News & Analysis as of

Small Business Affordable Housing

Orrick, Herrington & Sutcliffe LLP

Acting Comptroller Hood advocates for financial inclusion at conference

On March 27, Acting Comptroller of the Currency Rodney Hood delivered remarks at a conference, emphasizing his commitment to financial inclusion for underserved communities. He described financial inclusion as a civil rights...more

Cozen O'Connor

Broad Street Brief: Tax Reform Commission Releases Interim Report

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Tax Reform Commission Recommends Eliminating BIRT, Reducing Wage Tax - The Philadelphia Tax Reform Commission released its interim report this week, proposing that the City eliminate the Business Income & Receipts Tax...more

Spilman Thomas & Battle, PLLC

The Rural Historic Tax Credit Improvement Act Will Expand Access To Smaller Projects | Spilman Thomas & Battle

Last week, U.S. Senators Shelley Moore Capito, R-West Virginia, and Mark Warner, D-Virginia, introduced S. 631, which focuses on rural historic tax credit (HTC) use and also includes transferability for small projects (those...more

Cozen O'Connor

Broad Street Brief: NE Philly Recovers From Shocking Plane Crash

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City Council to Consider Labor Law Enforcement, Lead Paint Disclosure Deadline Bills - During Thursday’s meeting, City Councilmember Kendra Brooks (At-Large) introduced legislation to enhance City enforcement of labor laws...more

Cozen O'Connor

Cozen Cities - December 4, 2024

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CHICAGO — Teachers Union Narrows Contract Demands- After eight months of increasingly tense contract negotiations, the Chicago Teachers Union has now narrowed its number of demands to land a deal in the next month, the...more

Mintz - ML Strategies

2024 Pre-Election Analysis: Financial Services

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Financial services encompass a wide range of services offered by the nation’s financial institutions, including banking, mortgage, investment, and credit services. The next administration and Congress’s financial services...more

Cozen O'Connor

Cozen Cities - September 11, 2024

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CHICAGO — CTA Launches AI Surveillance to Stop Gun Violence at Transit Stations- The Chicago Transit Authority (CTA) recently rolled out an artificial intelligence (AI) surveillance tool to detect guns at stations, a move...more

Mintz

Brian McGrory has a good point about the resolution of the Nantucket Clam Shack NIMBY controversy, but there's another lesson to...

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Some of you may recall my earlier reports on Nantucket NIMBYs' efforts to deny local Chef Gabriel Frasca the opportunity to deliver fried food and soft ice cream to the Island's residents and visitors. These legal challenges...more

Cozen O'Connor

NYC Mayor Adams Launches Extensive Zoning Initiative to Promote Residential Development

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On September 21, 2023, the Adams administration revealed details for the third of three City of Yes zoning initiatives, City of Yes for Housing Opportunity. In line with Mayor Adams’ moonshot goal of providing 500,000 new...more

Benesch

Governor Signs State Budget

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Governor Mike DeWine signed into law this week the state’s new two-year state spending plan totaling $86.1 billion. After settling on more than 900 matters of difference, the Ohio legislature passed Ohio’s new budget with...more

Cozen O'Connor

Cozen Cities - June 29, 2023

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DETROIT — Detroit Program Teaches Residents Tech Fundamentals, How to Find High-Paying Jobs- Durfee Innovation Society, the Detroit chapter of the national nonprofit NPower, gives participants the ability to create a...more

Bradley Arant Boult Cummings LLP

Calling All Community Banks: CDFI Fund Opens Applications for FY 2023 Bank Enterprise Award Program

FDIC-insured depository institutions seeking CRA credit opportunities may be eligible to apply for funding to further impact the distressed communities they serve. On March 31, 2023, the Department of Treasury’s Community...more

Cozen O'Connor

Cozen Cities - December 14, 2022

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Massachusetts’ Energy Facilities Sitting Board approved a special permit for a controversial electrical substation in East Boston. The permit allows the project to circumvent 14 final environmental permits. 84% of Boston...more

Cozen O'Connor

Mayor Adams Outlines Vision for "City of Yes"

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On June 1, New York City Mayor Eric Adams announced his “City of Yes” plan to amend the city’s zoning tools to support small businesses, create affordable housing, and promote sustainability. His plan includes three major...more

Pillsbury Winthrop Shaw Pittman LLP

The Impact of the Tax Cuts and Jobs Act on LIHTC Investments

The Tax Cuts and Jobs Act contains changes impacting the LIHTC Program. While the low-income housing tax credit program emerged largely unscathed, the reduction in corporate tax rates will reduce equity pricing. ...more

Ballard Spahr LLP

Fair Lending Director Ficklin Discusses Small Business Lending, LGBT issues, LEP consumers and Inclusive Communities at ABA...

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Last Thursday, I had the pleasure of teaching a class on payments and banking products to new lawyers at the American Bar Association’s Consumer Financial Services Institute. I arrived early for the class and got to hear a...more

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