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
Projected Impact of $5B in NMTC allocation awards
Using recent data on NMTC transactions, the NMTC Coalition projects the impact of the 2022 NMTC Allocation Awards
Other Trends in the 2022 NMTC Allocation Awards
More analysis of the 2022 NMTC award round
Four Members of Congress Urge Treasury to Award Authorized NMTC Allocation Before End of 2025
Letter to Treasury from Cosponsors of the NMTC Extension Act
Analysis of the 2022 NMTC Allocation Awards
We could see a significant jump in NMTC investment in Indian Country
New NMTC Eligibility Data from the CDFI Fund
The CDFI Fund updated NMTC eligibility criteria using data from the 2020 Census.
New Impact Report from the CDFI Fund
CDFI Fund Report on FY 2021 NMTC transaction trends
Organization Sign-on Letter: Tell Congress to Make the NMTC Permanent
Please sign your organization onto our letter calling for NMTC permanence
Updated State Fact Sheets
Updated state statistics, quotes, and more
The NMTC Funded 297 Projects, Nearly 53,000 Jobs Across the U.S. in 2022
The New Markets Tax Credit Coalition today released its 2023 New Markets Tax Credit (NMTC) Progress Report, the 19th edition of the report—providing analysis of NMTC activities in 2022.
New Cosponsors of the NMTC Extension Act
New cosponsors on the NTMC Extension Act of 2023
Registration Opens for 2023 NMTC Coalition Policy Conference
June 7th at the Madison Hotel in Washington, DC Today, the NMTC Coalition opened registration for its Policy Conference in Washington, DC. This will be the Coalition’s first in-person, June Policy conference since before the COVID-19 Pandemic! The conference takes place June 7, 2023, at the Madison Hotel in our nation’s capital. Early Bird Registration […]
Bill Introduced in House Calls for NMTC to Receive Permanent Extension at $5 Billion
NMTC Coalition Applauds Reps. Tenney, 25 Colleagues for Introducing Bill to Deliver Much Needed Resources to Marginalized Communities
NMTC Coalition Hails Opening of DC Central’s Kitchen Michael R. Klein Center for Jobs and Justice
New facility within the RiverPoint development allows the three-decade-old nonprofit to triple its capacity for providing healthy food and job training opportunities to the local community.
President’s Budget Includes Call for Permanent NMTC Extension
Proposal Also Provides Increase to the CDFI Fund