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 today that will spur investment and economic gro
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 awards today. The CDFI Fund awarded $3.5 billion
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 released its  2020 New Markets Tax Credit (NMTC) Progress Report
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 credit assisting communities hardest hit by COVID-19WASHINGTON, J
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 , H.R. 1865, which will signed into law today by President Tr
$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