New Markets Tax Credit Tag Archives

House Tax Reform Bill Eliminates HTC, NMTC; Eliminates Private Activity Bonds

The House Ways and Means Committee has released the full text of its Tax Cuts and Jobs Act. The Committee plans to begin markup on the proposed legislation on November 6, with plans for a House floor vote sometime in mid-November. Several changes within the code would drastically change the landscape of affordable housing and community development.

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New Community Investment Explorer Tool Explores Impact of LIHTC & NMTC

The Federal Reserve Bank of St. Louis recently launched a new interactive tool, Community Investment Explorer (CIE). CIE aggregates customizable data from the CDFI Program, New Markets Tax Credit Program (NMTC Program) and Low-Income Housing Tax Credit (LIHTC) Program to show geographic comparisons and trends over time. CIE draws on publicly available data from over 500,000 community development transactions. Collectively, these programs are responsible for several billion dollars of investment into low- and moderate-income communities each year and support a range of activities, including affordable housing, commercial real estate development, consumer and business lending, and more.  Click here to learn more.