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THE LATEST

Two New Data Updates from the CDFI Fund

CDFI Fund Releases Applicant Demand from the 2019 NMTC Round and NMTC Transaction Data through 2017. Data shows robust demand for the NMTC and billions in new investments in hard hit communities

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Multitude of Organizations Urge Congress to Save Soon-to-Expire NMTC

Nearly 1,000 businesses, investors and organizations call on Congress to expand and make the community and economic development tax credit permanent WASHINGTON, November 20, 2019 – Today, the New Markets Tax Credit (NMTC) Coalition sent a letter addressed to Congressional leadership, the House Ways and Means Committee and its Chairman, Richard Neal (D-MA), as well as to the Senate Finance Committee…

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YMCAs & YWCAs: Tell Congress to Preserve the New Markets Tax Credit

The New Markets Tax Credit expires at the end of 2019. Without an extension, our hardest hit communities will lose one of the largest sources of financing for community facilities, healthcare clinics, and recreational facilities like YMCAs and YWCAs. Please take a few seconds to sign your organization on to the NMTC Coalition’s letter to…

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Sign-on to Preserve the NMTC

The New Markets Tax Credit (NMTC) expires on December 31, 2019. Tell Congress to preserve this community development tool by signing your organization onto the NMTC Coalition’s letter to congressional leadership. The letter, which is addressed to Congressional leadership and the leaders of the tax committees, calls for a permanent extension of the NMTC and…

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World Habitat Day

Today, on World Habitat Day, we’re highlighting many of the Habitat for Humanity projects financed by the New Markets Tax Credit. The credit has supported thousands of affordable, single-family houses – often in areas recovering from disasters.

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ABOUT THE NMTC

The New Markets Tax Credit (NMTC) is a shallow, low-cost tax incentive which delivers billions of dollars annually to low-income communities with high unemployment and poverty. The credit finances everything from hospitals to manufacturing facilities to rural broadband expansions.

LATEST RESEARCH

The 2019 NMTC Progress Report, the NMTC Coalition’s annual report on investments and impacts of the NMTC.

EXTENSION CAMPAIGN

The NMTC expires on December 31, 2019. New bipartisan legislation to extend the NMTC has been introduced in the House (H.R. 1680) and Senate (S. 750).

Latest Cosponsors of H.R. 1680

Latest Cosponsors of S. 750

Testimonials

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State Fact Sheets and Stories


Videos


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Project Map


Browse our NMTC project map to learn more about how the NMTC is creating jobs and driving investment to all 50 states.


Have a Project?

Do you have a great project in a low income community that is in need of NMTC allocation? We recommend first watching our “How It Works” video.

The next step is to check the CDFI Fund’s mapping site to see if your project is in an eligible census tract.

Finally, check to see which Community Development Entities serving your area have remaining NMTC allocation.

How the NMTC Works

Click to watch a tutorial

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