The New Markets Tax Credit (NMTC) Coalition held a fly-in on April 9th, 2019, bringing the NMTC community together for an important one-day event to engage with Members of Congress and advocate for NMTC permanency legislation. With many new Members of Congress elected to serve in the 116th Congress and the expiration of the PATH Act Authorization of the NMTC in December, it was a key time for the Coalition to engage and be in Washington. The April fly-in event replaced the Coalition's usual NMTC Policy Conference, which is typically in June.

The day began with breakfast and panel discussions at the Hotel Monaco in Washington, D.C.  In the morning, attendees participated in sessions with NMTC investors and legal experts, as well as a session with Treasury Department staff. The new CDFI Fund Director, Jodie Harris, also provided remarks, which was  her first appearance at an NMTC industry event. Then attendees headed to Capitol Hill for congressional meetings from 12 pm to 5 pm.

Attendees of the fly-in, Members of Congress and their staffs were then invited to attend a special briefing on the NMTC in the House Ways and Means Committee Room (1100 Longworth House Office Building) at 5 p.m. A reception followed the event, providing attendees an opportunity to connect and share information with colleagues, Members of Congress and congressional staff. Congresswoman Terri Sewell, Congressman Tom Reed (R-NY), Congressman Jason Smith (R-MO) and Congressman TJ Cox (D-CA) all attended the briefing and provided remarks and noting their strong support for the NMTC.

• Congressional Briefing Panel Presentations

NMTC Coalition April Fly-In Agenda

 

 

 

 

 

Location: The Ways and Means Committee room, 1100 Longworth House Office Building

Time: 5:00 pm - 5:45 pm followed by a reception from 5:45 pm to 7:00 pm

Emcee: Kermit Billups, Chair of the NMTC Coalition Board and Executive Vice President of Greenline Ventures (Maryland)

Welcome Keynotes: Rep. Terri Sewell (D-AL) and Rep. Tom Reed (R-NY)

Panelists:

• Aisha Benson, Executive Vice President, TruFund Financial Services (New York)
• Bill Dana, President/CEO, Central Bank Of Kansas City (Missouri)
• Pat Sluder, Vice President, MassDevelopment (Massachusetts)
• Joe Summers, Vice President, Urban Action Community Development (Maryland)

Reception Keynote: Rep. Jason Smith (R-MO)

WEBSITE NMTC Coalition April 2019 Briefing and Reception

The New Markets Tax Credit (NMTC) Coalition held its Annual Conference on December 12 and 13 in Washington, D.C. The event featured members of Congress as keynote speakers, and panels on timely community development matters. Attendees were also provided with insights from the Treasury Department and the release of updated state statistics on NMTC efficacy.  Keynote speakers at the conference included U.S. Reps. Terri Sewell (D-Ala.) and Tom Reed (R-N.Y.), as well as CDFI Fund Director Annie Donovan. Senators Ben Cardin (D-Md.) and Rob Portman (R-Ohio), Senate NMTC Extension Act cosponsors and Senate Finance Committee members, both spoke at the Coalition's Capitol Hill reception.

Panels during the conference also included NMTC board and leadership, economic development experts, key congressional staff, and Treasury Department professionals. Discussions focused on the future of tax policy, Opportunity Zones, NMTC investor prospects, NMTC financing disaster relief, and the latest insights from the Treasury Department.

Thank you to our sponsors of the 2018 NMTC Coalition Conference, which are listed in the agenda to the right.

 

NMTCC Annual Conference Agenda

The NMTC Coalition's 2018 NMTC Policy Conference featured a host of congressional keynotes and treasury department speakers, including House Ways and Means Committee Ranking Member Richard E. Neal (D-MA) will provide the opening breakfast keynote, CDFI Fund Director Annie Donovan will provide keynote remarks later that morning, and Rep. Tom Reed will speak at the luncheon. Attendees also had the opportunity to engage with legislators on Capitol Hill during congressional visits and a Capitol Hill reception.

A variety of panels featuring NMTC practitioners and legal experts, leading investors, as well as key Treasury Department staff also took place during the event. In addition, the Coalition released its 2018 NMTC Progress Report.

View the Conference Agenda.