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U.S. Treasury Community Development Entities

Holland & Hart LLP

Promises Delivered: CDFI Fund Announces $5 Billion in New Market Tax Credits

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On September 1, 2021, at a time when America’s underserved and distressed communities need financial investment the most, the U.S. Department of Treasury through its Community Development Financial Institution Fund announced...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

Butler Snow LLP

CDFI Fund Announces $3.5 Billion in New Market Tax Credits

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On May 23, 2019, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 Community Development Entities (CDEs) $3.5 billion in New Markets Tax Credit (NMTC) allocation...more

Holland & Knight LLP

Tax Reform's New Incentives for Investments in Low-Income Communities: Part 2

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• Part 1 of this series of Holland & Knight alerts described a new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones." Part 1 also explained the...more

McDermott Will & Emery

CDFI Fund Announces $7 Billion Allocation of New Markets Tax Credits

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In Depth - On November 17, 2016, the US Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced the largest single round award of New Market Tax Credit (NMTC) allocations...more

Ballard Spahr LLP

Treasury Releases White Paper on Online Marketplace Lending

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The U.S. Treasury Department has released a white paper addressing the online marketplace lending industry. Based in part on the responses to Treasury's July 2015 Request for Information (RFI), the white paper offers a broad...more

Blank Rome LLP

New Markets Tax Credits for Real Estate Development

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The new markets tax credit (‘‘NMTC’’) was added to the Internal Revenue Code as §45D2 by the Community Renewal Tax Relief Act of 2000.3 Initially the program was to provide allocations of the tax credit through 2007, but has...more

Ballard Spahr LLP

$3.5 billion New Market Tax Credit announcement

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On June 5, 2014, the U.S. Department of Treasury Community Development Financial Institution Fund (CDFI) announced that 87 Community Development Entities have been selected to receive $3.5 billion in New Market Tax Credit...more

Troutman Pepper

Treasury Announces New Markets Tax Credit Awards

Troutman Pepper on

The U.S. Treasury Department has announced its award of $3.5 billion of New Markets Tax Credit (NMTC) allocations to 87 Community Development Entities (CDEs) across the country. The allocations will generate $1.365 billion of...more

BakerHostetler

U.S. Treasury Awards $3.5 Billion in New Markets Tax Credit Allocations

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On April 24, 2013, the U.S. Department of the Treasury's Community Development Financial Institutions Fund (the CDFI Fund) announced the community development entities (CDEs) selected to receive the $3.5 billion in New...more

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