New Markets Tax Credit (NMTC)

NH&RA News

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

General News

New OECD GMT Guidance for Community Development Tax Credits

In a new blog post, Brad Elphick and Peter Lawrence with Novogradac explain the recently released Organization of Economic Cooperation Development (OECD) guidance on the Global Minimum Tax (GMT).

General News

Accounting Standards Update Incents NMTCs, HTCs and RETCs

A blog post from Bad Elphick with Novogradac explains the recent Financial Accounting Standards Board (FASB) Accounting Standards update, which makes investing in New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs), Renewable Energy Tax Credits (RETCS) and any new tax credits created in the future more attractive to investors.

senate-seal

Senate Considers Nominations of NEC Chairman, HUD Assistant Secretaries

The Senate Committee on Banking, Housing and Urban Affairs held a nomination hearing for Dr. Jared Bernstein to be chairman of the Council of Economic Advisers and Solomon Greene to be an assistant secretary of Policy Development & Research at HUD and David Uejio to be assistant secretary for Fair Housing and Equal Opportunity at HUD.

house-of-representatives-seal

House Introduces New Markets Tax Credit Extension Act

Representatives Claudia Tenney (R-NY) and Terri Sewell (D-AL) introduced the New Markets Tax Credit Extension Act (H.R. 2539) in the U.S. House of Representatives.

Treasury

CDFI New Markets Tax Credit Program

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announces that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program).

General News

CDFI Fund Updates NMTC FAQs

The Community Development Financial Institutions Fund (CDFI Fund) posted an updated calendar year (CY) 2022 New Markets Tax Credit Program (NMTC Program) Allocation Application Frequently Asked Questions (FAQs) document.

General News

CDFI Fund Opens CY 2022 New Markets Tax Credit Application; Hosts Application Webinar Dec. 1

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2022 round of the New Markets Tax Credit (NMTC) Program.

Treasury

Application Demand for CY 2021 Round of the NMTC Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it received 199 applications under the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program).

General News

RFP for NMTC Program Native Initiative Due Nov. 19

The Community Development Financial Institutions Fund released a Request for Proposal related to a procurement that is part of a broader effort to increase New Markets Tax Credit investment in Federal Indian Reservations, Off-Reservation Trust Lands, Hawaiian Home Lands and Alaskan Native Village Statistical Areas.

General News

CDFI Fund Opens CY 2021 NMTC Allocation Round; Application Deadline Jan. 13, 2022

The Community Development Financial Institutions (CDFI) Fund released a notice of allocation availability (NOAA) for the $5 billion calendar year 2021 allocation round of the New Markets Tax Credit (NMTC) program, along with application materials and an updated application FAQ document.

Member News

NH&RA Members Among CDFI NMTC Awardees

The U.S. Department of the Treasury’s Community Development Financial Institution Fund (CDFI) announced $5 billion in New Market Tax Credits.

General News

Comments on NMTC Program Allocation Application Due March 1 

The Community Development Financial Institutions (CDFI) Fund is soliciting public comments on its calendar year (CY) 2021 New Markets Tax Credit (NMTC) Programs Allocation Application.

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