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

The United States Capitol. Washington, D.C.

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 […]

New Report: NMTC at Work

Every four years, the NMTC Coalition publishes a case study report with NMTC success stories from all fifty states.

Recent NMTC Projects – Sept 2020 Update

Despite the unprecedented challenges posed by the pandemic, NMTC projects are moving forward in 2020 when they’re arguably needed most. We’ve pulled together a collection of 2020 projects for you to browse:

Treasury’s CDFI Fund Announces 2019 NMTC Awards

Investments in economically distressed rural, urban and minority communities WASHINGTON, July 15, 2020 — The U.S. Department of the Treasury’s CDFI Fund announced the Calendar Year 2019 New Markets Tax Credit (NMTC) allocation awards today. The CDFI Fund awarded $3.5 billion to 76 Community Development Entities (CDEs) from 30 states and the District of Columbia. Additionally, 15 percent of […]