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.

NH&RA News

Essential Event for NMTC Professionals – NMTC Announces Donna Gambrell as Keynote Speaker

NH&RA is pleased to announce that CDFI Fund Director Donna J. Gambrell will deliver the Keynote Address at NH&RA’s Winter New Markets Tax Credit Symposium, March 10 at the Ritz-Carlton South Beach, Miami Beach, Florida.

congress-capitol

Affordable Housing Debt Update

While tax credit equity remains the biggest industry concern, debt financing is also elusive for many developers. 2010 promises to be a challenging year–originations are down, underwriting standards are only becoming stricter and, with then end of the TCAP program and declining state budgets, gap financing will become even more difficult to obtain. NH&RA can help!

NH&RA News

CDFI Fund Releases Failed NMTC Applicant Materials

The Community Development Financial Institutions (CDFI) Fund recently released debriefing materials for Community Development Entities (CDEs) that applied for but did not receive an allocation of New Markets Tax Credits (NMTC) during the most recent funding round.

NH&RA News

CDFI Fund Discusses Estimated Timeline for NMTC Program

During its November 16 meeting, the CDFI Fund’s Advisory Board discussed current estimated timelines for program awards and announcements.

NH&RA News

Senate Committee Discusses Tax Incentives

Top members of the United States Senate Committee on Small Business and Entrepreneurship recently hosted a roundtable discussion on the 2009 expiring federal tax provisions that have been critical to small business growth and stability.

NH&RA News

CDFIs Make Recommendations to Treasury

On November 18, the Department of Treasury and Small Business Administration jointly hosted a forum on small business financing.

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.

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.

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