Elementor #14959

NMTC Coalition Releases 2020 NMTC Progress Report

Our latest annual report on the New Markets Tax Credit

THE LATEST

Bills Introduced in Senate, House Call for NMTC to Receive Permanent Extension at $5 Billion

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)…

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Coalition releases New Member Briefings for the 117th Congress

Today, the Coalition published briefings on the NMTC for newly elected members of the 117th Congress.

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Black History Month

February is black history month, so we thought we would highlight a few NMTC projects that commemorate the Civil Rights Movement.

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Recent NMTC Project Round-up

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…

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New Markets Tax Credit Receives Five-Year, $5 Billion Extension

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…

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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, 2020. 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


State Fact Sheets and Stories

Videos

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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