NMTC Coalition Press Releases

Next Week is NMTC Advocacy Week

Next Week is NMTC Advocacy Week

NMTC Coalition members advocate for the NMTC Extension Act of 2021, additional investment in BIPOC-owned CDEs, childcare, business incubators, clean-tech ...
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Bills Introduced in Senate, House Call for NMTC to Receive Permanent Extension at $5 Billion

Bills Introduced in Senate, House Call for NMTC to Receive Permanent Extension at $5 Billion

NMTC Coalition Applauds Sens. Cardin (D-MD) and Blunt (R-MO), Reps. Sewell (D-AL) and Reed (R-NY) for Introducing Bill to Deliver ...
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The United States Capitol. Washington, D.C.

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

Spending Bill Includes Largest Extension in Program’s History. The Consolidated Appropriations Act of 2020, passed by the House and Senate ...
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Lawmakers, Community Development Leaders Celebrate NMTC 20th Anniversary as Tax Credit Extension Deadline Looms

Lawmakers, Community Development Leaders Celebrate NMTC 20th Anniversary as Tax Credit Extension Deadline Looms

Coalition releases report highlighting NMTC success stories and state statistics. Tax policy trends and plans for 2021 were the focus ...
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Treasury’s CDFI Fund Announces 2019 NMTC Awards

Treasury’s CDFI Fund Announces 2019 NMTC Awards

Investments in economically distressed rural, urban and minority communities. The CDFI Fund annoucned the2019 New Markets Tax Credit (NMTC) allocation ...
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CDFI Fund Announces More Than $3.5 Billion in New Markets Tax Credits

CDFI Fund Announces More Than $3.5 Billion in New Markets Tax Credits

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits ...
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New Markets Tax Credit Coalition Releases 2020 NMTC Progress Report

New Markets Tax Credit Coalition Releases 2020 NMTC Progress Report

NMTC Celebrates 20 Years, Nearly 6,400 Projects Financed and Over One Million Jobs. The New Markets Tax Credit Coalition today ...
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Organizations Urge Congress to Pass Emergency Expansion of New Markets Tax Credit

Organizations Urge Congress to Pass Emergency Expansion of New Markets Tax Credit

More than 700 businesses, investors and organizations call on Congress to extend and expand the community and economic development tax ...
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New Markets Tax Credit Receives One-Year, $5 Billion Extension

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

Spending Bill Expected to be Signed Into Law Today Authorizes $1.5 Billion Increase in Allocation.The Fiscal Year 2020 appropriations bill ...
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$5 Billion in NMTC Authority included in Tax Deal

$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 ...
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Tax Policy Trends and Plans for 2020 Were Focus for Lawmakers, Community Development Leaders at Annual D.C. Policy Conference

Tax Policy Trends and Plans for 2020 Were Focus for Lawmakers, Community Development Leaders at Annual D.C. Policy Conference

Coalition gathers NMTC stakeholders, releases state statistics. New Markets Tax Credit extension legislation, tax policy trends and plans for 2020 ...
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Multitude of Organizations Urge Congress to Save Soon-to-Expire NMTC

Multitude of Organizations Urge Congress to Save Soon-to-Expire NMTC

Nearly 1,000 businesses, investors and organizations call on Congress to expand and make the community and economic development tax credit ...
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NMTC: Unprecedented Economic Development Tool for  Low-Income Communities Hangs in the Balance

NMTC: Unprecedented Economic Development Tool for Low-Income Communities Hangs in the Balance

Guest post by Kermit Billups, Greenline Ventures. The New Markets Tax Credit (NMTC) is one of the most efficient communityeconomic ...
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NMTC Coalition Releases 2019 NMTC Progress Report

NMTC Coalition Releases 2019 NMTC Progress Report

The 15th edition of the NMTC Progress Report shows the NMTC continues to grow businesses and create jobs in rural ...
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Treasury’s CDFI Fund Announces 2018 NMTC Awards

Treasury’s CDFI Fund Announces 2018 NMTC Awards

The U.S. Department of the Treasurys CDFI Fund announced the Calendar Year 2018 New Markets Tax Credit (NMTC) allocation awardstoday ...
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