Commentary: SC needs the Community Development Tax Credit

cola main street.jpg

Post & Courier

Community development organizations have been vital resources to local residents by developing funds in response to COVID-19. These include access to low interest loans for nonprofits and small business owners who might not qualify for federal Paycheck Protection Program loans — something community development organizations also help people apply for.

Housing organizations are working to prevent foreclosures and keep people in their homes through financial assistance, budgeting and accessing public resources.

In addition to direct relief services such as food programs and utility assistance, community organizations provide much-needed personal protective equipment to help decrease the spread of the coronavirus. They also serve as virus testing sites.