NMTC Coalition Releases 2020 NMTC Progress Report
Our latest annual report on the New Markets Tax Credit
Investments in economically distressed rural, urban and minority communities WASHINGTON, July 15, 2020 — The U.S. Department of the Treasury’s CDFI Fund announced the Calendar Year 2019 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $3.5 billion to 76 Community Development Entities (CDEs) from 30 states and the District of Columbia. Additionally, 15 percent of…
Wednesday, July 15, 2020 AWARDS WILL SPUR ECONOMIC AND COMMUNITY DEVELOPMENT NATIONWIDE (CDFI FUND PRESS RELEASE) Washington– The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76…
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
Latest Cosponsors of H.R. 1680
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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.