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News

Congress Approves $262 Million for CDFI Fund and Extends New Markets Tax Credit
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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$3.5 Billion in New Markets Tax Credit Allocations Awarded
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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House Members Introduce Bipartisan Rural Jobs Zone Act
Dafina Williams / August 22, 2018 / Policy

Last month, Representatives Jason Smith (R-MO) and Terri Sewell (D-AL), introduced H.R.

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25 OFN Members Selected to Receive New Markets Tax Credits to Spur Economic Growth
Jennifer A. Vasiloff / February 13, 2018 / Newswire

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.

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Take Action Today to Preserve NMTC
Liz Lopez / November 8, 2017 / Policy

On November 2, the House Ways and Means Committee released H.R. 1, "Tax Cuts and Jobs Act." H.R.

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