New Market Tax Credits
- Generated $8 of private investment for every $1 of federal funding
- Created 239 million square feet of manufacturing, office, and retail space
- Financed more than 10, 800 businesses
Overview
Historically, low-income communities experience a lack of investment, as evidenced by vacant commercial properties, outdated manufacturing facilities, and inadequate access to education and healthcare service providers. The New Market Tax Credit Program (NMTC Program) aims to break this cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies.
The NMTC Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in specialized financial intermediaries called Community Development Entities (CDEs). The credit totals 39 percent of the original investment amount and is claimed over a period of seven years.
Eligibility
- NMTC Program applicants must be certified as CDEs by the CDFI Fund.
- CDE Certification is intended for community development financing intermediaries. Businesses seeking NMTC-enhanced financing should not apply for CDE Certification, but should instead contact CDEs directly.
Mapping Tool 
This mapping tool was created to provide prospective applicants with the ability to search by address, census tract, and other geographic areas of interest to determine program eligibility for the BEA, CDFI, CMF, NACA, and NMTC programs. Use the search bar to type an address and view eligibility information on the map.
As you navigate our website, you can use the “Add Page to Report” button to add any page or property to a custom report that you can print out or save.
