Budget Expert Stan Collender on the Coming Budget Battle and New 'New Markets' Opportunities for Investing In Low-Income Communities to Highlight Affordable Housing Conference on March 1.Business Editors WASHINGTON--(BUSINESS WIRE)--Feb. 21, 2001 Federal Banking Officials (FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). , Federal Reserve, OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). , OTS See Office of Thrift Supervision. ) to Participate Noted Washington budget expert Stan Collender will look at the battle that's shaping up between Democrats and Republicans over the proposed federal budget at the 2001 DC Meeting of the National Association of Affordable Housing Lenders (NAAHL NAAHL National Association of Affordable Housing Lenders ) on March 1, 2001, at the Mayflower Hotel in Washington, D.C. Other highlights of the conference for banks, nonprofits and other community investment practitioners include a panel session on how they can participate in the first new tax incentives in 14 years for investing in the nation's low and moderate-income communities, provided in the recently enacted Community Renewal and New Markets Legislation. "Collender will provide his usual incisive analysis of the politics and issues that will determine the fate of the new federal budget," said Judy Kennedy, President, NAAHL. "He'll take a particular look at the tax, banking, and housing issues that impact our members' investing in the nation's neediest communities. In addition, conference participants will be among the first to learn how to apply for the new Community Renewal and New Markets' resources for their communities." Keynote luncheon speaker will be Jerry Hawke, Comptroller of the Currency Comptroller of the Currency A government official, appointed by the President of the United States, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. . At the conference, a panel of federal regulators also will look at issues to be addressed in the upcoming 2002 review of Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. (CRA See Community Reinvestment Act. ) regulations. Participants will include: -- Steve Cross, FDIC -- Glen Loney, Federal Reserve -- Richard Riese, OTS -- Ralph Sharpe, OCC NAAHL is the only national association devoted to supporting those who invest private capital in low and moderate-income communities. NAAHL represents more than 200 organizations, including 85 insured depository institutions, and 800 individuals as members. Members include banks, thrifts, insurance companies, community development corporations, mortgage companies, loan consortia, financial intermediaries, pension funds, foundations, local and national nonprofits, public agencies, and allied professionals. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion