NMTC Coalition Releases 2020 NMTC Progress Report
Our latest annual report on the New Markets Tax Credit
NMTC Coalition Applauds Sens. Cardin (D-MD) and Blunt (R-MO), Reps. Sewell (D-AL) and Reed (R-NY) for Introducing Bill to Deliver Much Needed Resources to Marginalized Communities WASHINGTON, D.C. (February 25, 2021) – Today, Reps. Terri Sewell (D-AL), Tom Reed (R-NY), Sens. Ben Cardin (D-MD) and Roy Blunt (R-MO) introduced the New Markets Tax Credit (NMTC)…
Today, the Coalition published briefings on the NMTC for newly elected members of the 117th Congress.
Our occasional round-up of NMTC closings: NCB partners with Wright-Patt CU to provide $16 million to Five Rivers Health Centers’ new facility Dayton, OH National Cooperative Bank (NCB) along with Wright-Patt Credit Union, (WPCU) recently closed a $16 million loan to support a $31.6 million New Markets Tax Credit (NMTC) financing package for the development…
CDFI fund requests comments on 2021 NMTC application
Spending Bill Includes Largest Extension in Program’s History Contact: Ayrianne Parks, [email protected], (202) 393-5225 WASHINGTON, D.C. (December 22, 2020) – The Consolidated Appropriations Act of 2020, passed by the House and Senate and expected to be signed by the President includes a five-year, $25 billion annual extension of the New Markets Tax Credit (NMTC), the…
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.