Congress extends financing program that supported expansion for MMCDC borrower

Seward Cooperative, an MMCDC borrower, was honored this summer with a visit from U.S. Treasury Secretary Jacob Lew. Highlights of the visit were captured in an announcement by the New Markets Tax Credit Coalition and posted to its webpage. Secretary Lew lauded the Seward expansion as a good use of the federal New Markets Tax Credit (NMTC) program. Congressional leaders and the White House voted Sept. 15 to extend the NMTC for five years.