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The New Market Tax Credit Program is an initiative of the Community Development Financial Institutions Fund, a department of the U.S. Treasury, in support of its mission to expand the capacity of financial institutions to provide capital, credit, and financial services in underserved markets. Tax payers receive a Federal Tax Credit for making qualified equity investments in designated Community Development Entities (CDE).

For a developer, participating in a NMTC program means access to loans lower than the market rate, subordinated debt, and enhanced equity arrangements. The tax credit totals 39% over a seven year period, and the investment must in turn be used by the CDE to substantially provide investments in low-income communities. A low-income community is any population census tract in which at least 20% of its population is at poverty level, or median family income (MFI) is at or below 80% of the area MFI. Ideal projects leverage additional sources of funding.

For more information on the NMTC program, contact Sharon Feasel at 427-2107 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

For a detailed explanation of the New Markets Tax Credit Program, please click FWNMRF

NMTC Documents of Interest

pdfProject Evaluation Criteria

pdfQuestions & Answers

pdf2012 NMTC Eligible Census Tracts based on 2010 Census