Comment from Novogradac NMTC Working Group
Novogradac NMTC Working GroupSupportAdvocacy
Summary: The Novogradac New Markets Tax Credit Working Group, representing over 120 industry organizations, submitted recommendations to improve the administration and effectiveness of the New Markets Tax Credit (NMTC) program. They advocate for specific regulatory changes, such as clarifying rules for for-sale housing, providing safe harbors for loan modifications and distributions, and reducing tax-credit-recapture risks to encourage greater investment in low-income communities.
The Novogradac New Markets Tax Credit Working Group submits the attached recommendations for items to be included on the 2026-2027 Priority Guidance Plan.