Possibility of Permanent Extension of New Markets Tax Credit Offers Great Opportunities

The NMTC is essential to many communities, including both urban and rural areas, that have been devastated by the pandemic’s impact.
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President’s FY 2018 Skinny Budget Cuts Community Development by 37 Percent

Our preliminary analysis of the president’s FY 2018 Skinny Budget suggests a cut of $4.31 billion or nearly 37 percent to community and regional development outlays (subfunctions 451 and 452 in the federal budget). Most noteworthy, the proposal would eliminate the Economic Development Administration, cut $210 million from the CDFI Fund by eliminating all grant
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The Road Ahead

Last week, Treasury Secretary Lew wrote to Congressional Leaders informing them that the federal government will reach its statutory debt limit no later than November 5. Lew’s Letter With the enactment of the Continuing Resolution (CR) on September 30th, Congress now has two deadlines to meet, and in Washington, deadlines are the leading driver of
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