New Markets Tax Credit (NMTC)

CDFI Fund launched the next version of its CDFI Information Mapping System (CIMS3).

All conference materials, PowerPoint presentations, relevant articles, reports, memos, etc. from the 2013 Fall Forum are available below under the relevant session titles. Click below to learn more about the topics that were covered at the meeting!

The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced Wednesday $3.5 billion in New Markets Tax Credit (NMTC) awards nationwide. Treasury will provide 85 organizations with tax credit allocation authority under the tenth award round of the NMTC Program.

The U.S. Senate and House of Representatives Appropriations Committees have both approved the T-HUD Subcommittee versions of the fiscal year (FY) 2014 Transportation, Housing and Urban Development (T-HUD) and FY 2014 Agriculture and Rural Development funding bills.

The Community Development Financial Institutions (CDFI) Fund today invited public comment concerning the annual Community Investment Impact System (Annual CIIS Report) required from Community Development Financial Institutions (CDFIs) and Community Development Entities (CDEs) participating in CDFI Fund programs including the New Markets Tax Credit (NMTC) program.

The Community Development Financial Institutions Fund (CDFI Fund) recently released the Notice of Allocation Availability (NOAA), which officially opens the 2013 round of competition under the New Markets Tax Credit Program (NMTC Program). Other updates include the release of the electronic application and revisions to the Application Q&A.

The U.S. Department of Treasury’s updated 2013-2014 Priority Guidance Plan contains 324 projects that are priorities for allocation of the resources of its offices during the plan year which runs from July 2013 through June 2014.

On Tuesday, August 6, President Obama delivered a speech in Phoenix, Arizona detailing his plan for promoting a strong and stable housing market. The speech addressed several core principles but mainly focused on balancing housing policy to support both sustainable homeownership options and affordable rental opportunities.

NH&RA was please to welcome over 100 participants at the 2013 Summer Institute. All conference materials, Power Point presentations, relevant articles, reports, memos, etc. are available for download.

The Community Development Financial Institutions (CDFI) Fund recently released updated data on New Markets Tax Credit (NMTC) projects

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund recently released the Notice of Guarantee Authority (NOGA) opening the FY 2013 application period for the CDFI Bond Guarantee Program.

Senators Roy Blunt (R-MO) and Jay Rockefeller (D-WV) recently introduced a measure to make permanent the New Markets Tax Credit (NMTC) program. The NMTC program was recently extended in the fiscal cliff deal but is set to expire at the end of 2013.