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News

Mary Scott Hardwick / September 24, 2020 / Policy


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....

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/ July 15, 2020 / Policy

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 (...

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Mary Scott Hardwick / December 21, 2019 / Policy

The House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million for the CDFI Fund and an extension of the New Markets Tax Credit (NMTC) Program for one year with an increase in the allocation to $5 billion.

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Mary Scott Hardwick / September 4, 2019 / Policy

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.

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Mary Scott Hardwick / July 2, 2019 / Policy

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.

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