Members of Congress are mobilizing to protect the popular New Market Tax Credit program, which has offered benefits in rural and urban environments.
"Facing an impending tax overhaul from the Trump administration, members of the House and Senate have moved to protect a program that gives tax credits to businesses that create jobs and other economy boosters in low-income communities," reports Kelsey E. Thomas.
Thomas is referring to the U.S. Treasury’s New Markets Tax Credit (NMTC) program, "which targets poor zip codes both urban and rural, has gained bipartisan support and many friends in both the urban development and business worlds since its implementation in 2000." Senator Roy Blunt (R-MO) introduced the two bills, called the "New Markets Tax Credit Extension Act of 2017" [pdf]. The bills would make the program permanent.
Thomas provides additional insight onto the prevailing political winds facing the New Market Tax Credits, with evidence provided by statements from Treasury Secretary Steven Mnuchin during his confirmation hearing.
FULL STORY: Congress Is Making a Bipartisan Push for an Urban Development Tax Credit
Oregon Passes Exemption to Urban Growth Boundary
Cities have a one-time chance to acquire new land for development in a bid to increase housing supply and affordability.
Where Urban Design Is Headed in 2024
A forecast of likely trends in urban design and architecture.
Savannah: A City of Planning Contrasts
From a human-scales, plaza-anchored grid to suburban sprawl, the oldest planned city in the United States has seen wildly different development patterns.
New York Transit Agency Launches Performance Dashboard
The tool increases transparency about the agency’s performance on a variety of metrics.
Washington Tribes Receive Resilience Funding
The 28 grants support projects including relocation efforts as coastal communities face the growing impacts of climate change.
Adaptive Reuse Bills Introduced in California Assembly
The legislation would expand eligibility for economic incentives and let cities loosen regulations to allow for more building conversions.
City of Rochester
Boston Harbor Now
City of Bellevue
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.