Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.
The NMTC program is a key component to complicated financial structures required to finance projects for community development, affordable housing, education and healthcare facilities. The need for these types of facilities in lower income communities is great, and without NMTC many of these projects could be in danger of not being funded and completed. It is critical that the under-served communities in our country continue to receive funding for revitalization and development.