Blog
NMTC Coalition Annual Conference Opens today
CDEs and investors from across the country are coming to Washington to advocate for a permanent NMTC
NMTC Coalition
November 30, 2022
CDEs and investors from across the country are coming to Washington to advocate for a permanent NMTC
Today, the CDFI Fund opened the 2022 NMTC Application Round. The agency will award $5 billion in allocation some time next year.
“We strongly support making the NMTC permanent,” said Aisha Benson, President of the NMTC Coalition and President and CEO of Nonprofit Finance Fund.
Over the past two decades, the New Markets Tax Credit has delivered nearly $1.6 billion in financing to 80 YMCAs and YWCAs, expanding recreation and health options in low-income communities across the country.
Today in Santa Rosa, CA, the new, $53 million Caritas Center opened with supportive services for the unhoused.
The NMTC Coalition is circulating an organization sign-on letter to Congress urging them to make the NMTC permanent.
Today’s Washington Post includes a write-up of NMTC-Coalition members Howard and Donna Smith and their work to expand affordable homeownership using the NMTC.
Senator Portman Sees Firsthand How New Market Tax Credits Extension Act Funding Have Helped Expand Its Services With New Stark County Campus