Looking Back on the Origins of the NMTC
With the NMTC now permanent, take a trip down memory lane.
With the NMTC now permanent, take a trip down memory lane.
The NMTC received a permanent extension in H.R.1, ensuring long-term investment in underserved communities. The credit has spurred $143B in investment and 1.2M jobs since 2000.
On Monday, June 16, 2025, the Senate Finance Committee included a permanent extension of the NMTC within President Trump’s One Big Beautiful Bill.
In 2024, 114 NMTC projects supported over 18,000 jobs at industrial sector businesses, from a small steel fabricator in rural Ohio to a massive pipe manufacturing facility in central Oklahoma.
The New Markets Tax Credit Coalition today released its 2025 New Markets Tax Credit (NMTC) Progress Report, the 21st edition of the report-providing analysis of NMTC activities in 2024.
Today, over 500 businesses, community development organizations, investors, lenders, nonprofits, trade associations and other organizations sent a letter urging Congress to support and pass the bipartisan New Markets Tax Credit
The Revolution Mill complex revitalization project in Greensboro, North Carolina, is nearing the finish line, but the adaptive reuse project has already generated a broad economic impact on the region
On Tuesday, April 8th, supporters of the new Legacy Elementary School gathered in Uvalde to celebrate the school securing full funding.
The NMTC Coalition is circulating an organization sign-on letter to Congress urging them to make the NMTC permanent.
The legislation would make the NMTC permanent, provide an inflation adjustment in out-years, and exempt NMTC investments from the Alternative Minimum Tax.
The New Markets Tax Credit (NMTC) has been instrumental in aiding disaster-stricken low-income communities by providing essential financing for recovery and rebuilding efforts.
Today, the CDFI Fund opened the Calendar Year (CY) 2024-2025 Notice of Allocation Availability. CDEs will have until January 29, 2025 to apply for a record $10 billion in allocation.
$5 Billion investment in economically distressed rural, urban, and minority communities
“I was honored to participate in today’s groundbreaking of the Railroad Corner Redevelopment project in Orangeburg,” said Jim Clyburn.
Projects generated 59,332 jobs in 2023, including 33,676 permanent FTE jobs and 25,656 construction jobs.
Over on the Novogradac blog (a must read for NMTC news), Brad Elphick and Peter Lawrence have an interesting interesting post on some of the opportunities
The NMTC Coalition will not be holding a conference this June. We’re having a fly-in for the NMTC Coalition Board. If you’re a Coalition member
Ways and Means Chairman Smith (R-MO) and Tax Subcommittee Chair Mike Kelly (R-PA) recently released a list of newly formed working groups to study key provisions and make recommendation
Senator Deb Fischer (R-NE) and Representative Mike Ezell (R-MS) join as cosponsors
Highlighting projects and impact in NY08
NMTC highlights in speaker candidates districts
Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by nearly 700 community development stakeholders
Using recent data on NMTC transactions, the NMTC Coalition projects the impact of the 2022 NMTC Allocation Awards
More analysis of the 2022 NMTC award round
Letter to Treasury from Cosponsors of the NMTC Extension Act
We could see a significant jump in NMTC investment in Indian Country
The CDFI Fund updated NMTC eligibility criteria using data from the 2020 Census.
CDFI Fund Report on FY 2021 NMTC transaction trends
Please sign your organization onto our letter calling for NMTC permanence
New cosponsors on the NTMC Extension Act of 2023
June 7th at the Madison Hotel in Washington, DC Today, the NMTC Coalition opened registration for its Policy Conference in Washington, DC. This will be
NMTC Coalition Applauds Reps. Tenney, 25 Colleagues for Introducing Bill to Deliver Much Needed Resources to Marginalized Communities
Proposal Also Provides Increase to the CDFI Fund
Senators Hyde Smith, Shaheen, Warner, and Wicker joined the call to make the NMTC permanent.