The CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2019 Calendar Year (CY) round of the New Markets Tax Credit (NMTC) Program. Up to $3.5 billion in tax credit allocation authority is available in the 2019 round.
Opportunity Finance Network (OFN) held its Midwest Regional Meeting in Kansas City, Missouri, on August 27 at the Federal Reserve Bank of Kansas City. With nearly 60 practitioners in attendance, the meeting kicked off with a welcome from Jackson Windett of the Federal Reserve Bank.
OFN and Mary Reynolds Babcock Foundation have released the 2018 Uplift America Fund Progress Report, which documents successes and lessons learned in the second year of the fund. OFN recently assumed the role of coordinating partner, helping the Mary Reynolds Babcock Foundation shepherd forward the program’s learnings, communications, and other efforts