New Markets Tax Credit (NMTC)

NH&RA News

CDFI Fund Releases Public Comments on NMTC Program Application

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund has posted the comments submitted in response to its request for public comment related to the New Markets Tax Credit (NMTC) Program allocation application.

congress-capitol

Ernst & Young Issues Major Report On LIHTC Program

On behalf of Enterprise Community Partners, Inc. and Local Initiatives Support Corporation (LISC), the accounting firm Ernst & Young (E&Y) has conducted a major survey entitled “Low-Income Housing Tax Credit Investment Survey” to provide an understanding of the current market environment for the LIHTC as well as investor motivations and investor responses to potential legislative enhancements to the LIHTC Program.

NH&RA News

CDFI Fund Announces NMTC Awardees

The Community Development Financial Institutions (CDFI) Fund recently announced approximately $5 billion in funding to 90 organizations through the New Markets Tax Credit (NMTC) Program, including approximately $1.5 billion provided through the American Recovery and Reinvestment Act (ARRA).

NH&RA News

Treasury, CDFI Fund to Announce NMTC Awardees

U.S. Treasury Secretary Timothy Geithner will be joined by Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell to announce the 2009 New Markets Tax Credits (NMTC) Program awards on Friday, October 30 in Chicago.

NH&RA News

NMTC Steering Committee Submits Comments On Allocation Application

NH&RA’s NMTC Council’s Steering Committee responded to the Community Development Financial Institution (CDFI) Fund’s request for comments on its allocation application for the federal New Markets Tax Credit Program, in preparation for the 2010 funding round. The Council’s letter focused primarily on issues pertaining to Related Party Equity Investments.

Massachusetts

Early Registration Extended for ’09 Fall Developers Forum

NH&RA is pleased to announce that it has extended its early registration for the 2009 Fall Developers Forum, November 2-3, 2009 at the Taj Hotel in Boston. Register by Wednesday, September 30 and save $100 off your conference registration fee.

NH&RA News

CDFI Fund Requesting Comments on Material Events Form

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund is soliciting comments from the public with regards to the Certification of Material Events Form for Community Development Entities (CDE), Community Development Financial Institutions (CDFI) and New Markets Tax Credit (NMTC) program participants.

congress-capitol

NH&RA Offers NMTC Symposium Recordings

If you missed NH&RA’s 2009 New Markets Tax Credit Symposium, July 29 in Woodstock, Vermont, you can still purchase conference materials and audio recordings of the entire day!

congress-capitol

Senate Introduces NMTC Extension Legislation

Sen. Jay Rockefeller (D-W.V.) has introduced legislation (S. 1583) that would extend the New Markets Tax Credit for five years and provide $5 billion in annual NMTC allocation authority.

congress-capitol

’09 Summer Institute Videos & Audio Files Now Available

If you missed the 2009 Summer Institute in Woodstock, VT you can still purchase conference materials and video and/or audio recordings of select sessions.

NH&RA News

CDFI Fund Requests Public Comment on NMTC Application

The Community Development Financial Institutions (CDFI) Fund is currently soliciting public comments on the proposed New Markets Tax Credit Program (NMTC) Allocation Application.

congress-capitol

Summer Institute Recap

Thanks to everyone that made the 2009 Summer Institute a great success! We were blown away by all of the compliments about the quality of the program and networking. I especially want to thank all the great speakers! Its not every day that so many industry leaders and innovators can come together to share ideas and innovations. In such a tough business environment it was inspirational to see how our members are creating new opportunities to close transactions. If you didn’t make out to Vermont here are a few things that you missed…

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