Did you know that the New Markets Tax Credit plays a small role in vaccine distribution? The connection isn’t obvious but as you will see, the NMTC plays a role in strengthening several sectors of the economy that will be incredibly important in delivering vaccines to each and every American, no matter their economic status. […]
We’ve created a new fact sheet for the NMTC Extension Act of 2021. As you reach out to Congressional offices and ask them to cosponsor, feel free to link to this.
NMTC Coalition Applauds Sens. Cardin (D-MD) and Blunt (R-MO), Reps. Sewell (D-AL) and Reed (R-NY) for Introducing Bill to Deliver Much Needed Resources to Marginalized Communities(February 25, 2021) –
Today, the Coalition published briefings on the NMTC for newly elected members of the 117th Congress.
February is black history month, so we thought we would highlight a few NMTC projects that commemorate the Civil Rights Movement.
Our occasional round-up of NMTC closings: NCB partners with Wright-Patt CU to provide $16 million to Five Rivers Health Centers’ new facility Dayton, OH National Cooperative Bank (NCB) along with Wright-Patt Credit Union, (WPCU) recently closed a $16 million loan to support a $31.6 million New Markets Tax Credit (NMTC) financing package for the development […]
CDFI fund requests comments on 2021 NMTC application
Spending Bill Includes Largest Extension in Program’s History. The Consolidated Appropriations Act of 2020, passed by the House and Senate and expected to be signed by the President includes a f
Reps. Sewell (D-AL) and Reed (R-NY) Introduce NMTC Pandemic Bill
Lawmakers, Community Development Leaders Celebrate NMTC 20th Anniversary as Tax Credit Extension Deadline Looms
Coalition releases report highlighting NMTC success stories and state statistics. Tax policy trends and plans for 2021 were the focus as the New Markets Tax Credit (NMTC) Coalition held its annual NM
Every four years, the NMTC Coalition publishes a case study report with NMTC success stories from all fifty states.
Ways and Means Committee Chairman Richard Neal will join us for a virtual breakfast event.
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. The CDFI Fund annoucned the2019 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $3.5 billion
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 gro
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!).
NMTC Celebrates 20 Years, Nearly 6,400 Projects Financed and Over One Million Jobs. The New Markets Tax Credit Coalition today released its  2020 New Markets Tax Credit (NMTC) Progress Report