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The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone…

The authorization for the New Markets Tax Credit (NMTC) is set to expire at the end of 2019 and Congress has begun…

On June 26, 2019, the House passed the Fiscal Year (FY) 2020 Financial Services and General Government (FSGG) Appropriations bill, H.R. 3351 by a…

On May 31, Lower Valley Credit Union (LVCU) was thrilled to sit down with Congressman Dan Newhouse (R-WA) to discuss our community development…

The IRS and Department of the Treasury recently closed a Request for Information commenting period on reporting, data collection, and transparency requirements…

On June 3, the House Appropriations Financial Services and General Government (FSGG) Subcomittee approved its FY 2020 appropriations bill which included $300…

On May 23, the Community Development Financial Institutions Fund (CDFI Fund) allocated $3.5 billion in New Market Tax Credits to 73 community development…

The IRS and Department of the Treasury released the long-awaited second tranche of regulations for Opportunity Zones in mid-April. The first round…

OFN continues to express our concerns that without strong reporting and transparency requirements, the communities impacted by Opportunity Zone investment will have…