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U.S. Treasury NMTC

Butler Snow LLP

2020 NMTC Allocation Awards Announced

Butler Snow LLP on

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

McDermott Will & Emery

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

McDermott Will & Emery on

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

Blank Rome LLP

New Markets Tax Credits for Real Estate Development

Blank Rome LLP on

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

CDFI Fund announces New Markets Tax Credit Notice of Allocation Availability

Ballard Spahr LLP on

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (“CDFI Fund”) on August 5 released a Notice of Allocation Availability (“NOAA”) for its New Markets Tax Credit (“NMTC”) program in...more

Ballard Spahr LLP

$3.5 billion New Market Tax Credit announcement

Ballard Spahr LLP on

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

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