The U.S. Department of the Treasury's Community Development Financial Institutions Fund released data collected on projects financed in low-income communities across the nation through 2010. The CDFI Fund requires all Community Development Entities awarded New Markets Tax Credit allocations to submit an annual report detailing how they invested Qualified Equity Investment proceeds in low-income communities.
The once-grand former headquarters of the Studebaker Corp. automobile empire is being stripped down to its original walls and floors, in preparation for future reuse.
The New Markets Tax Credit Extension Act of 2011 was introduced on July 26, 2011 by Pennsylvania Congressman Jim Gerlach along with five co-sponsors.
The New Markets Tax Credit Extension Act of 2011 (S. 966) was introduced on May 11 by a bi-partisan group of Senators led by Senators Jay Rockefeller (D, WVA) and Olympia Snowe (R, ME). The bill is also supported by Sens. Bingaman (D, NM), Brown (R,MA), Kerry (D,MA), Leahy (D,VT) and Schumer (D,NY).
We are pleased to announce that DV Community Investment received its first New Markets Tax Credit allocation in the amount of $35,000,000 during the 2010 Round of NMTC program funding.
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released today its 2011 Notice of Allocation Availability (NOAA) which officially opens the 2011 round of competition for $3.5 billion in tax credits under the New Markets Tax Credit Program (NMTC Program).
CDFI Fund Director Donna Gambrell to Announce $3.5 Billion in National Awards for Economic Development and Community Revitalization - Thursday, February 24th 11am ET.
February 21, 2012 - The ninth round of New Markets Tax Credit (NMTC) Program Awards will be announced by Deputy Treasury Secretary Neal Wolin, along with Louisiana's U.S. Senator Mary Landrieu and Representative Cedric Richmond at on Thursday, February 23, 2012 2 p.m. CT. Five Louisiana institutions will receive New Markets Tax Credit allocations to invest in local development projects.