Novogradac provides an overview of what could be expected for New Markets Tax Credit under H.R. 6627. With this "legislation introduced by two members of the House Ways and Means Committee, Reps.
Cinnaire, a non-profit CDFI that provides creative loans, investments and development services, recently provided an $11.5 million New Markets Tax Credit (NMTC) allocation to support the new construction of a 350,000 square foot, state-of-the-art manufacturing facility for EJ Group, Inc.
The U.S. Department of Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced that 73 community development entities throughout the nation will receive a total of $3.5 billion in New Market Tax Credit awards.
“All we want is a functional building to serve people—that’s it. It sounds so simple.