NMTC Coalition Releases 2020 NMTC Progress Report
Our latest annual report on the New Markets Tax Credit
Yesterday, the NMTC Coalition held a virtual conference. Thank you to everyone who attended. The contents of the session – including a video we were unable to show – are available on our YouTube channel (please subscribe!). https://www.youtube.com/watch?v=YhDiIH4Padw
NMTC Celebrates 20 Years, Nearly 6,400 Projects Financed and Over One Million Jobs The New Markets Tax Credit Coalition today released its 2020 New Markets Tax Credit (NMTC) Progress Report, the sixteenth edition of the report—providing analysis of NMTC activities in 2019 as well as a special insert commemorating the 20th anniversary of the NMTC. An interactive, online…
More than 700 businesses, investors and organizations call on Congress to extend and expand the community and economic development tax credit assisting communities hardest hit by COVID-19 WASHINGTON, June 24, 2020 – Today, the New Markets Tax Credit (NMTC) Coalition sent a letter addressed to Congressional leadership and Members of the 116th Congress urging them to take action to…
More than half of New Markets Tax Credit projects expand access to healthcare, social services, childcare, job training, nonprofits, and social service providers working to lift people out of poverty. Federal resources for community development have been cut by more than 80 percent since 1980, and communities increasingly count on the NMTC to support new…
Latest Cosponsors of H.R. 1680
Latest Cosponsors of S. 750
State Fact Sheets and Stories
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.