Advocacy and Comment Letters

Advocacy

NMTC Working Group Comment Letter to IRS about Notice 2023-36 Public Comment Invited on Recommendations for 2023-2024 Priority Guidance Plan
June 9, 2023

GAAP Accounting for Tax Credits Working Group Letter to FASB about Emerging Issues Task Force 21-A
March 23, 2022

NMTC Working Group Letter to CDFI Fund on CY 2021 Round
Oct. 4, 2021

NMTCC Letter to Representatives Neal and Brad of the Committee on Ways and Means
Aug. 25, 2021

American Bankers Association Letter in Support of the NMTC Extension Act
May 17, 2020

House Ways and Means Committee Letter Calling for Expanded NMTC Access for Native Communities
Sep. 29, 2020

NMTC Working Group Letter to IRS Offering Public Comment on Recommendations for 2020-2021 Priority Guidance Plan
July 22, 2020

Biden-Sanders Task Force Recommendations, Including Call for NMTC Expansion, Permanence
July 8, 2020

LIIF Policy Update: LIIF Shares Federal Policy Recommendations to Address Immediate COVID-19 Challenges
March 24, 2020

NMTC Working Group Letter to the IRS Requesting to Provide Guidance and Postpone Certain Deadlines for the New Markets Tax Credit Program due to the COVID-19 Pandemic
April 22, 2020

NMTC Working Group Letter to the CDFI Fund Requesting to Provide Guidance and Postpone Certain Deadlines for the New Markets Tax Credit Program due to the COVID-19 Pandemic
April 22, 2020

New Markets Tax Credit Coalition Response to Senate Finance Committee Task Force
New Markets Tax Credit Coalition, June 17, 2019

New Markets Tax Credit Working Group Letter to Employment and Community Development Task Force
New Markets Tax Credit Working Group June 17, 2019

Response to Request for Information from the Senate Finance Committee’s Employment and Community Development Task Force
Partnership for Job Creation, June 17, 2019

Stivers (R-OH) and Serrano (D-NY) Circulate Dear Colleague Letter Calling for NMTC Permanence in 2018
October 24, 2018

Allocation Agreement

NMTC Working Group Letter to CDFI Fund about the Timing and Process of Allocating Future NMTC Rounds
Feb. 3, 2022

NMTC Working Group Comments Regarding Section 9.13 of the Allocation Agreement
June 27, 2011

NH&RA Letter to Matt Josephs/CDFI Fund Regarding Related Party Equity Investments
October 2, 2009

Working Group Comments Regarding the NMTC Allocation Agreement
August 30, 2007

NMTC Working Group Letter to Matt Josephs/CDFI Fund Regarding the NMTC Draft Allocation Agreement
August 28, 2006

NMTC Working Group Letter to Matt Josephs/CDFI Fund Regarding the NMTC Allocation Agreement Q&A
July 31, 2006

Novogradac Company LLP Letter to Matt Josephs/CDFI Fund Regarding the 2005 Allocation Agreement
August 22, 2005

Industry Comments to the CDFI Fund on the Draft New Markets Tax Credit Program Allocation Agreement
March 10, 2003

Allocation Application

NMTC Working Group Letter to the CDFI Fund with Comments on the CY 2021 NMTC Allocation
March 1, 2020

NMTC Working Group Comments on the 2020 NMTC Program Application
Sep. 28, 2014

NMTC Working Group Comments on the 2014 NMTC Program Allocation Application
March 17, 2014

Working Group Letter to CDFI Fund Regarding the 2010 NMTC Allocation Application
October 25, 2010

Working Group Letter to CDFI Fund with Supplemental Comments on Targeted Populations and the 2009 NMTC Allocation Application
November 23, 2009

Working Group Letter to Matt Josephs at CDFI Fund Regarding the Final 2009 Allocation Application
October 12, 2009

Nancy Grandquist Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 7, 2009

Strategic Development Group Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 5, 2009

American Bankers Association Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Ariel Ventures, LLC Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Bank of America Merrill Lynch Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Clearinghouse CDFI Fund Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Coastal Enterprise, Inc. Capital Management Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Community Reinvestment Fund, USA Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Enterprise Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

IFF Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Massachusetts Housing Investment Corporation Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Opportunity Finance Network Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

