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 development tools for low-income communities that I have encounteredi
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 and urban communities left outside the economic mainstream.
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. The CDFI Fund awarded$3.5 billion to 73 Community Development Enti
NMTC Program Paves Way for Expansion of Investing in Rural America
NMTC Coalition Executive Committee member Kevin Goldsmith has a piece in the latest issue of the Novogradac Journal of Tax Credits on the NMTC’s growing presence in rural communities:
The N
New Markets Tax Credit Coalition Hosts April 2019 Fly-in, Congressional Briefing
Yesterday, on April 9th, the nation’s leading community development entities met with nearly one hundred Members of Congress and their staffs to discuss the advancement of
House and Senate Members Move to Make New Markets Tax Credit Permanent
Bipartisan NMTC extension legislation introduced in Hosue and Senate