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Community Opportunity News — December 2024 |
Tax Reform Offers Opportunities for Advocacy
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“Tax reform will be a major priority for the Trump administration. With Republicans’ razor-thin majorities in the House and Senate, we anticipate opportunities to support tax reform that brings resources to housing and community development nonprofits and the places they serve,” said Policy Director Dawne Troupe. The Neighborhood Homes Investment Act (NHIA) has gained momentum with more than 100 bipartisan co-sponsors in the House and Senate. The Act would create a new tax credit to produce new equity investment dollars for developing and renovating homes in distressed urban, suburban, and rural neighborhoods. We will champion the NHIA in the next session and also work to protect funding levels for the Low Income Housing Tax Credit.
“It is more important than ever to share your success stories with your representatives in Congress,” said Troupe. “Demonstrating how tax credits improve the lives of their constituents and the neighborhoods where they live is one of the most effective ways to educate lawmakers and affect change.” Watch for action alerts in the new year.
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Announcing the 2025 People & Places Conference
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We will be co-hosting the People & Places Conference on October 5-7 in Washington, DC to showcase how community development organizations deliver meaningful results. This peer-learning conference brings together community developers from across the country to share best practices and represent our communities on Capitol Hill. We will co-host the conference with three national partners:
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Learn How to Access Free TA for Environmental Justice Grants
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Subgrants of $75,000 to $350,000 are available to community-based development organizations through the Environmental Protection Agency’s Thriving Communities Grantmaking Program. We’ve partnered with the Environmental Protection Network (EPN) to offer two webinars. We will provide webinar recordings to all registrants.
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January 9 Webinar:
Overview of Technical Assistance for Thriving Communities Subgrants
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February 10 Webinar:
Overview of Technical Assistance for Grant Management & Budget Assistance
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January 30 Webinar – Unlocking Solar Opportunities for Community Developers
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Learn how housing and community development organizations can partner with solar developers to generate low-cost power and jobs for their communities. Participants will also learn about the Community Power Accelerator (CPA), a free resource that connects community-based organizations with community-benefiting distributed solar developers – and philanthropies, lenders, and investors.
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New Board Members Elected
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Community Opportunity Alliance members elected four new board members at our Annual Meeting on December 17. In addition, the following board members were re-elected: Paige Carlson-Heim of TD Bank; Matt Hull of the Texas Association of Community Development Corporations; Paul Ettorre of Woodforest National Bank; Claudia Wilson Randall of Community Development Network of Maryland; and Stephen Glaude of the Coalition for Nonprofit Housing and Economic Development. Thank you to outgoing board members Don Phoenix and Maybelyn Rodríguez Laureano.
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Funding & Job Opportunities
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$10 Billion in New Market Tax Credit Funds Available
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The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) opened a new round of the New Markets Tax Credit Program. A total of $10 billion in Allocation Authority is available through this combined round that will span the calendar years 2024 and 2025.
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We're Recruiting a Communications VISTA
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The VISTA will work to engage the community development field in a more effective and targeted way. By improving our communications systems, the VISTA will help us to connect 6,000 community-based development practitioners across the U.S. to funding opportunities, technical assistance, thought leadership, and other resources. AmeriCorps requires the VISTA to live within 50 miles of Washington, DC or Baltimore, Maryland when serving in this position.
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Job Opportunities
View current job postings.
To post a job opportunity on our website, contact Kadasha Hershey at [email protected].
We request a $25 donation from non-members.
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