Elementor #14959

NMTC Coalition Releases 2020 NMTC Progress Report

Our latest annual report on the New Markets Tax Credit

THE LATEST

New Website Feature: Projects Nearby a Congressional District

NMTC projects often serve an entire region. For example, a hospital provides services to people throughout a city. The hospital hires workers from the surrounding community, which can include multiple Congressional districts. With this in mind, it made sense to expand the list of projects on our Congressional District pages to also include projects nearby…

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Eight More Members of Congress Cosponsor H.R. 1321

Yesterday, Reps. Karen Bass (D-CA), Tony Cardenas (D-CA), Sanford Bishop (D-GA), Mike Simpson (R-ID), Fred Upton (R-MI), Anthony Gonzalez (R-OH), Ann Kuster (D-NH), and Peter Welch (D-VT) all agreed to cosponsor the NMTC Extension Act of 2021. This brings the cosponsor list to 79 members of the House (plus Rep. Terri Sewell, the lead sponsor).Below…

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NMTC Policy Conference Wrap-up

With the 2021 NMTC Coalition Policy Conference now in the rear mirror, please head to our events page for a full wrap-up of the conference including videos from presentations, PPTs, and social media highlights. You can also download the NMTC Coalition’s 2021 Progress Report below: Conference Wrap-up https://nmtccoalition.org/events Progress Report https://nmtccoalition.org/progress-report You can also find…

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Six Florida Representatives cosponsor H.R. 1321

Over the past week, SIX(!) Florida Representatives have signed on to the NMTC Extension Act of 2021. They include Representatives Kathy Castor (D-FL), Charlie Crist (D-FL), Mario Diaz-Balart (R-FL), Stephanie Murphy (D-FL), Frederica Wilson (D-FL), and Gus Bilirakis (R-FL) all cosponsored.  Success Stories from their Districts Rep. Castor Rep. Crist Rep. Diaz-Balart Rep. Murphy Rep….

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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

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Latest Cosponsors of S. 750

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Testimonials

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State Fact Sheets and Stories

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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