Recent News

Monday, February 10, 2020

The White House today released its proposed $4.8 trillion budget for fiscal year (FY) 2021 that includes an $8.6 billion (15 percent) decrease in funding for the U.S. Department of Housing and Urban Development (HUD), with the elimination of the Community Development Block Grant and HOME Investments Partnership programs.

Wednesday, January 29, 2020

House Appropriations Committee Chairwoman Nita Lowey, D-N.Y., yesterday introduced an emergency supplemental appropriations bill to provide assistance to Puerto Rico after recent earthquakes. The Emergency Supplemental Appropriations for Disaster Relief and Puerto Rico Disaster Tax Relief Act of 2020 (H.R.

Wednesday, January 29, 2020

House Ways and Means Democrats today released a five-year, $760 billion infrastructure framework. The Moving Forward Framework would expand existing infrastructure tax credits and create new credits to improve infrastructure investment, including investments driven by the new markets tax credit, low-income housing tax credit and historic rehabilitation tax credit. The Ways and Means Committee has a scheduled hearing today at 1:30 p.m.

Tuesday, January 28, 2020

A report by the Joint Committee on Taxation discusses the ability to use private activity bonds (PABs), new markets tax credits (NMTCs) and the opportunity zones incentive to fund infrastructure projects.

Friday, January 24, 2020

To be eligible for the new round of allocation authority, community development entities (CDEs) that received prior allocations of new markets tax credits must submit their qualified equity investments (QEIs) to the Community Development Financial Institutions (CDFI) Fund by the end of day Jan.

NMTC Working Group
icon nmtc working group
Participate in the discussion on the latest NMTC trends and issues.
NMTC Special Report
product special report nmtc outperforms - highlight block
NMTC Program Outperforms Comparable Cash Grant Program
NMTC Mapping Tool
icon map
Find NMTC properties by zip code, census tract, and more.