On February 9, the House of Representatives passed the “Housing for the 21st Century Act” by a vote of 390-9. The bill contains a number of provisions of interest to community banks, some of which are summarized below. The bill also contains several provisions affecting the resolution of failing banks and creation of new banks. Other provisions seek to incentivize greater levels of housing production and increase financing

By Barry Wides, CPA Managing Director, Artisan Advisors  The recently enacted 2025 Tax and Spending Bill introduced significant changes to housing and community development programs that affect banks. This article, the second in our series, examines the bill’s revisions to the Opportunity Zone (OZ) tax incentive—now called “OZ 2.0.”  Background: Opportunity Zone 1.0  The original