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Tax Credits CDFI Fund

Holland & Knight LLP

The New Markets Tax Credit Program: An Underutilized Opportunity for Indian Country

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In existence since 2000, the federal New Markets Tax Credit (NMTC) incentive has provided gap financing and infusions of cash in economically distressed communities for more than two decades. However, the amount of NMTC funds...more

Butler Snow LLP

CDFI Fund Opens the CY2021 Round of New Markets Tax Credits

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On November 4, 2021, the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund (CDFI Fund) released the Notice of Allocation Availability for the calendar year (CY) 2021 round of the New...more

Butler Snow LLP

Twin to Win Part II – Project Example

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In Part I, we gave you a high-level overview of how New Markets Tax Credits (“NMTC”) and Historic Rehabilitation Tax Credits (“HTC”) can be combined to generate significant private capital for qualified historic projects...more

Butler Snow LLP

Twin to Win Part I – How Combining Certain Tax Credits Can Benefit Developers

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The act of combining (or “twinning”) tax credits, such as the New Markets Tax Credit (“NMTC”) and the Historic Rehabilitation Tax Credit (“HTC”), can offer developers an opportunity to bridge funding gaps and increase the...more

Butler Snow LLP

2020 NMTC Allocation Awards Announced

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Yesterday, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 100 Community Development Entities (CDEs) $5 billion in New Markets Tax Credit (NMTC) allocation...more

Baker Donelson

CDFI Allocates $3.5 Billion in 2012 NMTCs

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Recently, the Community Development Financial Institutions Fund (CDFI) announced its allocation of $3.5 billion in 2012 new market tax credits (NMTC) to 85 community development entities (CDEs) nationwide. In the next 10 – 12...more

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