The St. Louis Fed has released a new report and interactive tool on the State Small Business Credit Initiative (SSBCI). A component of the Small Business Jobs Act of 2010, the SSBCI allocated nearly $1.5 billion to states to support small-business financing programs. This Policy Insight and interactive tool examines how the U.S. as a whole and how the states that comprise the Federal Reserve’s Eighth District deployed capital and credit to small businesses located in low- and moderate-income and rural areas using the SSBCI. Additionally, this Policy Insight looks at the role community development financial institutions (CDFIs) played in the program. Visit www.stlouisfed.org/ssbci-policy-insight.
This new tool features investment activity and displacement risk in designated Opportunity Zones. Visit www.stlouisfed.org/community-development/data-tools/opportunity-zones-explorer.
To make it easier for housing advocates to explore potentially expiring LIHTC properties in their areas, PolicyMap allows users to filter properties by when they reach Year 15 and Year 30 in the program. Advocates can then review these properties in relation to local market conditions. Visit www.policymap.com/2018/02/preserving-low-income-housing-tax-credits-lihtc/