TEXAS MEZZANINE FUND
 
 
 

NEW MARKET TAX CREDITS

Since its involvement in the NMTC Program began, TMF has submitted 15 applications and received 13 rounds of allocations totaling $548,000,000.

 
 
 
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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.

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)

 
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Featured
Paul Quinn College (2018)
Paul Quinn College (2018)

Paul Quinn College, the creator of the Urban Work College Model and one of the nation's most innovative colleges, broke ground on its first new building on campus in 40 years, with support from NMTC financing.

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BYK USA, Inc. (2018)
BYK USA, Inc. (2018)

BYK USA, Inc. utilized a $10 million New Markets Tax Credit allocation—facilitated by Texas Mezzanine Fund—to modernize its Gonzales, Texas facility, replacing aging machinery and reconfiguring plant layout to improve energy efficiency and reduce emissions. This investment created 165 permanent full-time jobs and 47 construction positions, demonstrating how mission-aligned financing can revitalize rural manufacturing and strengthen local economies.

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ChildSafe (2017)
ChildSafe (2017)

ChildSafe leveraged $25.3 million in New Markets Tax Credit financing—structured in part by Texas Mezzanine Fund—to build a state-of-the-art facility offering therapy rooms, forensic interview spaces, and outdoor play areas tailored to child survivors of abuse. This mission-aligned investment created 65 full-time jobs and expanded ChildSafe’s capacity to deliver trauma-informed care, strengthening San Antonio’s social fabric.

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Central Texas Food Bank (2016)
Central Texas Food Bank (2016)
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McAllen VA Outpatient Clinic (2013)
McAllen VA Outpatient Clinic (2013)

The VA McAllen Outpatient Clinic—an 80,000-square-foot, $31 million facility serving over 500 veterans daily—was developed by The Boyer Company and financed through Texas Mezzanine Fund’s New Markets Tax Credit program. TMF’s mission-aligned capital enabled below-market financing, accelerating construction and expanding critical VA healthcare services in South Texas.

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“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.”
— Victor Elmore, President
 
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Contact Our NMTC Team

[reword] Our capital is flexible, our process is collaborative, and our focus is long-term impact. Start the application process or schedule a consultation with our lending team.

 
 
 

Victor Elmore
President & NMTC Director

Phone: (214) 943-5900
Email: velmore@tmfund.com

Questions?