Opportunity finance news, stories, and voices

 

News

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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Jennifer A. Vasiloff / May 28, 2019 / Policy

On May 23, the Community Development Financial Institutions Fund (CDFI Fund) allocated $3.5 billion in New Market Tax Credits to 73 community development entities (CDEs) through the ...

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Dafina Williams / January 30, 2019 / Policy

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...

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