U.S. Green Building Council Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 2, 2009

Woodstock Institute Letter to CDFI Fund Regarding the Final 2009 Allocation Application
October 1, 2009

National Trust Community Investment Corp Letter to CDFI Fund Regarding the Final 2009 Allocation Application
September 29, 2009

First Southern Capital Development Letter to CDFI Fund Regarding the Final 2009 Allocation Application
September 25, 2009

Dean Albert Cantalupo Letter to CDFI Fund Regarding the Final 2009 Allocation Application
September 19, 2009

David J. McGrady Letter to CDFI Fund Regarding the Final 2009 Allocation Application
September 3, 2009

New Markets Tax Credit Coalition Letter to CDFI Fund Director Donna Gambrell Regarding the NMTC Allocation Application
July 24, 2008

Working Group Letter to Matt Josephs at CDFI Fund Regarding the 2008 NMTC Allocation Application
February 8, 2008

Working Group Comments Regarding the 2007 NMTC Allocation Application
August 30, 2007

2007 NMTC Allocation Application with Comments
August 30, 2007

NMTC Working Group Comments Regarding the Draft 2007 NMTC Program Allocation Application
November 14, 2006

NMTC Working Group Additional Comment Letter concerning the New Markets Tax Credit (NMTC) Program Allocation Application
March 15, 2006

NMTC Working Group Comment Letter concerning the New Markets Tax Credit (NMTC) Program Allocation Application
February 27, 2006

Alternative Minimum Tax (AMT)

NMTC Coalition H.R. 4849 Comment Letter
March 16, 2010

CDFI Fund Notices

CDFI Fund Extends Application Deadline for FY 2020 CDFI Program and NACA Program Funding Round
April 9, 2020

CDFI Program Awardee and NMTC Allocatee Annual Report Supporting Statement
February 4, 2014

CDFI Fund Comment Request on Continuing Data Collection Through the Community Investment Impact System (CIIS) of Information From Program Awardees
August 27, 2013

Notice Inviting Comments Concerning Non-Metro QEI Allocations
May 22, 2007

Census Data

NMTC Working Group Letter to CDFI Fund About Recommendations for the Timing and Implementation of the 2016-2020 American Community Survey Datasets
May 30, 2023

NMTC Working Group Letter Regarding Census Data Implementation and Effects on NMTC Projects in Progress
January 5, 2012

Community Investment Impact System (CIIS)

Ariel Ventures, LLC Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

CDFI Coalition Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Common Capital comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Communicating Arts Credit Union comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Joyce Dillard Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Enterprise Community Investment, Inc. Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

National Federation of Community Development Credit Unions Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

National New Markets Fund Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

New Hampshire Community Loan Fund Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

New Markets Tax Credit Coalition Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

New Markets Tax Credit Working Group Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Opportunity Finance Network Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Self-Help Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Travois New Markets, LLC Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

Wisconsin Women’s Business Initiative Corporation Comment on CDFI Fund Request for Comment on Continuing Data Collection Through the CIIS of Information from Program Awardees
2013

NMTC Working Group Letter Regarding the Community Investment Impact System (CIIS)
January 3, 2008

Community Reinvestment Act (CRA)

NMTC Working Group Comment Letter on CRA Proposed Rulemaking Docket No. R-1723 and RIN 7100-AF94
February 16, 2021

NMTC Working Group Comment Letter on the Proposed Changes to the Interagency Q&A Regarding Community Reinvestment
November 10, 2014

Novogradac Company LLP Comment Letter Regarding CRA NMTC Regulations
October 16, 2001

Compliance and Monitoring FAQ

NMTC Working Group Comment Letter on Updated Compliance and Monitoring FAQ
August 11, 2009

NMTC Working Group Letter Regarding Comments & Recommendations on Compliance & Monitoring FAQ Dated November 2006
June 18, 2007

Converting the NMTC to a Cash Grant

NMTC Working Group Letter Regarding Recommendations Made in the March 2011 and January 2010 GAO Reports Regarding Converting the NMTC to a Cash Grant Program
April 5, 2011

Definition of Control

NMTC Working Group Letter Regarding the Definition of Control as it Relates to the Reasonable Expectations Test
August 20, 2010

