While the One Big Beautiful Bill Act contains many provisions we oppose, there are meaningful wins that will support the development of affordable housing and direct critical investments to underserved communities. These include the largest expansion of the Housing Credit since 2000 and the permanent extension of the NMTC after years of short-term renewals and expirations.

Oxford Mills, in the heart of Philadelphia's South Kensington-Fishtown neighborhood and financed in part through $10 million in New Markets Tax Credit (NMTC) allocations from Enterprise, has been transformed into a vibrant home for local teachers, lower income families, and community-serving nonprofits.

Elise Balboni, president of Enterprise Community Partner’s CDFI, discusses the impact of the Community Development Financial Institutions (CDFI) Fund.

Lawmakers have introduced bipartisan legislation that would make the New Markets Tax Credit a permanent part of the tax code, solidifying a program that has supported more than 8,500 business and community-driven projects and created more than a million jobs across the country since it was created in 2000.

Among the top priorities for President Trump: dealing with the expiration of the President’s hallmark tax law passed in 2017, the Tax Cuts and Jobs Act (TCJA). The expiration provides a once-in-a-decade opportunity to move major tax legislation, dubbed the “the Super Bowl of tax” in Washington circles.