Washington, D.C. – March 21, 2011 – (RealEstateRama) — Seeking to increase investment in America’s small businesses, Congresswoman Shelley Berkley (NV) and Congressman Devin Nunes (CA) have introduced H.R. 1147, The Community Recovery and Enhancement (CRE) Act. The bipartisan legislation provides a market-based incentive for private investments in distressed commercial property at a time when many owners and businesses are still struggling in the on-going economic downturn and are in need of new sources of capital.
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