Recent events in Texas, Puerto Rico, the Virgin Islands, and Florida are a reminder that hurricanes hit our most vulnerable communities and populations the hardest. Learn more about how community development organizations use the New Markets Tax Credit to rebuild hospitals, businesses, and single-family homes in communities where poverty and economic dislocation predated the storms.
About the NMTC
The New Markets Tax Credit (NMTC) is a shallow, low-cost tax incentive which delivers billions of dollars annually to low-income communities with high unemployment and poverty. The spurs private sector investment in projects like the investment in low income communities,
Browse our video vault, featuring case studies, Congressional testimony, hearings, and events.
- Republican Tax Framework Leaves Economic Future of Distressed Communities in Uncertain Situation with Omission of the NMTC
- Helping Meet Housing Needs After Katrina
- Independent Report Finds NMTC Program Meets, Exceeds Program Objectives
- New Markets Tax Credit Jumpstarting Rural Manufacturing
- Rep. Tim Ryan (Ohio) on public private partnerships
Communities, Businesses, Nonprofits and Others Interested in the NMTC
Do you have a great project in a low income community that is in need of NMTC allocation? We recommend first watching our "How It Works" video (to the right).
The next step is to check the CDFI Fund's mapping site to see if your project is in an eligible census tract.
Finally, check to see which Community Development Entities serving your area have remaining NMTC allocation.