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!
Treasury’s CDFI Fund Announces 2019 NMTC Awards
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
CDFI Fund Announces More Than $3.5 Billion in New Markets Tax Credits
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
NMTC Coalition Virtual Conference Recording Available Online
Yesterday, the NMTC Coalition held a virtual conference. Thank you to everyone who attended. The contents of the session – in…
New Markets Tax Credit Coalition Releases 2020 NMTC Progress Report
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
Organizations Urge Congress to Pass Emergency Expansion of New Markets Tax Credit
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-19WASHINGTON, J
Three New Cosponsors on H.R. 1680
Last week, three members of Congress cosponsored the New Markets Tax Credit Extension Act of 2019 (H.R. 1680): Garrett Graves…
Baltimore’s Lexington Market Groundbreaking
Today, officials in Baltimore attended a groundbreaking for the Lexington Market rejuvenation project.
New Markets Tax Credit Receives One-Year, $5 Billion Extension
Spending Bill Expected to be Signed Into Law Today Authorizes $1.5 Billion Increase in Allocation.The Fiscal Year 2020 appropriations bill , H.R. 1865, which will signed into law today by President Tr
$5 Billion in NMTC Authority included in Tax Deal
Overnight, congressional negotiators reached a deal on expired tax provisions that would provide a one-year New Markets Tax Credit extension at an allocation level of $5 billion for 2020. The legisl
Tax Policy Trends and Plans for 2020 Were Focus for Lawmakers, Community Development Leaders at Annual D.C. Policy Conference
Coalition gathers NMTC stakeholders, releases state statistics. New Markets Tax Credit extension legislation, tax policy trends and plans for 2020 were the focus as the New Markets Tax Credit (NM
CRA Modernization Proposal Released
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are soliciting comme…
CRA Modernization Proposal Coming Soon
With the OCC set to release a proposal to modernize CRA rules and the FDIC set to vote on it tomorrow, we thought we’d repost…