Community Testimonials​
Now more than ever, we find the only sure way out of institutional poverty is through home ownership, the building of equity within the existing free market system. The New Markets Tax Credit program achieves that goal by providing much needed funding to physically build homes for hard working families within qualifying census tracts. This money goes directly from the closing of the transaction into the construction of these homes. Families work alongside volunteers to build their homes, they are provided with a mortgage calibrated to their income, and they pay for their homes over a 25 to 30 year period. This economic and tenure security changes the lives of both current and future generations, thus leveraging up the value of the New Markets Tax Credit investment. We urgently request a permanent extension of the NMTC, and additional allocation of funds to continue the transformational work this program makes possible.
-John Desmond, Greater Charlottesville Habitat for Humanity, Inc., Charlottesville, Virginia
Leveraging the NMTC means that we are able to serve more low income families in need of a safe and affordable home.
-Janice Jensen, Habitat for Humanity East Bay/Silicon Valley, Oakland, California
It’s one of the only federal resources that supports the civic institutions that form the foundation for community in America.
-Jakob von Trapp, Columbia Ventures, LLC, Atlanta, Georgia
Massachusetts Project Profiles
Plainfield, (2017)
- CDE(s): RBC Community Development
Bridgeport, (2006)
- CDE(s): Grow America
San Francisco, (2015)
- CDE(s): Capital One | Community Vision
Seattle, (2008)
- CDE(s): Accion Opportunity Fund | United Fund Advisors | USBCDE
Evansville, (2018)
- CDE(s): Cinnaire New Markets
Cleveland, (2014)
Cusick, (2017)
- CDE(s): Clearinghouse CDFI
Cortland, (2019)
Manistique, (2020)
- CDE(s): Michigan Community Capital
Saint Louis, (2017)
Milwaukee, (2015)
Saint Louis, (2018)
Watsonville, (2021)
- CDE(s): Civic Builders
Chicago, (2011)
Hamtramck, (2011)
- CDE(s): Michigan Community Capital
Naranja, (2017)
- CDE(s): Mid-City Community CDE | Truist
Houston, (2010)
- CDE(s): CRFUSA | Grow America | Local Initiatives Support Corporation
Jackson, (2011)
- CDE(s): Midwest Minnesota CDC
Columbus, (2015)
- CDE(s): Capital One | Finance Fund
Tulare, (2007)
- CDE(s): CRFUSA
Saint Louis, (2009)
- CDE(s): City First