New Report Issue on Bank Investment in Historic Credits

By Caitlin Jones & A. J. Johnson
March 31, 2009 1 min read

Tax Credit Advisor, January 2009: The U.S. Office of the Comptroller of the Currency has published a Community Developments Insights report that describes how banks can participate in the federal historic rehabilitation tax credit program.

The report describes the program, examines the primary risks and regulatory considerations associated with bank financing of historic credit projects, and discusses how historic credit investments are considered in a Community Reinvestment Act (CRA) examination of a bank. It also notes how national banks may utilize these credits under their public welfare investment authority, which the Housing and Economic Recovery Act recently expanded to add a broader range of communities targeted for revitalization, FEMA-designated disaster areas, and rural underserved and distressed communities.

(Report: http://www.occ.gov/ cdd/Insights-HTC.pdf)

Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.