WASHINGTON, D.C. (May 23, 2019)– The U.S. Department of the Treasury’s CDFI Fund announced the Calendar Year 2018 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $3.5 billion to 73 Community Development Entities (CDEs) from 35 states, Puerto Rico, and the District of Columbia. “The federal New Markets Tax Credit is a unique and […]
New Markets Tax Credit Coalition Hosts April 2019 Fly-in, Congressional Briefing
Yesterday, on April 9th, the nation’s leading community development entities met with nearly one hundred Members of Congress and their staffs to discuss the advancement of bills introduced in the House and Senate in February that make permanent and expand the New Markets Tax Credit. The fly-in, hosted by the New Markets Tax Credit Coalition, […]
Lawmakers, Community Development Leaders Gather in Washington, D.C. to Discuss Tax Policy Trends and Plans for 2019
Coalition gathers NMTC stakeholders for a policy conference, releases new state statistics WASHINGTON, D.C. (December 18, 2018) — The New Markets Tax Credit (NMTC) Coalition held its Annual Conference on December 12 and 13 in Washington, D.C. The event featured members of Congress as keynote speakers, and panels on timely community development matters. Attendees were […]
Helping Beyond Thanksgiving: Investing in the Revitalization of Low-Income Communities
Thanksgiving is a time to gather with friends and family, a time to reflect on our privileges and the past year’s accomplishments and—most of us—also look forward to enjoying a big, festive meal. Whether you host or travel to a loved one’s homes, many Americans will spend this Thursday gathered around a table, enjoying the […]
Let’s Ensure #InternetDay Keeps Getting People Connected
Post authored by NMTC Coalition Board Member Phil Glynn of Travois. Social media has given rise to many so-called “hashtag holidays” that spring up on Twitter, Facebook and Instagram each morning as we surf on our smartphones for news and updates from our friends. #NationalPizzaDay, #NationalSiblingsDay, #NoDirtyDishesDay. Many are entertaining, some are thought-provoking. Few, however, […]
National Recovery Month: NMTC Financing Addiction Treatment in Under-Served Communities
September is National Recovery Month, which is sponsored by the Substance Abuse and Mental Health Services Administration (SAMHSA) to raise awareness of mental and substance abuse and celebrate recovery. The theme this year is Join the Voices for Recovery: Invest in Health, Home, Purpose, and Community. For the NMTC community, the focus on investment and […]
Community Development Leaders Gathered in Washington, DC as Congress Decided Fate of NMTC in Tax Overhaul
NMTC Coalition Annual Conference attendees successfully pushed for the preservation of the largest federal incentive for investment in low-income communities
New Markets Tax Credit Report Details Major Investment to America’s Struggling Rural and Urban Communities
Data shows the NMTC financed 5,000 projects created over one million jobs all while generating enough revenue to more than pay for its cost to the federal government Washington, D.C. – Today, the New Markets Tax Credit Coalition published a new report on the economic impact of the New Markets Tax Credit (NMTC) from 2003 […]
New Treasury Data Analysis Confirms New Markets Tax Credit Generated Over One Million Jobs in America’s Most Distressed Rural and Urban Communities
Today, the New Markets Tax Credit (NMTC) Coalition provided an updated analysis of U.S. Department of Treasury data on the investment and creation of jobs in low-income communities nationwide. This data indicates that between 2003 and 2015, NMTC financing resulted in over one million jobs in low-income rural towns and urban neighborhoods—areas struggling with lagging […]
Senate Finance Committee Tax Proposal Preserves NMTC
The Senate Finance Committee has released its tax plan. The bill, unlike the House bill, H.R. 1, does not repeal the New Markets Tax Credit. Statement from New Markets Tax Credit (NMTC) Coalition spokesperson Bob Rapoza in response to the Senate’s tax plan released today: “The Senate deserves high praise for keeping the New Markets […]
