Today’s Washington Post includes a write-up of NMTC-Coalition members Howard and Donna Smith (Smith NMTC) and their work to expand affordable homeownership using the NMTC.
“The Smiths have championed using the $5 billion-a-year program to build affordable housing, something most community development entities (CDEs) tapping into the credits said could not be done,” writes Jim Morrison. “New Markets Tax Credits are highly regulated, but the Smiths have created plug-and-play templates, models that any nonprofit can use to navigate the tax credits program from application through project completion.”
Jim Morrison
Washington Post
Examples
2012
Cincinnati, OH | 8th District
NMTC financing supported a multi-state, first of its kind Habitat for Humanity project spanning the country. …
2011
Siler City, NC | 9th District
NMTC financing supported a Habitat for Humanity Build for Chatham Habitat for Humanity…
2011
Mount Vernon, IN | 8th District
This project created 48 affordable, single-family homes for Habitat for Humanity of Evansville, Inc….
2021
Bloomington, IN | 9th District
Monroe County Habitat used NMTC financing to complete the Osage Place project in Bloomington, IN….
2010
Sacramento, CA | 7th District
Financing for the construction of 34 affordable single-family homes by Habitat for Humanity of Sacramento, CA….
2011
Annapolis, | 3rd District
NMTC financing helped Cheseapeak Habitat for Humanity build 59 affordable, for sale homes in Annapolis….
