CDFI Fund Releases Report on NMTC Investments

Last week, the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund released a summary report and pubic data for the NMTC program through 2015. According to the report, over 68 percent of NMTC investments made through 2015 have been concentrated in single or mixed-use real estate, health care and social services, manufacturing and education. In addition, the data show that Community Development Entities (the organizations that receive and ultimately invest NMTC awards) go beyond the minimum statutory distress requirements of the NMTC program by committing to serve areas of higher need, and leverage the NMTC to offer financing with flexible or non-traditional rates and terms. This report from the CDFI Fund comes at the same time as leadership in Congress and the Administration propose a tax reform framework that is silent on the NMTC, leaving the program at risk for elimination.

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