NMTC Coalition, 700 Organizations Urge White House, Congressional Leadershipto Make NMTC Program Permanent
–News Direct–
Today, the New Markets Tax Credit (NMTC) Coalition, a national membership organization of Community Development Entities (CDEs) and investors organized to advocate on behalf of the NMTC, released a letter signed by nearly 700 community development stakeholders to President Biden and Members of Congress in support of enactment of a permanent extension to the NMTC in end of the year tax legislation. Despite its efficacy and importance for businesses and community development projects, the NMTC program expires in 2025.
Signatories on the letter include 275 community development organizations; 76 housing organizations; 140 nonprofits, shelters, schools, healthcare facilities, and community service providers; 166 businesses and community development-focused investors; and 31 stat...