Ways and Means Reconciliation Package Includes Extension and Expansion of the NMTC

Last night, the House Ways and Means Committee approved reconciliation legislation that includes a permanent extension and expansion of the NMTC. The proposed changes were included largely thanks to the leadership of Chairman Richard Neal (D-MA). The Coalition sent a thank you letter to Chairman Neal (attached) yesterday. Terri Sewell (D-AL) was also very supportive […]

$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

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