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…
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…
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.
Guest post by Kermit Billups, Greenline Ventures The New Markets Tax Credit (NMTC) is one of the most efficient community economic development tools for low-income communities that I have encountered in my 35 years of investment banking. I currently have the privilege of serving as the President of the NMTC Coalition, a national membership organization…
Last week, three members of Congress cosponsored the New Markets Tax Credit Extension Act of 2019 (H.R. 1680): Garrett Graves (R-LA), Andy Barr (R-KY), and David Price (D-NC). Below, I’ve highlighted of the NMTC projects in their districts. Garrett Graves (R-LA) Baton Rouge, LAAmerican Door and Hardware The NMTC supported $1.47M in financing for a…
As part of our celebration of the 25th Anniversary of the CDFI Fund, we thought it would be interesting to highlight a few of the earliest NMTC projects.
Latest Cosponsors of H.R. 1680
Latest Cosponsors of S. 750
State Fact Sheets and Stories
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.