Today, the CDFI Fund opened the 2020 NMTC allocation round. The Fund will award $5 billion in allocation, up from $3.5 billion in 2019.
Despite the unprecedented challenges posed by the pandemic, NMTC projects are moving forward in 2020 when they’re arguably needed most. We’ve pulled together a collection of 2020 projects for you to browse:
The NMTC Coalition’s virtual conference takes place December 9, 2020 from 11am to 5:30pm ET. More information coming soon!
Investments in economically distressed rural, urban and minority communities WASHINGTON, July 15, 2020 — The U.S. Department of the Treasury’s CDFI Fund announced the Calendar Year 2019 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $3.5 billion to 76 Community Development Entities (CDEs) from 30 states and the District of Columbia. Additionally, 15 percent of […]
Wednesday, July 15, 2020 AWARDS WILL SPUR ECONOMIC AND COMMUNITY DEVELOPMENT NATIONWIDE (CDFI FUND PRESS RELEASE) Washington– The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 […]
Yesterday, the NMTC Coalition held a virtual conference. Thank you to everyone who attended. The contents of the session – including a video we were unable to show – are available on our YouTube channel (please subscribe!).
More than 700 businesses, investors and organizations call on Congress to extend and expand the community and economic development tax credit assisting communities hardest hit by COVID-19 WASHINGTON, June 24, 2020 – Today, the New Markets Tax Credit (NMTC) Coalition sent a letter addressed to Congressional leadership and Members of the 116th Congress urging them to take action to […]
More than half of New Markets Tax Credit projects expand access to healthcare, social services, childcare, job training, nonprofits, and social service providers working to lift people out of poverty. Federal resources for community development have been cut by more than 80 percent since 1980, and communities increasingly count on the NMTC to support new […]
Congress has an opportunity to provide resources to vulnerable, low-income communities dealing with the impact of the Coronavirus.
Today, officials in Baltimore attended a groundbreaking for the Lexington Market rejuvenation project.