Economic Stimulus

New Markets Tax Credit Coalition Proposal: ew Markets Tax Credits and Economic Recovery Legislation
October 27, 2008

Economic Substance Doctrine

NMTC Working Group Letter Requesting Guidance on Codification of the Economic Substance Doctrine and New Markets Tax Credits
October 15, 2010

NMTC Working Group Letter Requesting Guidance on Codification of the Economic Substance Doctrine
July 28, 2010

NMTC Coalition Letter to Acting Assistant Secretary for Tax Policy Michael Mundaca Regarding the Codification of the Economic Substance Doctrine and the NMTC
January 15, 2010

Effectiveness and Efficiency of the NMTC Program

NMTC Working Group Letter to the CDFI Fund Regarding Ways to Increase the Effectiveness and Efficiency of the NMTC Program
February 6, 2012

Community Reinvestment Fund Letter to the CDFI Fund Regarding Ways to Increase the Effectiveness and Efficiency of the NMTC Program
February 6, 2012

GAO Reports

GAO Letter to Treasury about Priority Open Recommendations
May 10, 2022

Letter from CDFI Fund Director Gambrell to GAO About Minority Entities' Participation in NMTC Program
April 23, 2009

Guidance Priority List

Historic Tax Credit Coalition Letter to IRS Regarding Notice 2014-18 - Public Comment Invited on Recommendations for 2014-2015 Guidance Priority List
June 12, 2014

NMTC Working Group Letter Regarding Notice 2013-22 Public Comment Invited on Recommendations for 2013-2014 Guidance Priority List
May 1, 2013

NMTC Working Group Letter: Notice 2012-25 Public Comment Invited on Recommendations for 2012-2013 Guidance Priority List
May 1, 2012

NMTC Working Group Letter: Notice 2011-39 Public Comment Invited on Recommendations for 2011-2012 Guidance Priority List
June 1, 2011

NMTC Working Group Letter Regarding Notice 2009-43 Public Comment Invited on Recommendations for 2009-2010 Guidance Priority List
May 31, 2009

NMTC Working Group Letter Regarding Notice 2008-47 Public Comment Invited on Recommendations for 2008-2009 Guidance Priority List
May 30, 2008

NMTC Working Group Letter Regarding Notice 2007-41 Public Comment Invited on Recommendations for 2007-2008 Guidance Priority List
May 31, 2007

NMTC Working Group Letter Regarding Notice 2006-36: Public Comment Invited on Recommendations for 2006-2007 Guidance Priority List
May 15, 2006

Guidance and Regulations Proposed in 2001

National Trust for Historic Preservation Letter on Proposed IRS Regulations on NMTC
February 27, 2002

Community Reinvestment Fund Letter on Proposed IRS Regulations on NMTC
February 25, 2002

National Association of Affordable Housing Lenders Letter on Proposed IRS Regulations on NMTC
February 25, 2002

New Markets Tax Credit Coalition Letter on Proposed IRS Regulations on NMTC
February 25, 2002

New Markets Tax Credit Coalition Letter on Proposed IRS Regulations on NMTC
February 25, 2002

Novogradac & Company LLP and Hunter Chase & Company Letter on Proposed IRS Regulations on NMTC
February 25, 2002

Novogradac & Company LLP and Hunter Chase & Company Letter on Proposed IRS Regulations on NMTC
February 25, 2002

U.S. Small Business Administration Letter on Proposed IRS Regulations on NMTC
February 25, 2002

NCB Development Corporation Letter on Proposed IRS Regulations on NMTC
February 21, 2002

New Markets Tax Credit Coalition Letter on Proposed IRS Regulations on NMTC
February 19, 2002

Thomas, Miller, Green & Associates Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
August 6, 2001

Bank of America Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 25, 2001

Local Initiatives Support Corp. Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

Rep. Paul E. Kanjorski (D-Pa.) Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

The Community Partners Financial Group Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

The Enterprise Foundation Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

Cleveland Development Advisors Inc. Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

Self Help Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

National Congress for Community Economic Development Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

Fannie Mae Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
July 2, 2001

California Coastal Rural Development Corp. Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

Community Builders, Inc. Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

Community Reinvestment Fund Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001   

Enterprise Foundation Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001  

Kanjorski, Paul E. Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001    

Local Initiatives Support Corporation Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001   

