Bi-Partisan Legislation to Support Community Development Projects Nationwide
Bi-Partisan Legislation to Support Community Development Projects Nationwide U.S. Senators Todd Young (R-Ind.) and Catherine Cortez Masto (D-Nev.) introduced the Municipal Investment and Neighborhood Transformation (MINT) Act to support community development projects across the country. The legislation would allow Federal Home Loan Bank (FHLBank) member institutions to support local development authorities by credit enhancing tax-exempt bonds for non-housing related community development projects. “Our bill will restore a proven financing tool to help lower costs for community development projects in towns across America. Bureaucratic red tape should not stand in the way of local communities accessing affordable financing,” said
