The Case for NMTC Permanence
Congress has an opportunity to make one of the federal government’s most successful community development programs permanent at the low, ten-year cost of $1.38 billion
Sign-on in support of a permanent, expanded NMTC
Tell Congress to make the NMTC permanent and expand its reach
Testimonials from Constituents
The NMTC Coalition has collected testimonials from over 400 community leaders, businesses, nonprofits, CDEs, investors, and ot…
NMTC Projects in U.S. Territories
The House Ways and Means Committee’s reconciliation package would expand NMTC investment in U.S. territories.
Ways and Means Reconciliation Package Includes Extension and Expansion of the NMTC
Last night, the House Ways and Means Committee approved reconciliation legislation that includes a permanent extension and ex…
House Ways and Means Takes up Community Development Tax Provisions
Today and tomorrow, the House Ways and Means Committee is marking up the Community Development and Infrastructure portion of…
U.S. Treasury Department’s CDFI Fund Announces Fiscal Year 2020 NMTC Awards
$5 billion investment in economically distressed rural, urban, and minority communities
New Website Feature: Projects Nearby a Congressional District
NMTC projects often serve an entire region. For example, a hospital provides services to people throughout a city. The hospit…
Eight More Members of Congress Cosponsor H.R. 1321
Yesterday, Reps. Karen Bass (D-CA), Tony Cardenas (D-CA), Sanford Bishop (D-GA), Mike Simpson (R-ID), Fred Upton (R-MI), Anth…
Eight New Cosponsors of H.R. 1321
Members of Congress from both parties continue to sign-on to the NMTC Extension Act of 2021, which would make the NMTC permanent.
NMTC Policy Conference Wrap-up
With the 2021 NMTC Coalition Policy Conference now in the rear mirror, please head to our events page for a full wrap-up of t…
New Markets Tax Credit Coalition Releases 2021 NMTC Progress Report
The NMTC Funded 272 Projects and more than 45,000 Jobs Across the U.S. in 2020
Six Florida Representatives cosponsor H.R. 1321
Over the past week, SIX(!) Florida Representatives have signed on to the NMTC Extension Act of 2021. They include Representat…
Rural Jobs Act Reintroduced
Today, the Rural Jobs Act was reintroduced in the House and Senate by Senators Roger Wicker, R-Miss., Mark Warner, D-Va., Joh…
NMTC Advocacy Week – Social Media Round-up
Thanks to everyone who participated in NMTC Advocacy Week on social media. Here’s a roundup of a few of the posts:
Advocacy Week Day 1 – Social Media Highlights
We urge all supporters of the NMTC to jump on social media and promote NMTC projects large and small. Here are a few highlights from yesterday:
It’s NMTC Advocacy Week
Learn more about how you can help #MakeTheNMTCPermanent: https://nmtccoalition.org/nmtc-advocacy-week Want to participate in…
Next Week is NMTC Advocacy Week
NMTC Coalition members advocate for the NMTC Extension Act of 2021, additional investment in BIPOC-owned CDEs, childcare, business incubators, clean-tech industries and investor liquidityThe w
Small Business Week
The NMTC supports quite a few small businesses and entrepreneurs, both directly (through direct financing) and indirectly (through real estate financing of incubators and creative shared space).
New Urban Institute Research on the NMTC
Today, the Urban Institute is out with new issue briefs on the New Markets Tax Credit. The Urban Institute found that communi…
Vortex Cold Storage Breaks Ground on New Facility with NMTC Financing
Earlier this year, Midwest Minnesota Community Development Corporation provided $3.4 million in NMTC financing to Vortex Cold Storage to develop a state-of-the-art temperature-controlled warehousing to support Agribusiness and Food Distribution business supply chains in the Southern Minnesota and Northern Iowa regions. The project held a groundbreaking ceremony last week in Albert Lea, MN.
NMTC Alignment with the American Jobs Plan
The AJP envisions several promising new programs and initiatives for financing housing, invigorating our clean energy economy, and replacing our electric grid, among other ideas. Many of the goals and priorities in the plan align well existing federal initiatives – in particular the NMTC
The NMTC and the American Jobs Plan
Possibility of Permanent Extension of New Markets Tax Credit Offers Great Opportunities
Underserved communities that confront difficult situations, including natural disasters, economic distress, and economic disl…
The NMTC and Vaccine Distribution
Did you know that the New Markets Tax Credit plays a small role in vaccine distribution? The connection isn’t obvious but as…
New Fact Sheet for NMTC Extension Act
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.
Bills Introduced in Senate, House Call for NMTC to Receive Permanent Extension at $5 Billion
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) –
Black History Month
February is black history month, so we thought we would highlight a few NMTC projects that commemorate the Civil Rights Movement.
Recent NMTC Project Round-up
Our occasional round-up of NMTC closings
CDFI Fund releases proposed 2021 NMTC application for public comments
CDFI fund requests comments on 2021 NMTC application
New Markets Tax Credit Receives Five-Year, $5 Billion Extension
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
The New Markets Stabilization Act Introduced
Reps. Sewell (D-AL) and Reed (R-NY) Introduce NMTC Pandemic Bill
NMTC at Work Report Released (2020)
Chairman Richard Neal (D-MA) to Speak at NMTC Coalition Annual Conference
Ways and Means Committee Chairman Richard Neal will join us for a virtual breakfast event.
CDFI Fund Opens 2020 NMTC Application Round
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.
Save the Date for Our Virtual Conference
The NMTC Coalition’s virtual conference takes place December 9, 2020 from 11am to 5:30pm ET. More information coming soon!