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NMTC Application Workshops
Set for 2008
Learn how to apply for an allocation of New Markets Tax Credits at one
of six Application Workshops slated for 2008 in cities across the country.
You can also apply for certification as a Community Development Entity
(CDE). Check out where and when the 2008 workshops will be held, or view
a webcast of the Application Workshop.
IRS Tax Center
Considering going into business for yourself? Already run a small business?
This resource provides tax information that every small business owner
or operator should know.
The Community Affairs Office supports community reinvestment throughout
the Fourth District. Here are some resources to help in understanding
community reinvestment issues.
Foreclosure Resources for Consumers and Community Groups
http://federalreserve.gov/pubs/foreclosure/default.htm
The Federal Reserve Board Joint Press Release, October 18, 2006
Agencies
provide consumer information on nontraditional mortgage loans
- Federal Reserve Chairman Ben Bernanke's speech at the Greenlining
Institute's 13th Annual Economic Development Summit, Los Angeles,
CA, April 20, 2006.
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- By
the numbers: data and measurement in community economic development
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One measurement tool Chairman Bernanke cites is the Opportunity Finance
Network's newly developed CDFI Assessment and Rating System, or CARS.
This system gathers data to evaluate a CDFI's overall creditworthiness
and effectiveness in using its financial resources to achieve its development
objectives.
Excerpt from speech:
"A CDFI is rated for its financial strength and performance in
the areas of capital, assets, management, earnings, and liquidity, in
a manner broadly analogous to the way a supervisory agency would rate
a commercial bank. The financial analysis is supplemented by an evaluation
of how well the CDFI is fulfilling its mission, including an assessment
of its procedures for tracking the outcomes of its work.... Although
still in its early stages, this initiative, if successful, will have
the double benefit of attracting more funds into community development
and helping to ensure that those funds are effectively used."
Additional information:
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