Massachusetts CDC Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

National Congress for Community Economic Dev. Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

Native American National Bank Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

New Markets Tax Credit Coalition Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001      

Policy Link Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001     

Self-Help Ventures Fund Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

The Community Partners, LLC Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001       

Thomas, Miller, Green & Associates, LLC Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001       

WS Housing & Economic Dev. Authority Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
July 2, 2001

Aquila Bancorporation, Inc. Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 30, 2001       

New Markets Group Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 29, 2001

National Association of Affordable Housing Lenders Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 29, 2001

Community Development Venture Capital Alliance Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 29, 2001

Community Development Bankers Association Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 29, 2001

Shorebank Corp. Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 29, 2001

Community Development Bankers Association Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001      

Community Development Venture Capital Alliance Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

Impact Community Capital, LLC Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

National Association of Affordable Housing Lenders Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

National Community Investment Fund Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

National Trust for Historic Preservation Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001       

Partners for the Common Good Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

Shorebank Corporation Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

National Community Investment Fund Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 29, 2001

Novogradac & Company, LLP Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 28, 2001

T. Fitzgerald & Associates Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 28, 2001

Illinois Facilities Fund Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 27, 2001

National Community Capital Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 27, 2001

Enterprise Corporation of the Delta Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 27, 2001

Enterprise Corporation of the Delta Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 27, 2001

East Coast Venture Capital Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 27, 2001

Enterprise Corporation of the Delta Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 27, 2001

Illinois Facilities Fund Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 27, 2001

Univ. Ventures, Inc. at Rutgers Business School Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 27, 2001

New Markets Tax Credit Coalition Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 26, 2001

Appalachian Regional Commission Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 26, 2001

Triad Capital Corporation Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 26, 2001

Banco de Desarrollo Economico Para Puerto Rico Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 25, 2001

PricewaterhouseCoopers Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
June 22, 2001

PricewaterhouseCoopers, LLP Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 22, 2001

American Bank Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
June 7, 2001

Diamond Ventures, LLC Letter on the New Markets Tax Credits Guidance Published in Federal Register May 1, 2001
April 23, 2001      

Novogradac & Company LLP Comment on Proposed Regulations (REG-119436-01) Regarding New Markets Tax Credit
March 26, 2001

Loss of Basis

NMTC Working Group Letter: QLICI - Loss of Basis Issue
May 18, 2010

Miscellaneous and Assorted Topics

Comments on the Allocatee (CDE) Transaction Level Report Data Point Guidance for AMIS
April 10, 2023

CMF Coalition: Administration Reform Public Comment Letter
November 4, 2022

GAO Letter to Treasury about Priority Open Recommendations
May 10, 2022

Press Release: Two New Reports Paint an Incomplete and Inaccurate Picture of the New Markets Tax Credit
August 11, 2014

Sen. Coburn's Response to GAO Reports: New Markets Tax Credit Reports Ignore Success
August 11, 2014

NMTC Working Group Letter Regarding Guidance under 4944 Treasury Regulation 53.4944-3 and on Program-Related Investments
November 14, 2011

NMTC Working Group Letter to Sens. Baucus and Grassley Seeking Clarification of the Integrated Unit Test
April 24, 2009

Rep. Bob Filner Letter to Treasury Secretary Henry M. Paulson, Jr.Regarding Census Tract Issue in San Diego
November 9, 2007

Ernst & Young Letter to Eric Solomon/IRS Regarding New Markets Tax Credit Investments and Profit Motivation
October 2, 2006

Eric Solomon Letter to Timothy Kenny, Executive Director of Nebraska Investment Finance Authority, Regarding Tax-Exempt Private Activity Bonds and the New Markets Tax Credit
March 14, 2006

Letter to Eric Solomon, Acting Assistant Secretary of the Treasury, and Paul F. Handleman, IRS Office of the Associate Chief Counsel, Regarding Final Regulations
November 23, 2005

Senate Letter of Support for $80 Million Fiscal Year 2006 Budget for CDFI Fund
April 27, 2005

Letter to Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy, Regarding Priority Items in NMTC Regulations
October 18, 2004

Novogradac Company LLP Comment Letter on Revised Temporary NMTC Regulations
May 10, 2004

NMTC Coalition Comment Letter on Revised Temporary NMTC Regulations
May 10, 2004

Letter to Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy, Regarding the NMTC Program
June 20, 2003

