Congress Extends New Market Tax Credit Program and New Reports Highlight Program’s Impacts
Just after the start of the new year President Obama signed the “fiscal cliff” legislation, which included an extension of the New Markets Tax Credit (NMTC) Program for 2012 and 2013. The bill gives the CDFI Fund tax allocation authority of $3.5 billion in each year. Currently, the CDFI Fund is reviewing applications submitted during […]