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Recent NMTC News

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NMTC impact since 2003:

$ 0 billion
in investment in distressed communities
0 +
jobs generated in areas of high poverty and unemployment

About the NMTC

About the NMTC

The NMTC is a low-cost tax incentive which delivers billions to low-income communities.
About

Case Study Database

NMTC success stories organizated by state, congressional district, project type, and more.
Projects

Research and Reports

Reports, case studies, and annual surveys of NMTC activity.
Research

Stories and Explainers

How the New Markets Tax Credit Works

Our video gives you the 101 on how the NMTC program works.

State NMTC Profiles and Fact Sheets

State-level data and NMTC stories from across the country.

NMTC by Congressional District

Congressional district-level data and NMTC stories from across the country.

Community Leaders on the New Markets Tax Credit

The NMTC funding supplements the financial gap created by the existing market and the poor quality of housing located in a designated target area to play a major role in attracting private sector capital. It serves as a catalyst for redevelopment and revitalization, and kick-starts the spread of private investment into a community left behind in the market.

-Donna VanNess, Housing Channel, Fort Worth, Texas

I am Native American and I am an enrolled member of the Oneida Nation of Wisconsin. The New Market Tax Credits are being widely used in Indian Country to help support economic development to such an underserved population. The NMTC are also being used for renewable energy for a lot of tribes. This has been very beneficial. My nonprofit has an over 51% Native American board and we want to help more Native American communities utilized the NMTC’s. Having the NMTC program become permanent will help so many Native American communities.

-Shelly Tucciarelli, Visionary Ventures NFP Corporation, Itasca, Illinois

As a nonprofit working in the poorest State in the Nation it is hard to bring economic development projects to the State. If there are New Market Tax Credits available for a project it can make the difference between a project getting done versus being moved to another State.

-KImberly LaRosa, Renaissance Community Loan Fund, Gulfport, Mississippi

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Random NMTC Project Profiles

2015

Miami, FL

A full-service center offering a comprehensive system of care for the over 4,000 homeless individuals in Miami-Dade County….
2005

Riverside, CA

NMTC financing supported TMP Services, Inc.. Established in 1994, TMP is a leader in providing access systems throughout the…
2014

Dunn, NC

A 2 million square foot facility which serves as a primary distribution and processing center for online deliveries for…
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