Tax credits

Will CRA revamp stimulate lending in down-and-out neighborhoods?

12/17/19

The proposed changes laid out by banking regulators would clear up confusion about what qualifies for CRA credit within so-called Opportunity Zones. But not all community development advocates are convinced that the changes are for the better.

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Congress dangles tax credits to boost supply of affordable housing

06/18/19

The bipartisan proposal aims to renew banks' interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them.

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SunTrust, BB&T plan parting gifts to their hometowns

06/05/19

The merging banks, whose new headquarters would be Charlotte, N.C., will each double their charitable giving over the next three years in Atlanta and Winston-Salem, N.C.

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Banks explore ways to capitalize on tax law's 'Opportunity Zones'

03/26/19

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.

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Banks face collateral damage from clean energy firm's bankruptcy

03/08/19

Several banks could lose money over tax credits tied to DC Solar, a California firm wrestling with a fraud claim.

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Several banks disclose exposure to clean energy firm's bankruptcy

03/01/19

At least four banks may lose certain tax benefits if it is proven that DC Solar operated an investor scheme.

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Wells Fargo faces probe on low-income tax credit purchases

08/03/18

Multiple agencies are looking into its purchase of certain credits tied to low-income housing developments, the bank said in a securities filing Friday.

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'Those deposits would be gone in a flash': Comments of the week

03/29/18

Readers react to a drive for more public banks, weigh in the launch of an online-only bank, chime in on what millennials need and more.

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Low Income Housing Tax Credit gets boost from spending bill

03/26/18

Lawmakers approved a measure to increase the program's funding by nearly $3 billion over four years.

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Dear Congress: Don't lose New Markets credit in tax reform deal

12/13/17

Lawmakers should preserve the credit meant to spur economic development as part of sweeping tax reform being debated in Congress this week.

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