2021 NMTC Coalition Policy Conference
June 17th, 11:00 a.m. to 6:10 p.m. ET (virtual)
The NMTC Coalition’s 2021 Virtual Policy Conference took place on June 17, 2021. The conference, which was held virtually this year, is typically held in Washington, D.C. and brings together Community Development Entities (CDEs), investors, and policymakers who are engaged with the NMTC. We expect to have record attendance, with NMTC practitioners participating from all across the country.
Conference Materials
Powerpoint presentations are posted below on the agenda. Videos will also be posted after they run.
In our 2021 NMTC Progress Report, we highlight a variety of NMTC-funded projects, one of which is the Salt City Market in Syracuse, NY. Learn about other projects here: https://t.co/rIx7NL9PN9 #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/3BpYOAGnMA
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Thank you to our conference sponsors:
Conference Agenda: Thursday, June 17, 2021
Welcome by NMTC Coalition President
Yvette Ittu, President of the NMTC Coalition, Cleveland Development Advisors
The 2021 NMTC Coalition Policy Conference has officially begun with a welcome from NMTC Coalition President @YvetteIttu! Follow along today with the hashtags #NMTCinAJP and #MaketheNMTCPermanent and view the full conference agenda here: https://t.co/C1zdmW9iGd
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Yvette Ittu's Remarks
Congressional Keynote: Rep. Richard Neal (D-MA)
During his keynote, Representative @RepRichardNeal, Chairman of the @WaysMeansCmte, stressed the importance of making the New Markets Tax Credit permanent. Read more about NMTC success stories in Rep. Neal's district: https://t.co/nhZtaJ1Oxv pic.twitter.com/YHxuDmwPXQ
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Rep. Neal's Remarks (6/17/21)
Recent Program Updates
2021 NMTC Progress Report
Paul Anderson, Rapoza Associates
Rapoza Associates' @paulmcanderson is highlighting recent projects that used the NMTC in his discussion of the 2021 NMTC Progress Report. One of these programs is the @PghFoodBank. #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/MdDtjjQmkj
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Paul Anderson's Presentation
Urban Institute NMTC Report
Brett Theodos, Urban Institute
Brett Theodos' Presentation
Congressional Keynote: Sen. Mark Warner
“Frankly, the New Markets Tax Credit is one of the most successful initiatives that we’ve seen in this idea of community redevelopment” - Senator @MarkWarner
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Browse Virginia NMTC Success Stories: https://t.co/X00aBTQ9Md #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/Ojnswio8wb
Congressional Keynote: Sen. Ben Cardin (D-MD)
During his Congressional Keynote, @SenatorCardin discussed the future of the NMTC and why he is fighting for the permanency of the program.
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Learn more about Maryland NMTC success stories: https://t.co/GxR0sJkbQw #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/FjaqwziFZU
Policy and Legislative Update
Bob Rapoza, Rapoza Associates
Where does the NMTC stand? @bobrapoza gave a policy & legislative update on the program during today's conference. You can also stay updated on NMTC progress by reading the "Legislative History" section of our website: https://t.co/gtz3UGnxfT #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/hMdad8bDAm
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Bob Rapoza's Presentation
Lunch Break
In 2020, 1,413 small businesses, startups, and entrepreneurs were supported by #NMTC incubator and makerspace projects.
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Read more results from the 2021 NMTC Progress Report here: https://t.co/rIx7NL9PN9 #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/JRQyK2yqxT
Many NMTC-funded programs focus on education. In 2020, 78,000 individuals were served by colleges, schools, vocational training programs, and workforce development initiatives thanks to the NMTC. Check out more 2021 NMTC Progress Report highlights: https://t.co/rIx7NL9PN9 #NMTC pic.twitter.com/8W53kGhQmI
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Hill Panel
This panel will discuss infrastructure, the legislative hurdles to making a deal, and what the final six months of the 117th Congress may bring.
Moderator
- Bob Rapoza, Rapoza Associates
Panelists
- Beth Bell, House Ways and Means Committee, Majority
- Paul Guaglianone, Office of Senator Roy Blunt
- Ron Storhaug, Office of Senator Ben Cardin
Congressional Keynote: Sen. Roy Blunt (R-MO)
Introduction by Bob Rapoza, Rapoza Associates
Thanks to Senator @RoyBlunt, one of the principal advocates for the #NMTC since 2013, for presenting his Congressional Keynote today.
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Learn more about Missouri NMTC success stories here: https://t.co/iKy2HNfB8E #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/Hbms3JMfnI
Policy Keynote: Jodie Harris
Director, CDFI Fund, U.S. Department of the Treasury
Introduction by Merrill Hoopengardner, National Trust Community Investment Corporation
Jodie Harris from @CDFIFund & @USTreasury just finished her Policy Keynote about the importance of funding community development programs. Next, we look forward to hearing from panel members about their insights from the Treasury. #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/GKQndY2vEc
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Director Harris' Remarks
Insights from Treasury
Treasury panelists will provide an update on their priorities, data, and guidance related to the New Markets Tax Credit program.
Moderator
- Merrill Hoopengardner, National Trust Community Investment Corporation
Panelists
- Christopher Allison, Program Manager for the NMTC, CDFI Fund
- Trefor Henry, Associate Program Manager, Compliance, Monitoring and Evaluation, CDFI Fund
- Oscar Gonzales, Associate Program Manager, Financial Strategy and Research, CDFI Fund
Panel Video
@NTCIC President Merrill Hoopengardner (@mfhoop) discusses the #NewMarketsTaxCredit with @CDFIFund Director Jodie Harris and the #NMTC team during today's @NMTCCoalition Conference. Topics include the anticipated summer award announcement, & application strategy related to COVID. pic.twitter.com/VLDci84lGu
— NTCIC (@NTCIC) June 17, 2021
Policy Keynote: Noel Poyo
Deputy Assistant Secretary, Community and Economic Development, U.S. Department of the Treasury
"I want to talk about what’s possible," explained @NpoyoA of @USTreasury in his Policy Keynote today. The #NMTC has the potential to spread capital and help communities across the country achieve great things. #NMTCinAJP #MaketheNMTCPermanent pic.twitter.com/UmwIljxHgZ
— NMTC Coalition (@NMTCCoalition) June 17, 2021
Poyo's Remarks
Law Firm Panel
During this session, a panel of legal experts will discuss trends and issues they are seeing in the NMTC industry as we emerge from the pandemic.
Moderator
- Andrew Swary, Finance Fund
Panelists
- Carol J. Mihalic, Kutak Rock, LLP
- Jennifer Simmons, DentonsÂ
Panel Video
NMTC Investor Roundtable
Join NMTC investors as they discuss issues ranging from recent shifts in pricing, the impact of proposed tax policy changes, and other issues facing NMTC investors.
Moderators
- Michael Novogradac, Novogradac & Company
- Ira Weinstein, CohnReznick
Panelists
- David Gibson, PNC Financial Services Group
- Steve Ross, Truist Community Capital
- Laura Vowell, U.S. Bancorp Community Development Corporation
- Lee Winslett, Wells Fargo Community Lending & Investment
Panel Video
Closing Remarks
Bob Rapoza, Rapoza Associates
Yvette Ittu, NMTC Coalition President, Cleveland Development Advisors
Parting Words
#NMTC s reach #rural & urban communities outside the economic mainstream in providing patient, flexible capital that creates jobs, business opportunities & improved services@SenatorCollins @SenAngusKing @RepGolden @chelliepingree https://t.co/1NuxTCkYa5#MakeNMTCPermanent pic.twitter.com/79bHc8a8XM
— CEI Capital (@CEICapital) June 17, 2021