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The SECURE 2.0 Act of 2022, Pub. L. 117–328 (text), was signed into law by President Joe Biden on December 29, 2022 as Division T of the Consolidated Appropriations Act, 2023. It builds on the changes made by the SECURE Act of 2019. [1] [2] SECURE stands for Setting Every Community Up for Retirement Enhancement. [3]
WASHINGTON (AP) — The Biden administration on Tuesday outlined how states and nonprofit groups can apply for $27 billion in The post Disadvantaged communities eligible for piece of $27B pie to ...
[2] A third provision of the Community Renewal Tax Relief Act of 2000 was the establishment of tax incentives for investment or loans provided to small businesses in low-income communities. [2] This tax credit, known as the New Markets Tax Credit Program, is established for investments in community development entities (CDEs). CDEs have three ...
The Rural Strategic Investment Program is an investment program established by the 2002 farm bill (P.L. 107-171, Sec. 6030) to fund regional investment boards. The Strategic Investment Program provides grants totaling up to $100 million for rural regional planning and plan implementation.
(The Center Square) – Advocates are pushing for Michigan lawmakers to pass a 2023 bill package, which would create a statewide fund aimed at subsidizing the water utility bills for low-income ...
The MBTA Communities Act, signed into law by former Gov. Charlie Baker, requires 177 cities and towns to have at least one zoning district of "reasonable size" that allows multifamily housing by ...
The Empowerment Zone Program consists of three US congressional designations. [2] The Renewal Communities (RCs), Empowerment Zones (EZs) and Enterprise Communities (ECs) are highly distressed urban and rural communities that may be eligible for a combination of grants, tax credits for businesses, bonding authority and other benefits.
All U.S. states are automatically eligible for HOME funds, and each receives a minimum of $3 million for the program, while local governments receive a minimum of $500,000 (unless the United States Congress assigns $1.5 billion or less to the program, in which case they receive a minimum of $335,000). [2]