Letter to Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy, Regarding Unresolved NMTC Issues
May 16, 2003

Letter to Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy, Regarding Unresolved NMTC Issues
May 9, 2003

New Markets Tax Credit Coalition Letter to President Bush Requesting Additional Allocation of NMTCs Be Included in Economic Stimulus Package
December 13, 2002

General Accounting Office Letter to Congress: "New Markets Tax Credit: Status of Implementation and Issues Related to GAOs Mandated Reports"
December 6, 2002

New Markets Tax Credit Coalition Letter To the Treasury Dept. Requesting Guidance on NMTC Temporary Regulations (T.D. 8971)
August 8, 2002

New Markets Tax Credit Coalition Letter To the Treasury Dept. Requesting Guidance on NMTC Temporary Regulations (T.D. 8971)
June 11, 2002

NMTC Extension/Expansion

Turner-Fattah Sign on Letter to Extend the NMTC
June 26, 2015

Turner/Fattah Letter to the House Urging for the Extension of the NMTC
May 21, 2015

Turner/Fattah Letter to the House Urging for the Extension of the NMTC
June 20, 2014

Turner/Fattah Letter to the House Urging for the Extension of the NMTC
June 12, 2014

NMTC Coalition Letter to the House Urging for the Extension of the NMTC
March 6, 2014

NMTC Coalition Letter to the Senate Urging for the Extension of the NMTC
March 6, 2014

Support Letter for the Expansion and Permanent Extension of the NMTC
October 31, 2013

House Bipartisan Support Letter for the Expansion and Permanent Extension of the NMTC
September 26, 2013

New Markets Tax Credit Coalition Support Letter for the Increase and Permanent Extension of the NMTC
September 19, 2013

Support Investment in Low-Income and Rural Communities
June 20, 2013

NMTC Coalition Proposal for NMTC Extension and Additional Hurricane Sandy Allocation
November 30, 2012

Letter from Charter School Advocates to Committee on Ways and Means Urging New Markets Tax Credit Extension
November 12, 2012

Transcript of Congressman Neal's Remarks Calling for Congress to Reauthorize the New Markets Tax Credits Program
February 2, 2012

Transcript of Congressman Neal's Remarks Calling for Congress to Reauthorize the New Markets Tax Credits Program
December 15, 2011

Letter from Democratic Ohio Representatives in Support of Including New Markets Tax Credit Program Extension in Year-End Tax Bill
December 14, 2011

Letter from Sen. Mark Begich to Pres. Barack Obama in Support of Expanding the New Markets Tax Credit to Encourage Small Business Growth
September 2, 2011

NMTC Coalition Letter to Congress in Support of the New Markets Tax Credit Extension Act of 2009
October 2009

NMTC Coalition Letter to Assistant Secretary for Tax Policy Eric Solomon Urging Extension of the NMTC as Part of an Economic Stimulus Package
January 8, 2008

Multiple Senators Letter to Senate Finance Committee Chairman Baucus (D-MT) and Ranking Member Grassley (R-IA) in Support of Long Term NMTC Extension
October 17, 2007

List of Senators who signed Letter to Senate Finance Committee Chairman Baucus and Ranking Member Grassley in Support of Long-Term NMTC Extension
October 17, 2007

Letter to Urge Support for NMTC Extension in the House of Representatives from Representatives Richard Neal (D-MA) and Ron Lewis (R-KY)
May 17, 2007

Letter to Urge Support for NMTC Extension in the Senate from Senators John Rockefeller (D-WV) and Olympia Snowe (R-ME)
May 17, 2007

Art Garcia Letter to Alliance for Economic Development in Response to Inquiry Regarding Extension of the NMTC Program
November 21, 2006

Alliance for Economic Development Letter to Treasury Secretary Paulson Encouraging Extension for the NMTC Program
October 31, 2006

Art Garcia Letter to NMTC Coalition in Response to Inquiry Regarding Extension of the NMTC Program
October 24, 2006

NMTC Coalition Letter to Treasury Secretary Paulson Calling for Five-Year Extension of the NMTC Program
October 12, 2006

NMTC Coalition Letter to Tax Reconciliation Conference Committee Urging the Extension of the New Markets Tax Credit
January 31, 2006

