Congress established the New Markets Tax Credit Program (NMTC Program) in 2000 to spur new or increased investments in operating businesses and real estate projects in low-income communities.
Historically, low-income communities experience a lack of investment, as evidenced by vacant commercial properties, outdated manufacturing facilities, and inadequate access to education and healthcare service providers. The NMTC Program aims to break this cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies.
The NMTC Program attracts investment capital to low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax return in exchange for equity investments in specialized financial institutions called Community Development Entities (CDEs).
Project Types
Food Banks
Distribution Centers
Manufacturing Plants
Hospital Administration Building
Women and Children’s Support Centers
Repositioned Mall
Tourism Facilities
Veterans and Community Health Clinics
Grocery Stores
Boys and Girls Club/Girls, Inc.
Charter Schools
College Mixed-Use Facility
Mixed-Use Live/Work Facility
Community Support Facilities (i.e. YMCA)
Featured
“The NMTC program greatly enhanced Texas Mezzanine Fund’s ability to assist underserved communities with significant amounts of funding. It has been impactful in terms of job retention, job creation, employee training, community economic uplift, employee health insurance, and other benefits.”
