NMTC in the News

Below, find recent stories related to the New Markets Tax Credit.

Today, Deputy Secretary of the Treasury Wally Adeyemo toured the RYSE Center, a youth center and climate resilience hub with solar and battery technology in northern California to highlight how the Inflation Reduction Act incentivizes clean energy investment in underserved communities.

Richmond, CA

Learn the fundamentals of the New Markets Tax Credit incentive, including the background and context, roles of significant players, and typical transaction structures. With a focus on understanding the common and unique goals of Community Development Entities, course participants will leave understanding what type of project is ideal for NMTC. Course leaders each come from a different background in the NMTC industry, and their diverse perspectives offer additional insight into explaining the overall NMTC landscape. As part one in a four-part series, the fundamental topics discussed in this course will be vital to prepare participants for future courses.
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible areas.