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Warner introduces community development bill
Senator Mark Warner (D-VA) introduced the Scaling Community Leaders Act of 2022.
The bipartisan legislation was also introduced by Bill Hagerty (R-TN) and aims to help Community Development Financial Institutions unlock more sources of liquidity and support for their activities.
This would also allow more lending in low and moderate income communities.
CDFIs were used heavily during the pandemic through the Paycheck Protection Program.
CDFIs will need more long term patient capital, operating capital and other resources to help modernize their systems.
The new legislation aims to authorize new resources to fund the dormant Section 113 of the Riegle Act of 1994 which allows CDFIs to fund more projects selected on a competitive basis.
To read the full text of the bill, click here.
Strasburg residents are invited to voice their opinion
According to Strasburg’s social media page citizens have a chance to voice their opinion on the future of Shenandoah County tonight Oct. 27.
A public engagement session will be held at the Strasburg town hall starting at 6:30 p.m..
The meeting is hosted by the Shenandoah County Department of Community Development.
This is to engage and encourage input from citizens of Magisterial District 5 and 6.
A comprehensive plan is required from all Virginia localities and must be reviewed by law every 5 years.
More information including a survey to offer your opinion on Shenandoah County’s future is available here.
If you can’t make tonight’s meeting in Strasburg you can view it here.
For more news from across the Shenandoah Valley, click here.