New Markets Tax Credit (NMTC)

congress-capitol

House Subcommittees Hold Joint Hearing on New Markets Tax Credit Program

Leaders of the House Ways and Means Subcommittee on Select Revenue Measures and the House Financial Services Subcommittee on Domestic Monetary Policy and Technology held a joint hearing yesterday to receive testimony from key government officials and industry leaders with regards to a recent report published by the Government Accountability Office (GAO), which states that minority-based Community Development Entities (CDE) are less likely to be successful in obtaining funding allocations under the New Markets Tax Credit Program.

NH&RA News

GAO Report: Minorities Less Likely to Receive NMTC Allocation

According to a report released recently by the Government Accountability Office (GAO), minority-based Community Development Entities (CDE) were less successful in obtaining federal New Markets Tax Credit (NMTC) allocations from 2005 through 2008.

NH&RA News

House Approves National Consumer Cooperative Bank for CDFI Funding

The U.S. House of Representatives has passed H.R. 1674, which establishes the National Consumer Cooperative Bank as a certified Community Development Financial Institution (CDFI).

NH&RA News

IRS Soliciting Comments on NMTC Equity Form

The Internal Revenue Service is soliciting comments by August 10 on IRS Form 8874, which is completed and submitted by investors to report equity investments made in community development entities (CDEs) under the federal new markets tax credit (NMTC) program.

NH&RA News

Comments Soliciting on NMTC Equity Form

The Internal Revenue Service is soliciting comments by August 10 on IRS Form 8874, which is completed and submitted by investors to report equity investments made in community development entities (CDEs) under the federal new markets tax credit program.

NH&RA News

Deadline Approaching for NMTC Program QEI Reports

Applicants for an allocation of funds under the 2009 New Markets Tax Credit (NMTC) Program round are reminded that the qualified equity investments (QEI) issuance reporting deadline is approaching on Wednesday, June 17.

NH&RA News

CDFI Fund Reports on 2009 Application Round

The Community Development Financial Institutions (CDFI) Fund recently announced that it had received a total of 249 applications for New Markets Tax Credits (NMTC) under the 2009 funding round.

NH&RA News

CDFI Fund Seeks Comments CDE Certification Application

The CDFI Fund is inviting general comments concerning the “New Markets Tax Credit (NMTC) Program-Community Development Entity (CDE) Certification Application.”

NH&RA News

CDFI Fund Releases New Compliance FAQ Document for New Markets Program

The Community Development Financial Institutions (CDFI) Fund has issued a new document listing and answered frequently asked questions on compliance issues under the federal new markets tax credit program.

congress-capitol

NH&RA Urges Congress To Action On Critical New Markets Tax Credit Fix

NH&RA is urging Congress to take action to make a critical technical change to the New Markets Tax Credit Program, making it easier to use the subsidy on projects involving multiple buildings.

NH&RA News

JUST UPDATED! Order Your NH&RA Green & Sustainable Development Resource CD-ROM Today!

NH&RA has recently updated its Digital Green & Sustainable Development Resource CD-ROM to include additional recordings and digital resources. This CD-ROM includes select session recordings and supporting materials including PowerPoint Presentations and Conference Book, digital copies of recent issues of Tax Credit Advisor (TCA) focusing on Green Design & Development (April 2008 & 2009) and Renewable Energy Incentives (August 2008), databases summarizing local, state & federal Green Incentives and QAP Requirements and more…

NH&RA News

CDFI Fund to Hold Informational Conference Calls on CDFI Certification

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will conduct a series of conference calls regarding certification of community development financial institutions (CDFIs).

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