Treasury: Education Freedom Tax Credit Guidance Previewed
The U.S. Department of the Treasury previewed forthcoming Treasury and IRS guidance for the implementation of the new federal scholarship tax credit enacted as part of the Working Families Tax Cuts. “Under President Trump’s leadership, we are taking a transformative step toward an education system that fits the student rather than the other way around,” said…
CDFI Fund: Special Topic Webinar on Updated NMTC TLR User Experience in AMIS Scheduled for May 28th
The CDFI Fund will host a specialized webinar focused on Transaction Level Report (TLR) reporting requirements and considerations related to the New Markets Tax Credit Program (NMTC Program). This webinar is intended to provide NMTC stakeholders with additional guidance and an opportunity to ask questions related to the updated user AMIS interface for NMTC TLR…
Treasury: New Guidance Unlocks Economic Opportunity for Overlooked Communities Through Updated Opportunity Zones
The Working Families Tax Cuts Boosts Opportunity Zone Tax Incentive, Driving More Capital to Communities Across America The U.S. Department of the Treasury and the Internal Revenue Service (IRS) released guidance for eligible communities across America to be designated as qualified opportunity zones (QOZs). Under President Trump’s Working Families Tax Cuts, the permanent renewal of the…
Federal Reserve: Governor Barr Delivers Speech on Developing Communities Through Public-Private Partnerships
Read the text of Governor Michael S. Barr’s speech on “Developing Communities Through Public-private Partnerships” at the 2026 National Community Investment Conference, Phoenix, Arizona Thank you for inviting me here today. Let me also thank those at all 12 of the Reserve Banks, the Board of Governors, and the staff at FedCommunities for their efforts…
ICBA: ICBA Urges Reform to Credit Union Tax Exemption
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the year’s first reported acquisition opens in a new tabof a tax-paying community bank by a tax-exempt credit union that has already acquired a community bank. “With tax-exempt credit unions continuing their troubling pace of acquiring tax-paying community banks into…
Treasury: Secretary Bessent Announces Launch of New Platform on Working Family Tax Cuts
Secretary Scott Bessent today announced the launch of Treasury’s Working Family Tax Cuts: Ushering in a New Golden Age, a platform designed to provide Americans with a clear view into President Trump’s pro-family, pro-worker, and pro-growth economic agenda. “Treasury is opening the books for the American people,” Secretary Bessent said. “Starting with the historic Working Families…
Treasury: New Markets Tax Credit Awards Paired with Program Reforms
The U.S. Department of the Treasury (Treasury) today announced New Markets Tax Credits (NMTC) awards to promote U.S. economic growth. Treasury also announced reforms to focus NMTC awards on community revitalization and ensure NMTC awardees’ compliance with federal anti-discrimination laws. The awards announced today are a double round, covering 2024 and 2025. Secretary Scott K.H….
CDFI Fund: Treasury Pairs New Market Tax Credit Awards with Program Reforms
The U.S. Department of the Treasury (Treasury) today announced New Markets Tax Credits (NMTC) awards to promote U.S. economic growth. Treasury also announced reforms to focus NMTC awards on community revitalization and ensure NMTC awardees’ compliance with federal anti-discrimination laws. The awards announced today are a double round, covering 2024 and 2025. Secretary Scott K.H….
Federal Reserve: Governor Barr Delivers Speech on “Supporting Investment in Communities: The First 25 Years of the New Markets Tax Credit”
Speech delivered by Governor Michael S. Barr at the 2025 Fall New Markets Tax Credit Conference, New Orleans, Louisiana Thank you for asking me to be part of this celebration of 25 years of the New Markets Tax Credit (NMTC) and also the historic achievement of its permanent extension.1 I consider the credit a great achievement…
CDFI Fund: Acceptance of Community Development Entity (CDE) Certification Applications Resumes
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will resume acceptance of new Applications for certification as a Community Development Entity (CDE) effective September 9, 2025. The temporary “blackout” period, originally announced on May 5, 2025, was implemented to allow the CDFI Fund to assess and implement updates to the CDE Certification…