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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

Nearly 1,000 businesses, investors and organizations call on Congress to expand and make the community and economic development tax credit permanent WASHINGTON, November 20, 2019 – Today, the New Markets Tax Credit (NMTC) Coalition sent a letter addressed to Congressional leadership, the House Ways and Means Committee and its Chairman, Richard Neal (D-MA), as well as to the Senate Finance Committee…

The New Markets Tax Credit expires at the end of 2019. Without an extension, our hardest hit communities will lose one of the largest sources of financing for community facilities, healthcare clinics, and recreational facilities like YMCAs and YWCAs. Please take a few seconds to sign your organization on to the NMTC Coalition’s letter to…

The New Markets Tax Credit (NMTC) expires on December 31, 2019. Tell Congress to preserve this community development tool by signing your organization onto the NMTC Coalition’s letter to congressional leadership. The letter, which is addressed to Congressional leadership and the leaders of the tax committees, calls for a permanent extension of the NMTC and…

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.

Guest post by Kermit Billups, Greenline Ventures The New Markets Tax Credit (NMTC) is one of the most efficient community economic development tools for low-income communities that I have encountered in my 35 years of investment banking. I currently have the privilege of serving as the President of the NMTC Coalition, a national membership organization…