CDFI Leaders Testify at Senate Banking Hearing
On January 5, the Senate Banking, Housing and Urban Affairs Committee’s Subcommittee on Housing, Transportation, and Community Development held a hearing entitled,…
Blog
Tag: New Markets Tax Credits (NMTC)
$5 Billion in New Markets Tax Credit Allocations Announced
On September 1, the CDFI Fund announced $5 billion in New Markets Tax Credit (NMTC) allocations through the Calendar Year 2020 allocation…
President Biden Releases Infrastructure Plan
Last week President Biden laid out the framework for his $2.25 trillion infrastructure plan. The American Jobs Plan touches on a number of CDFI…
Historic Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief Bill
Updated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic…
$3.5 billion in New Markets Tax Credit Allocations Announced
On July 15, the CDFI Fund announced $3.5 billion in New Markets Tax Credit (NMTC) allocations through the 2019 allocation round to 76 community…
Congress Approves $262 Million for CDFI Fund and Extends New Markets Tax Credit
The House and Senate have reached a $1.4 trillion spending agreement for Fiscal Year 2020, with a record-setting appropriation of $262 million…
CDFI Fund Opens the 2019 round of New Markets Tax Credits
The CDFI Fund has released the Notice of Allocation Availability (NOAA) for the 2019 Calendar Year (CY) round of the New Markets…
OFN Testifies at Treasury Hearing on Opportunity Zone Regulations
The Department of the Treasury and the Internal Revenue Service (IRS) held a public hearing on the second round of Opportunity Zone…
House and Senate Begin Work on Extension of the New Markets Tax Credit
The authorization for the New Markets Tax Credit (NMTC) is set to expire at the end of 2019 and Congress has begun…