Eric Solomon Letter to Robert Rapoza/NMTC Coalition Regarding Administration Support for Reauthorization of the NMTC Program
November 2, 2005

Non Real-Estate Investments

NMTC Working Group Letter Regarding Advance Notice of Proposed Rulemaking Proposed Changes to Facilitate and Encourage Investments in Non-Real Estate Businesses in Low-Income Communities
September 8, 2011

NMTC Working Group Letter Regarding Notice of Proposed Rulemaking Proposed Changes to Facilitate and Encourage Investments in Non-Real Estate Businesses in Low-Income Communities
September 8, 2011

NMTC Coalition Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

Attached NMTC Coalition Submission: Board of Directors for NMTC Coalition in in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

Kerwin Tesdell, Community Development Venture Capital Alliance, Outline of Topics to be Discussed at Public Hearing
September 8, 2011

Opportunity Finance Network Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

Cohen & Company, Ltd and Ariel Ventures, LLC (Cohen-Ariel) Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments and Outline of Topics
September 8, 2011

Rockland Trust Submission: December 4, 2009 Letter to Secretary Tim Geithner Regarding NMTC Investments in Non-Real Estate Businesses
September 8, 2011

Joyce Dillard Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

Christopher B. Sims Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

Kestrel Brunswick Corporation Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

National Association of Small Business Investment Companies (NASBIC) Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 8, 2011

Community Development Venture Capital Alliance (CDVCA) Comment in Response to the Advance Notice of Proposed Rulemaking
September 6, 2011

IFF Comment in Response to the Advance Notice of Proposed Rulemaking
September 6, 2011

Opportunity Finance Network Comment in Response to the Advance Notice of Proposed Rulemaking
September 6, 2011

Joyce Dillard Comment in Response to the Advance Notice of Proposed Rulemaking
September 6, 2011

Community Reinvestment Fund (CRF) Comment in Response to the Advance Notice of Proposed Rulemaking
September 2, 2011

Community Reinvestment Fund (CRF) Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 2, 2011

Glacier Venture Fund Limited Partnership and Frontier Angel Fund Comment in Response to the Notice of Proposed Rulemaking Concerning New Markets Tax Credit Non-Real Estate Investments
September 2, 2011

Attached NMTC Coalition Submission: March 23, 2010 Letter to Acting Assistant Secretary for Tax Policy Michael Mundaca Regarding Operating Business Safe Harbor
March 23, 2010

Non-Metro QEI Allocations

Sens. Baucus, Grassley Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
August 2, 2007

Delta Trust Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 16, 2007

Bank of America Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Coastal Enterprises Inc. Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Central Bank of Kansas City Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Enterprise Corporation of the Delta Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Impact Seven Inc. Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Mississippi Governor Haley Barbour Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

National Housing & Rehabilitation Association Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

NMTC Coalition Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

NMTC Working Group Letter Regarding Non-Metropolitan County QEI Allocations
July 6, 2007

Rural Opportunities Inc. Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Western Wisconsin Development Corporation Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Wisconsin Housing Ministry Partnership Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 6, 2007

Advantage Capital Partners Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 5, 2007

Alliance for Economic Development Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 5, 2007

Seastrunk Enterprise LLC Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 5, 2007

Community First Fund Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 3, 2007

Oak Hill Banks Community Development Corp. Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 3, 2007

Sen. Thad Cochran Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 3, 2007

Travois New Markets LLC Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 3, 2007

City of New Hampton (Iowa) Office of Economic Development Director Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 2, 2007

Iowa Association of Business and Industry Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 2, 2007

Security State Bank, John Rigler Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 2, 2007

Wasker, Dorr, Wimmer & Marcouiller PC Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
July 2, 2007

Appalachian Regional Commission Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 29, 2007

CAP Services Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 29, 2007

Community Vitality Center Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 28, 2007

Iowa State Bar Association Economic Development Committee Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 27, 2007

Iowa Business Growth Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 26, 2007

Security State Bank, Robert Rigler Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 25, 2007

REC Investments, Dakotas America LLC, Rural Development Partners, and National Tribal Development Association Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
June 20, 2007

Community Development Funding Inc. Letter to CDFI Fund in Response to Invitation to Comment on Non-Metro QEI Allocations
May 29, 2007

