NMTC Working Group
@NMTCWG
Followers
36
Following
251
Media
25
Statuses
73
Working to resolve regulatory and administrative issues to make the NMTC even more efficient in delivering benefits to qualified businesses.
Joined July 2024
This is important because the @CDFIFund had to reopen CDE applications before they can open the CY 2026 $5B round. We will be monitoring other developments that may impact the timing of the $10B #NMTC double round award announcements and opening of the CY 2026 $5B round.
0
1
1
Senate passes One Big Beautiful Bill and sends it back to the House, #NMTC permanence included The bill now returns to the House where there will be pressure to pass the Senate version and get it to the President’s desk by July 4th. We'll continue to monitor and share updates.
0
1
2
Senate Finance Committee Portion of Reconciliation Bill Includes Permanence for NMTC, OZs; Permanent Expansion of LIHTCs; Retains House RETC Provisions with Longer Runways https://t.co/6jFKt76R05
0
7
7
More support in recognition of all the good work @CDFIFund does! Check out the article @bradelphick recently wrote, highlighting What We Know, What We Don't Know, and What We Expect. We also provide updates to members on our monthly calls. #NMTC
https://t.co/Y2UpNaaOZD
novoco.com
Demand for the $10 billion new markets tax credit (NMTC) calendar year 2024-2025 allocation authority round has been announced and the awards remain on track to be announced this fall.
House Democrats’ Letter Encourages Treasury Secretary to Exempt CDFI Fund from Executive Order https://t.co/CVlfyNvqw8
0
2
2
“On an ongoing basis, Treasury will evaluate the @CDFIFund to identify opportunities for improvement and enhance efficiencies.” We are encouraged by the response but will continue to monitor for impacts future efficiency efforts may have on the #NMTC application process.
0
0
1
Mississippi Governor Signs Bill Extending Deadline, Increasing Cap for State NMTC https://t.co/iXMnyKVqF4
0
3
3
Today, the @CDFIFund announced they received 216 #NMTC applications for the CY 2024-2025 round, the most since 2017. Applicants requested a total of $19.2 billion, nearly double the $10 billion available. This is the most requested since the 2014 round. https://t.co/bkojyT0IEN
0
1
2
Great article highlighting how #NMTCs and #OZs are complementary. “The combination is a powerful tool for using tax incentives to finance the development of businesses and nonresidential properties in low-income communities.”
It's possible to "twin" the NMTC and OZ incentives on one property, but there are considerations. Here's a look at structuring, potential investors and more: https://t.co/qBHxEdREyi
0
3
4
Learn more about the recently reintroduced New Markets Extension Act of 2025 in this Notes from Novogradac blog https://t.co/kMHXXpVLap
0
4
3
Have you used the new features on our NMTC Mapping Tool? The new deep distress and high migration rural criteria added in the most recent #NMTC application are shaded purple on our map. You can select New Map to show only tracts that meet these criteria. https://t.co/VqebvVqXE4
0
2
1
Nominations are also open for the 2025 Robert E. Ibanez Award for Outstanding Achievement in Community Development. Bob was a dear friend and colleague, and we are excited to present the 2nd annual award in his honor. Please submit your nominations now!
Now that #NMTC applications are in, it's time to nominate a project you funded since March 4, 2024, for the **Community Development QLICI of the Year Award**! 🏆 Deadline: March 5. Highlight your impactful projects and submit your nomination today! 👉
0
2
2
Now that #NMTC applications are in, it's time to nominate a project you funded since March 4, 2024, for the **Community Development QLICI of the Year Award**! 🏆 Deadline: March 5. Highlight your impactful projects and submit your nomination today! 👉
🌟 The Novogradac 2025 Journal of Tax Credits Awards nomination round is officially open! If you know of a development that stands out, nominate it today! The deadline is March 5, so don't wait. Learn more: https://t.co/gRsjzkdTyY
0
0
1
This is great news! After 25 years, it's time to make #NMTCs permanent! Thank you @claudiatenney, @RepTerriSewell, @SteveDaines, and @MarkWarner for your leadership. We will be discussing this and other important updates at our next meeting.
0
0
2
Novogradac's @bradelphick reviews 2024 and previews 2025 for the @NMTCWG, including the upcoming double allocation round, regulatory guidance and an update to the NMTC mapping tool. https://t.co/fewxOWkFX8
0
1
3
Trump to Nominate Pettit as Assistant Secretary for Financial Institutions at Treasury https://t.co/ByCURo5jYV
0
2
2
A must have for everyone involved with #NMTCs! Whether you have an old copy or not, the updates are worth it alone. Members, be on the lookout for your special offer! Another benefit to being part of our group! Join now to get the special offer:
novoco.com
Gain access to the most current information and guidance from the Community Development Financial Institutions Fund, Internal Revenue Service and others in our updated 2025 Novogradac New Markets Tax Credit Handbook. Learn more: https://t.co/E9YTb9pa2u
0
2
1
A recent Novogradac NMTC conference panel provided a wide-ranging view of the CY 2024-2025 NMTC round, changes in this year’s application and the compliance FAQ document. Learn more https://t.co/KGq49hssa2
0
2
2