News
The CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2020 Calendar Year (CY) round of the New Markets Tax Credit (NMTC) Program. Up to $5 billion in tax credit allocation authority is available in the 2020 round, a more than 40 percent increase over last year....
On July 15, the CDFI Fund announced $3.5 billion in New Markets Tax Credit (NMTC) allocations through the 2019 allocation round to 76 community development entities (...
The authorization for the New Markets Tax Credit (NMTC) is set to expire at the end of 2019 and Congress has begun working on a plan for extending this valuable community development tool. The House and Senate are each pursuing their own paths to extend the NMTC.
Despite a challenging outlook for the FY 2020 budget and appropriations process, the 116th Congress brings opportunity to introduce CDFIs to newly elected Members of Congress and new leadership on key committees. In both the House and Senate, new leadership and members resulted in...