Other Resources

Tax Credit Support Letter for NMTCs and LIHTCs
July 26, 2013

QEI Issuance Requirements

NMTC Working Group Comment Letter Regarding QEI Issuance Requirements
November 25, 2008

Quarterly New Markets Report (QNMR)

NMTC Working Group Comment Letter Regarding the Quarterly New Markets Report
April 20, 2010

Enterprise Community Investment Inc. Comment Letter Regarding the Quarterly New Markets Report
April 20, 2010

Real Estate vs. Non-Real Estate

NMTC Working Group Letter Requesting Clarification Regarding Real Estate vs. Non-Real Estate Guidance
September 16, 2010

Redemption Regulations

NMTC Working Group Comment Letter regarding Redemption Regulations for the New Markets Tax Credit (NMTC) Program
April 24, 2006

Sample Redemption Language
April 24, 2006

Letter to Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy, Regarding "Redemption" of Qualified Equity Investments
November 23, 2004

Letter to Eric Solomon, Treasury Deputy Assistant Secretary for Tax Policy, Regarding Determination of Redemption of Principal
November 12, 2004

Joint Letter to IRS Requesting Guidance on Redemptions under Section 45D
June 30, 2004

Regulations Project

NMTC Working Group Letter Regarding New Markets Tax Credit Treasury Regulations Project Clarifications
March 13, 2009

Transcript of the Dec. 12, 2008, IRS Hearing on Proposed Regulations (REG-149404-07) Modifying New Markets Tax Credit
December 12, 2008

Kutak Rock Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
November 10, 2008

NMTC Coalition Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
November 10, 2008

NMTC Working Group Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
November 7, 2008

Reznick Group Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
November 6, 2008

Opportunity Finance Network Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
November 5, 2008

NMTC Coalition's Outline of Topics for IRS Hearing on December 12, 2008 Regarding New Markets Tax Credit Treasury Regulations Project
November 3, 2008

Bank of America Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
October 7, 2008

University of La Verne Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
September 22, 2008

Future Unlimited Law Comment Letter Regarding New Markets Tax Credit Treasury Regulations Project
September 5, 2008

NMTC Working Group New Markets Tax Credit Treasury Regulations Project Comment Letter
April 14, 2008

Reinvestment Regulations

NMTC Working Group Letter to Eric Solomon/IRS Regarding NMTC Reinvestment Regulations
July 31, 2006

Related Resources, Articles

Letter from House GOP Freshmen to Leadership Requesting Action on New Markets Tax Credit Extension
September 18, 2012

Letter from Sen. Blanche Lincoln to Sen. Harry Reid and Rep. Nancy Pelosi Urging Completion of negotiations on the American Workers, State and Business Relief Act
April 1, 2010

Section 4965 (exempt organizations prohibited tax shelter transactions)

Affordable Housing Tax Credit Coalition Comments Regarding regulations pertaining Section 4965
August 11, 2006

Statements, Letters, Testimony

NMTC Working Group Letter on the Proposed Implementation of the Volcker Rule
February 13, 2012

Targeted Populations

NMTC Working Group Targeted Populations Comment Letter
December 23, 2008

Ropes Gray Letter to Eric Solomon Acting Deputy Assistant Secretary for Tax Policy Regarding Targeted Populations Guidance Under Section 45D(e)(2)
February 28, 2006

NMTC Coalition Letter to Matt Josephs/CDFI Fund Regarding the Designation of Targeted Populations as Low-Income Communities
July 11, 2005

CDFI Coalition Letter to Matt Josephs/CDFI Fund Regarding the Designation of Targeted Populations as Low-Income Communities
July 8, 2005

Novogradac Company LLP Letter to Matt Josephs/CDFI Fund Regarding the Designation of Targeted Populations as Low-Income Communities
July 6, 2005

Attachment: Proposed Amendments to NMTC Regulations
July 6, 2005

Tax Reform

President Barack Obama's "A Better Bargain for the Middle Class: Housing" Plan
August 6, 2013

NMTC Working Group Letter to the Committee on Ways and Means on Real Estate Tax Reform (Real Estate Working Group)
April 15, 2013

NMTC Working Group Letter to the Committee on Ways and Means on Real Estate Tax Reform (Debt Equity and Capital Working Group)
April 15, 2013

