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…
New State Fact Sheets
We’ve updated our State Fact Sheets with NMTC data through the 2nd quarter of 2019.
Two New Data Updates from the CDFI Fund
CDFI Fund Releases Applicant Demand from the 2019 NMTC Round and NMTC Transaction Data through 2017. Data shows robust demand for the NMTC and billions in new investments in hard hit communities
Sign-on to Preserve the NMTC
The NewMarkets Tax Credit (NMTC) expires on December 31, 2019. Tell Congress topreserve this community development tool by si…
World Habitat Day
Today, on World Habitat Day, we’re highlighting many of the Habitat for Humanity projects financed by the New Markets Tax Credit. The credit has supported thousands of affordable, single-family houses – often in areas recovering from disasters.
NMTC: Unprecedented Economic Development Tool for Low-Income Communities Hangs in the Balance
Guest post by Kermit Billups, Greenline Ventures. The New Markets Tax Credit (NMTC) is one of the most efficient communityeconomic development tools for low-income communities that I have encounteredi
Celebrating the CDFI Fund’s 25th Anniversary
The CDFI Fund was authorized by Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. The act created a new ag…
NMTC Projects in GA-05
The NMTC has delivered over $1 billion in financing to 40 community development projects in Georgia’s Fifth Congressional Dis…
2019 NMTC Application Released
Yesterday, the CDFI Fund released the 2019 NMTC Application for $3.5 billion in NMTC allocation authority. Application materi…
Wind River Family & Community Health Care Welcomes Senator Enzi at Expanded Clinic
$3 million expansion increases access to medical, dental and behavioral health services to support the area’s growing health care needs
NEW: Highlighting Summer Site Visits
Be sure to check out our new page highlighting NMTC project visits by members of Congress this summer. We’ll be adding more s…
Before and After
Don’t miss the Coalition’s new collection of Before and After animations of NMTC projects. Before and After Collection…
NMTC Coalition Releases 2019 NMTC Progress Report
The 15th edition of the NMTC Progress Report shows the NMTC continues to grow businesses and create jobs in rural and urban communities left outside the economic mainstream.
Rural Jobs Zone Legislation Introduced in House and Senate
Last week, Senators Wicker (R-MS), Warner (D-VA), Capito (R-WV), and Cardin (D-MD) joined Representatives Sewell (D-AL) and S…
Treasury’s CDFI Fund Announces 2018 NMTC Awards
The U.S. Department of the Treasurys CDFI Fund announced the Calendar Year 2018 New Markets Tax Credit (NMTC) allocation awardstoday. The CDFI Fund awarded$3.5 billion to 73 Community Development Enti
Six New Cosponsors of H.R. 1680
Full cosponsorship list Today, Representatives Tim Ryan (D-OH), Jimmy Panetta (D-CA), Sharice Davids (D-KS), Peter DeFazio (D…
Selected NMTC Projects in Illinois 11th District
One Hope United’s Joliet Early Learning Center One Hope United ’s (OHU) Joliet Early Learning Center will open in March, than…
Recent NMTC Projects in Minnesota’s 4th District
Small business incubator, training center opens on St. Paul’s East Side Dayton’s Bluff Neighborhood Housing Services of St. P…
Senator Blunt’s Statement on National Small Business Week
“There is more we ought to be doing. One thing we could have that a lot of small businesses could really benefit from is the New Markets Tax Credit Program. This is a program that was first authorized in 2000. It encourages investment in high-poverty areas or in low-income areas. Again, in Missouri, 42,000 new […]
NMTC Program Paves Way for Expansion of Investing in Rural America
NMTC Coalition Executive Committee member Kevin Goldsmith has a piece in the latest issue of the Novogradac Journal of Tax Credits on the NMTC’s growing presence in rural communities:
The N
Tax Credit Deal Moves Rescue Mission Remodel Campaign Into Home Stretch
Construction expected to be finished this summer Thanks to the recent closing of a tax credit transaction, the Santa Barbara…
New Markets Tax Credit Coalition Hosts April 2019 Fly-in, Congressional Briefing
Yesterday, on April 9th, the nation’s leading community development entities met with nearly one hundred Members of Congress and their staffs to discuss the advancement of
Senator Daines to tour the future Billings Family Service facility today
Today Senator Daines (R-MT) is touring the future site of the Billings Family Service headquarters. The new facility is recei…
Reps. Holding (R-NC), Rutherford (R-FL), and Gomez (D-CA) cosponsor HR 1680
Learn more about: Jessie Ball Dupont Center: https://t.co/OkFQ39qfD1 Rocky Mount Event Center: https://t.co/9DMf74gymI Budokan of LA Rec Center: https://t.co/6saBh7Wncm — NMTC Coalition (@NMTCCoalition) March 15, 2019
New Member Briefings
The New Markets Tax Credit Coalition has prepared briefing books for all new members of the 116th Congress along with a handf…