Your Five Top Reads for February
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The Opportunity Zones Program is a community investment tool created through the Tax Cuts and Jobs Act. Newly designated Opportunity Zones will be eligible to receive private capital invested through Opportunity Funds, but state governors must nominate communities by March 21 to be eligible for this opportunity. Designations, once approved, will remain in place over the next decade.
The funds were awarded by the U.S. Department of the Treasury's Community Development Financial Institutions Fund. The NMTC program invests in high-impact developments in low-income neighborhoods. To date, we’ve received a total of $960 million in NMTC awards, making us one of the largest recipients nationwide.
Clay Kerchof breaks down the 2018 budget bill that was signed into law on February 9, which was passed alongside a six-week Continuing Resolution and $89.3 billion in supplemental disaster recovery funding. He also provides analysis of the Trump administration's 2019 budget request, which proposes significant funding cuts and program elimination.
The podcast, hosted by Laurel Blatchford, is a space for thought-provoking conversations about the current issues, trends, ideas and big questions facing the affordable housing and community development field in the United States.
In the first episode, Laurel talks with Michelle Whetton and Marion McFadden about smarter, more equitable disaster recovery. In episode two, she sits down with David Bowers to discuss how faith communities are getting involved in affordable housing creation.
5. Webinar Replay of Housing and Community Benefit: What Counts?
This webinar explores our latest paper, developed in partnership with the Catholic Health Association. The paper offers guidance to tax-exempt hospitals on housing-related activities that can be reported as community benefit to the Internal Revenue Service. Julie Trocchio, senior director of the Catholic Health Association, and Enterprise's Mary Ayala, discuss the evidence-base that connects housing-related activities to health and dig into the guidance provided to hospitals in the paper.