFI Bond Guarantee 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.

S.234/H.R. 2539 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). S. 1455 The Rural Jobs Act This bill would allocate an additional $500 million in NMTC allocations for each of the next two years and target that increase specifically to rural communities, persistent poverty counties, and high migration counties. S.2963 - Community Development Investment Tax Credit Act of 2023 -This bill allows investors a business-related tax credit for investment in a Community Development Financial Institution (CDFI). The applicable percentage of such credit is 3% for the first 10 years of investment in a CDFI with a 1% increase after the initial credit allowance date and for investments without a fixed term or duration.

S. 869 CDFI Bond Guarantee 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. HR 2882, Further Consolidated Appropriations Act, 2024- Provides appropriations for fiscal year 2024 for various agencies, including the Department of Treasury and the CDFI Fund.

OPPORTUNITY FINANCE NETWORK-FORMERLY NATIONAL COMMUNITY CAP

OPPORTUNITY FINANCE NETWORK-FORMERLY NATIONAL COMMUNITY CAP

OPPORTUNITY FINANCE NETWORK-FORMERLY NATIONAL COMMUNITY CAP