THE FOLLOW UP
STATEMENT

CDFI Fund will modify NMTC allocation agreements to strengthen provisions governing permitted uses of NMTCs and ensure compliance with federal anti-discrimination laws.

True

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directive

NMTC allocation agreements modified to strengthen permitted-use provisions and ensure compliance with anti-discrimination laws.

Source summary
The U.S. Treasury announced New Markets Tax Credit (NMTC) awards in a double round covering 2024 and 2025 and unveiled reforms to refocus the program on community revitalization and compliance with federal anti-discrimination laws. The CDFI Fund will modify NMTC allocation agreements, increase monitoring of awardees, and may use remedies up to decertification, termination of unused credits, and recapture of awards for noncompliance. The allocations include a reported 20% increase in investments in rural and non-metro communities, and Treasury signaled future emphasis on affordable housing, small business growth, domestic manufacturing, and rural health infrastructure.
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Latest fact check

Treasury press release SB0345 states that starting this year, the CDFI Fund will modify NMTC allocation agreements to strengthen the provisions governing permitted uses of NMTCs, with a focus on ensuring compliance with federal anti-discrimination laws. The accompanying CDFI Fund release (News 700) confirms reforms including enhanced monitoring of how awardees use NMTCs and potential remedies for noncompliance. Together, these official government sources describe policy changes aimed at anti-discrimination compliance and stronger oversight. Verdict: True. The evidence shows the modifications and strengthened provisions are explicitly outlined by Treasury and the CDFI Fund.

Sources

Timeline

  1. Update · Dec 24, 2025, 12:13 AMTrue
    Treasury press release SB0345 states that starting this year, the CDFI Fund will modify NMTC allocation agreements to strengthen the provisions governing permitted uses of NMTCs, with a focus on ensuring compliance with federal anti-discrimination laws. The accompanying CDFI Fund release (News 700) confirms reforms including enhanced monitoring of how awardees use NMTCs and potential remedies for noncompliance. Together, these official government sources describe policy changes aimed at anti-discrimination compliance and stronger oversight. Verdict: True. The evidence shows the modifications and strengthened provisions are explicitly outlined by Treasury and the CDFI Fund.
  2. Original article · Dec 23, 2025
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