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CSPAN2 Key Capitol Hill Hearings November 27, 2013

A day else a portion of the sheriff shared lending to small and microbusinesses. Because of that 4 billiondollar investment in 332 institutions across the Country Community banks or cdfi loan funds, we have seen positive returns for taxpayers so this is no cost to the taxpayer and we are also seeing that lending has increased by more than 10 billion so we take that 4 billion investment. As a result the institutions have loaned more than 10 million above and beyond the lending that they were doing beforehand. What that actually turns into is around 41,000 new loans to Small Businesses. It also means that of those loans, i think we are somewhere around 65 or 70 of those loans were below 100,000, so these are actually loans that are going to the smallest of Small Businesses, not midsize businesses that getting the bu ....

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Why DC could send $6 million in Strand Theater tax credits to LA instead

Strand Theater redevelopment rendering courtesy of The NHP Foundation
For more than a year, DC Housing Enterprises, a subsidiary of the District’s Housing Authority, had $6 million in federal tax credits set aside to help redevelop the Strand Theater, a historic, now-abandoned movie theater that was once a focal point for Deanwood’s Black community. Officials want to turn the space into a restaurant with an arts and entertainment program.
But in mid-December, DCHE asked the Housing Authority Board of Commissioners for permission to direct those tax credits to a hospital project not in the District, but in Los Angeles. ....

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