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Recent NMTC News

From the Blog

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

In 2009, we utilized New Market Tax Credits to purchase and renovate a long-abandoned city-owned fire station, transforming it into a state of the art creative youth development center. We employ over 50 artists, engineers and administrators, who serve close to 1,000 young people per year – dramatically improving their life trajectories. We are celebrating our 28th year, and with the support of the NMTC, own our building outright (with no debt). Hopefully this will provide the foundation for the next 28 years!

-Madeleine Steczynski, Founder & Executive Director, Zumix, East Boston, Massachusetts

NMTC has been an important tool over the years for our organization to provide jobs and affordable housing to under served communities. Most of our homeowners are African American so this is bridging the inequity gap so vital to healing our nation.

-Candice Van Scoy, Habitat for Humanity of the Chesapeake, Baltimore, MD

The 3 NMTC projects completed in our community ensured over $50 million in private investment, increase the tax base, and created many new jobs.

-Karen Byrnes, Community Development DIrector, Butte-Silver Bow Community Development, Montana

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Random NMTC Project Profiles

2016

Grand Rapids, MI

Renovation of a bighted, contaminated former industrial site into a mixed-use, mixed-income community featuring new fresh food market and…
2012

Allendale, SC

NMTCs were leveraged to build two identical 21 MW biomass generation facilities which will convert wood pulp and debris…
2007

Aurora, IL

In 2005, VNA Health Center (formerly VNA of Fox Valley), located in Aurora, Illinois, served 21,035 patients, 81 percent…
2019

Kansas City, KS

Renovation an academic building as well as replacement an additional academic and administrative building….
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