NMTC Coalition, Author at New Markets Tax Credit Coalition

Looking Back on the Origins of the NMTC

With the NMTC now permanent, take a trip down memory lane.

New Markets Tax Credit Receives Permanent Extension in Spending Bill

The NMTC received a permanent extension in H.R.1, ensuring long-term investment in underserved communities. The credit has spurred $143B in investment and 1.2M jobs since 2000.

Senate Finance Committee Proposes Permanent Extension of the NMTC

On Monday, June 16, 2025, the Senate Finance Committee included a permanent extension of the NMTC within President Trump’s One Big Beautiful Bill.

The NMTC: Restoring American Manufacturing

In 2024, 114 NMTC projects supported over 18,000 jobs at industrial sector businesses, from a small steel fabricator in rural Ohio to a massive pipe manufacturing facility in central Oklahoma.

NMTC Funded 350 Projects, More Than 61,000 Jobs Across the U.S. in 2024

The New Markets Tax Credit Coalition today released its 2025 New Markets Tax Credit (NMTC) Progress Report, the 21st edition of the report-providing analysis of NMTC activities in 2024.

More than 500 Groups Urge Congress to Support the New Markets Tax Credit

Today, over 500 businesses, community development organizations, investors, lenders, nonprofits, trade associations and other organizations sent a letter urging Congress to support and pass the bipartisan New Markets Tax Credit

NMTC Program Brings Jobs, Economic Development, and Sustainability to North Carolina – Let’s Make It Permanent

The Revolution Mill complex revitalization project in Greensboro, North Carolina, is nearing the finish line, but the adaptive reuse project has already generated a broad economic impact on the region

Uvalde’s new Legacy Elementary School Financed by the NMTC

On Tuesday, April 8th, supporters of the new Legacy Elementary School gathered in Uvalde to celebrate the school securing full funding.

Organization Sign-on Letter: Tell Congress to Make the NMTC Permanent

The NMTC Coalition is circulating an organization sign-on letter to Congress urging them to make the NMTC permanent.

NMTC Extension Act Reintroduced

The legislation would make the NMTC permanent, provide an inflation adjustment in out-years, and exempt NMTC investments from the Alternative Minimum Tax.

Tax Leaders Continue Push for New Markets Permanence

Tax policy trends, community economic development, and the new administration were the focus at the New Markets Tax Credit (NMTC) Coalition’s annual NMTC Conference, held this week.

NEW REPORT: The NMTC: At Work in Communities Across America

The NMTC as a Disaster Assistance Tool

The New Markets Tax Credit (NMTC) has been instrumental in aiding disaster-stricken low-income communities by providing essential financing for recovery and rebuilding efforts.

CDFI Fund Opens Record $10 Billion NMTC Allocation Round

Today, the CDFI Fund opened the Calendar Year (CY) 2024-2025 Notice of Allocation Availability. CDEs will have until January 29, 2025 to apply for a record $10 billion in allocation.

U.S. Treasury Department’s CDFI Fund Announces Fiscal Year 2023 NMTC Awards

$5 Billion investment in economically distressed rural, urban, and minority communities

Rep. Adriano Espaillat (D-NY) speaks at grand opening of Fine Fare supermarket

Grand Concourse Fordham is a mixed‐use commercial building with a grocery store tenant (Fine Fare) and a community services tenant

Rep. Clyburn (D-SC) on Hand as Orangeburg breaks ground on Railroad Corner redevelopment project

“I was honored to participate in today’s groundbreaking of the Railroad Corner Redevelopment project in Orangeburg,” said Jim Clyburn.

NMTC Funded 322 Projects, Nearly 60,000 Jobs Across the U.S. in 2023

Projects generated 59,332 jobs in 2023, including 33,676 permanent FTE jobs and 25,656 construction jobs.

Recent NMTC Projects Break Through Into New Congressional Districts

Over on the Novogradac blog (a must read for NMTC news), Brad Elphick and Peter Lawrence have an interesting interesting post on some of the opportunities for investment in the 27 Congressional Districts without NMTC projects (through 2021). We just finished our survey of 2023 projects (the 2024 NMTC Progress Report is coming next week!) so […]

No June Conference in 2024

The NMTC Coalition will not be holding a conference this June. We’re having a fly-in for the NMTC Coalition Board. If you’re a Coalition member who plans to be in town for the June 6-7 Novogradac Conference and would like help arranging Hill visits, let us know. The 2024 NMTC Progress Report will still be […]

Tax Policy Working Groups

Ways and Means Chairman Smith (R-MO) and Tax Subcommittee Chair Mike Kelly (R-PA) recently released a list of newly formed working groups to study key provisions and make recommendation

TAX POLICY LEADERS PUSH FOR NEW MARKETS TAX CREDIT PERMANENCE

Tax policy trends and community economic development were the focus at the New Markets Tax Credit (NMTC) Coalition annual NMTC Conference,

Momentum Continuing to Build Behind NMTC Extension Act of 2023

Senator Deb Fischer (R-NE) and Representative Mike Ezell (R-MS) join as cosponsors

NMTC Projects in Minority Leader Jeffries District

Highlighting projects and impact in NY08

NMTC Projects in Speaker Candidate Districts

NMTC highlights in speaker candidates districts

2023 NMTC Allocation Round Officially Opens Tomorrow

Application due Dec. 19, 2023

NMTC Coalition, 700 Organizations Urge White House, Congressional Leadership to Make NMTC Program Permanent

Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by nearly 700 community development stakeholders