NMTC Working Group Letter to the Committee on Ways and Means on Real Estate Tax Reform (Financial Services Working Group)
April 15, 2013

Testimony, Speakers, Articles

Remarks by Comptroller of the Currency Thomas J. Curry at the National Community Investment Fund Annual Development Banking Conference in Chicago
November 13, 2013

NMTC Working Group's Outline Topics for IRS Hearing on December 12, 2008 Regarding New Markets Tax Credit Treasury Regulations Project
November 3, 2008

Testimony of CDFI Fund Director Kimberly A. Reed before the House Subcommittee on Financial Services on Financial Services for Distressed Communities and the President's Fiscal Year 2008 Budget
March 1, 2007

Testimony of Rep. Steve Chabot, R-Ohio, Before the Subcommittee on Select Revenue Measures of the House Committee on Ways and Means
September 26, 2006

Treasury Secretary John Snow's Comments before the Senate Finance committee Hearing: The Future of the Gulf Coast: Using Tax Policy to Help Rebuild Businesses and Communities and Support Families after Disasters
October 6, 2005

Remarks by Arthur A. Garcia, Director of the Community Development Financial Institutions Fund, at Boston Federal Home Loan Banks New Markets Tax Credit Program Summit
September 30, 2005

Sen. Snowe Introductory Remarks on S. 1800, New Markets Tax Credit Reauthorization Act of 2005
September 29, 2005

Transcript of IRS Hearing on Temporary and Proposed NMTC Regulations
June 2, 2004

New Markets Tax Credit And Economic Substance Doctrine: Senate Floor Colloguy
May 11, 2004

Treasury Announces the Appointment of Art Garcia to Serve As Director of the Community Development Financial Institutions Fund
May 10, 2004

Assistant Treasury Secretary Abernathy Testimony On the FY 2005 Budget Request for the CDFI Fund
March 17, 2004

Assistant Treasury Secretary Abernathy Announcement of Owen M. Jones as Acting Director of CDFI Fund
February 25, 2004

Treasury Secretary Snow Announcement of Director Tony Brown's Departure from the CDFI Fund
February 17, 2004

Tony Brown's Remarks to the CDFI Coaltion's 2004 CDFI Institute
February 5, 2004

Tony Brown's Remarks to the New Markets Tax Credits Coalition
October 15, 2003

CDFI Fund Workshop Presentation
August 6, 2003

CDFI Fund Workshop Agenda
August 6, 2003

Tony Brown's Remarks at the New Markets Tax Credits Briefing
July 31, 2003

Testimony of Tony T. Brown, CDFI Fund Director at Hearing on FY 2004 Appropriations
February 27, 2003

IPED: New Markets Tax Credit
February 2003
Power Point Presentation By: Michael J. Novogradac, Novogradac & Company LLP & Herb Stevens, Nixon Peabody, LLP

Treasury Department's Detailed Description of President Bushs Dividend Exclusion Proposal from the Jobs and Growth Package
January 21, 2003

Bush Dividends Exclusion Proposal: Potential Adverse Effects on Real Estate Tax Credits
January 20, 2003
Michael J. Novogradac

Tony Brown Speech to the New Markets Tax Credit Coalition First Annual Conference
October 30, 2002

New Markets Program Offers Versatile New Tax Credit
August 2002
By Michael J. Novogradac, CPA, Scotsman Guide Commercial Lender

Cliff Kellogg's Keynote Address to Novogradac & Company LLP's New Markets Tax Credit Conference
June 7, 2002

Remarks by Tony Brown, CDFI Fund Director, to the Annual Conference of the Community Development Venture Capital Alliance
March 5, 2002

Bank Enterprise Awards and New Markets Tax Credits: Two Tools to Increase the Flow of Private Capital in Targeted Markets
2002
Community Developments

Urban Institute Report

NMTC Working Group Letter to the Urban Institute and the CDFI Fund Regarding the Urban Institute Report "Evaluating Community and Economic Development Programs: A Literature Review to Inform Evaluation of the New Markets Tax Credit Program"
May 9, 2011

Volcker Rule

NMTC Working Group Letter on the Implementation of the Prohibitions on Proprietary Trading and Certain Relationships with Hedge Funds and Private Equity Funds (The Volcker Rule)
November 5, 2010