Blog

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 WASHINGTON, D.C. (February 25, 2021) – Today, Reps. Terri Sewell (D-AL), Tom Reed (R-NY), Sens. Ben Cardin (D-MD) and Roy Blunt (R-MO) introduced the New Markets Tax Credit (NMTC)…

Coalition releases New Member Briefings for the 117th Congress

Today, the Coalition published briefings on the NMTC for newly elected members of the 117th Congress.

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: 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…

New Markets Tax Credit Receives Five-Year, $5 Billion Extension

Spending Bill Includes Largest Extension in Program’s History Contact: Ayrianne Parks, [email protected], (202) 393-5225 WASHINGTON, D.C. (December 22, 2020) – The Consolidated Appropriations Act of 2020,  passed by the House and Senate and expected to be signed by the President includes a five-year, $25 billion annual extension of the New Markets Tax Credit (NMTC), the…