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Testimonials

As a non-profit, NewCourtland uses NMTC to make the communities we build in better and stronger.

-Bob Theil, NewCourtland Senior Services, Philadelphia, PA

As a primary care health clinic we are able to provide preventive care, reducing the number of community members who end up in the Emergency Department, receiving care where it’s mostly costly. NMTC allows us to build a facility that can deliver care at a much lower cost and keep people health and productive.

-Mary Ferguson, Desert Sage Health Centers, Mountain Home, ID

As a retired resident from Atlanta, GA, I support the NMTC programs in our community that have provided an important fiscal resource for new businesses that stimulate community development in neighborhoods seeking economic revival.

-Patricia Riley, Retired, Atlanta, GA

I worked on NMTC deals for over 10 years at a small community bank in NH. In every deal financed, the NMTC enabled the wealthy developer to get wealthier still and a beautiful building was built also.

-Nelly Palmer, Former NMTC Credit Analyst, Cornish, NH

I work in low income communities and we need these types of options to attract investors to revitalize rural and low income communities.

-Ann Theis, Better City, Raton, NM

I am writing to strongly advocate for the permanence of the New Markets Tax Credit (NMTC) program, a crucial initiative that has consistently shown its power to uplift our nation’s most economically challenged communities. As someone who has been deeply involved in the finance and community development sectors for over a decade, I’ve seen firsthand the transformative effects of NMTC on low-income areas. This program is not just a subsidy; it’s a financial catalyst. It attracts vital private capital to neighborhoods that would otherwise remain overlooked and underfunded. By focusing on low-income census tracts, NMTC aligns perfectly with our collective goal to foster equitable outcomes in community development. Through leveraging private investment, NMTC helps finance essential social services such as health centers, schools, and community centers. These facilities serve as the backbone of any prosperous society, and their absence is sorely felt in disadvantaged areas. By endorsing the permanence of NMTC, we aren’t merely providing a financial boost; we are laying the groundwork for holistic community revitalization.

-Amir Ali, Low Income Investment Fund, Valley Cottage, NY