Regional Spotlight

Explore Innovative Ideas for Revitalizing the LIHTC Market

Eighth District bankers interested in how they can work with their communities on the Low Income Housing Tax Credit (LIHTC) program should check out Innovative Ideas for Revitalizing the LIHTC Market. Released in November, the publication’s six short articles were prepared by the St. Louis Fed’s Community Affairs department and the Federal Reserve’s Board of Governors and present fresh ideas on how to strengthen the LIHTC market.

The articles consider:

  • the St. Louis Equity Fund’s strategies to continue developing LIHTC projects despite the market downturn,
  • ways the Community Reinvestment Act could be altered to attract increased investment in LIHTCs by financial institutions,
  • a proposal to restore the market for LIHTC projects through federal co-investment in the tax credit,
  • a case for using innovative ways to expand the LIHTC investor pool to individual investors,
  • a secondary market solution to bring additional investors into the market, and
  • a model for an enhanced structure for a LIHTC fund that would provide equity for high-quality projects.

Download the publication at www.federalreserve.gov/newsevents/press/other/other20091110a1.pdf

Missouri Homeownership Preservation Summit Set for January

What are foreclosure trends in Missouri? What can your community do to reduce foreclosures, stabilize neighborhoods and maintain the tax base? What help can you provide your customers and community?

To help answer these questions, bankers in central Missouri should consider attending the Missouri Homeownership Preservation Summit on Jan. 14 in Jefferson City, Mo. Registration fee is $25.

Topics include current foreclosure, fraud and loan performance trends and new consumer protection and residential lending laws.

See details and register at www.stlouisfed.org/newsroom/events/?id=101. For more information, contact the St. Louis Fed’s Matt Ashby, senior community affairs specialist, at 314-444-8891 or matthew.w.ashby@stls.frb.org.

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Additional Fed Publications

Fed in Print: An index of the economic research conducted by the Fed.