A recent Novogradac NMTC conference panel provided a wide-ranging view of the CY 2024-2025 NMTC round, changes in this year’s application and the compliance FAQ document. Learn more novogradac.com/4ab

A must have for everyone involved with #NMTCs! Whether you have an old copy or not, the updates are worth it alone. Members, be on the lookout for your special offer! Another benefit to being part of our group! Join now to get the special offer: novogradac.com/uhi

Novogradac's Brad Elphick reviews 2024 and previews 2025 for the NMTC Working Group, including the upcoming double allocation round, regulatory guidance and an update to the NMTC mapping tool. novogradac.com/yn5

Trump to Nominate Pettit as Assistant Secretary for Financial Institutions at Treasury novogradac.com/f47

When we did our poll in December, "196-215 applications submitted" won the most votes for the $10B 2024-2025 #NMTC round. As we await the announcement from the The CDFI Fund, do you think the actual number will be more or less than 215? Comment below with your guess!

This is great news! After 25 years, it's time to make #NMTCs permanent! Thank you Claudia Tenney, Rep. Terri A. Sewell, Steve Daines, and Mark Warner for your leadership. We will be discussing this and other important updates at our next meeting.

Now that #NMTC applications are in, it's time to nominate a project you funded since March 4, 2024, for the **Community Development QLICI of the Year Award**! 🏆 Deadline: March 5. Highlight your impactful projects and submit your nomination today! 👉 novogradac.com/kib

Nominations are also open for the 2025 Robert E. Ibanez Award for Outstanding Achievement in Community Development. Bob was a dear friend and colleague, and we are excited to present the 2nd annual award in his honor. Please submit your nominations now! novogradac.com/4im

Have you used the new features on our NMTC Mapping Tool? The new deep distress and high migration rural criteria added in the most recent #NMTC application are shaded purple on our map. You can select New Map to show only tracts that meet these criteria. novogradac.com/e7z

We couldn't agree more American Bankers Association! It's time to make #NMTCs permanent! bankingjournal.aba.com/2025/02/aba-ur…

Learn more about the recently reintroduced New Markets Extension Act of 2025 in this Notes from Novogradac blog novogradac.com/5ia

Great article highlighting how #NMTCs and #OZs are complementary. “The combination is a powerful tool for using tax incentives to finance the development of businesses and nonresidential properties in low-income communities.”

Today, the The CDFI Fund announced they received 216 #NMTC applications for the CY 2024-2025 round, the most since 2017. Applicants requested a total of $19.2 billion, nearly double the $10 billion available. This is the most requested since the 2014 round. novogradac.com/905

Mississippi Governor Signs Bill Extending Deadline, Increasing Cap for State NMTC novogradac.com/gmy

“On an ongoing basis, Treasury will evaluate the The CDFI Fund to identify opportunities for improvement and enhance efficiencies.” We are encouraged by the response but will continue to monitor for impacts future efficiency efforts may have on the #NMTC application process.

More support in recognition of all the good work The CDFI Fund does! Check out the article Brad Elphick recently wrote, highlighting What We Know, What We Don't Know, and What We Expect. We also provide updates to members on our monthly calls. #NMTC novoco.com/notes-from-nov…

Senate Finance Committee Portion of Reconciliation Bill Includes Permanence for NMTC, OZs; Permanent Expansion of LIHTCs; Retains House RETC Provisions with Longer Runways novogradac.com/d3ccf7

Senate passes One Big Beautiful Bill and sends it back to the House, #NMTC permanence included The bill now returns to the House where there will be pressure to pass the Senate version and get it to the President’s desk by July 4th. We'll continue to monitor and share updates.

Independence and #NMTC permanence! Happy 4th of July!! 🇺🇸🇺🇸🇺🇸

This is important because the The CDFI Fund had to reopen CDE applications before they can open the CY 2026 $5B round. We will be monitoring other developments that may impact the timing of the $10B #NMTC double round award announcements and opening of the CY 2026 $5B round.