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THE BEST GUIDE TO THE NEW MARKETS TAX CREDIT PROGRAM - USDA RURAL

January 17, 2022


THE BEST GUIDE TO THE NEW MARKETS TAX CREDIT PROGRAM - USDA RURAL




New Markets Tax Credit Receives One-Year, $5 Billion Extension - Cabretta
Capital




Fascination About New Markets Tax Credits - Community First Fund1 billion in tax
credit allowance authority. The award recipients are headquartered in 34
different states and the District of Columbia. One-fifth (20%) of the
investments will be made in rural neighborhoods. Did you see this? is estimated
that these award receivers will make more than $1 billion in New Markets Tax
Credit investments in non-metropolitan counties.

Historically, NMTC Program awards have produced $8 of private investment for
every $1 invested by the federal government. Through the end of 2020, NMTC
Program award recipients deployed nearly $56 billion in investments in
low-income neighborhoods and services; with impacts such as the production or
retention of almost 871,000 tasks, and the building or rehabilitation of nearly
231.

2020 NMTC Program Award Resources The list of awards can be found in the Award
Book, in addition to other details about these awards, here. About the New
Markets Tax Credit Program The New Markets Tax Credit Program, developed by
Congress in December 2000, permits specific and corporate taxpayers to receive a
non-refundable tax credit against federal income taxes for making equity
financial investments in financial intermediaries known as Community Development
Entities (CDEs).



Wheels of economic development grind slowly for Natives in federal New Markets
Tax Credit program




Our New Markets Tax Credit Program - Civic Communities DiariesThe tax credit
provided to the investor amounts to 39% of the cost of the financial investment
and is claimed over a seven-year duration. The CDEs in turn utilize the capital
raised to make financial investments in low-income neighborhoods. CDEs should
use yearly to the CDFI Fund to compete for New Markets Tax Credit Program
allowance authority.








New Market Tax Credits Infographic - Dan McRae




This includes $3 billion in Recovery Act Awards and $1 billion of unique
allocation authority used for the healing and redevelopment of the Gulf
Opportunity Zone. For more information about the New Markets Tax Credit Program,
please view the program Truth Sheet or check out . About the CDFI Fund Given
that its development in 1994, the CDFI Fund has actually awarded more than $5.

In addition, the CDFI Fund has allocated $66 billion in tax credit allocation
authority to Community Development Entities through the New Markets Tax Credit
Program, and ensured bonds for over $1. 7 billion through the CDFI Bond
Guarantee Program. To find out more about the CDFI Fund and its programs, please
see the Fact Sheet or check out the CDFI Fund's website at www.






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