MINNEAPOLIS, MN – January 5. 2026 – Community Reinvestment Fund, USA (CRF) announced that its wholly owned subsidiary, National New Markets Tax Credit Fund, Inc. has been awarded $70 million in New Markets Tax Credit (NMTC) allocation authority by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). This allocation will enable CRF to leverage additional private capital to support economic development projects in low-income communities across the country.
The award is part of the CDFI Fund’s calendar year 2024-2025 NMTC allocation round—the largest in the program’s history at $10 billion. This historic allocation will stimulate economic growth and empower private-sector investment in under-resourced communities, including in rural America, manufacturing businesses, and critical community infrastructure.
“This allocation provides us with a powerful tool to support businesses that are creating quality jobs in communities that need them most,” said Matthew Roth, President and CEO of CRF. “Using this important resource, we help businesses expand, modernize, and strengthen local economies—ensuring that low-income communities have access to meaningful employment opportunities.”
The NMTC Program advances economic development by making tax credit allocations available to Community Development Entities (CDEs) for targeted investments in eligible low-income communities. Since its inception, the NMTC Program has generated $77 billion in qualified equity investment and $143 billion in total development financing, supporting investments in more than 8,900 businesses and creating over 1.2 million jobs nationwide. In 2024 alone, the program enabled $3 billion in project financing to American manufacturing businesses and directed more than 30% of investments to rural areas.
This latest allocation builds on CRF’s proven track record in the NMTC Program. With $1.03 billion in NMTC allocation authority received to date through its wholly owned subsidiary National New Markets Tax Credit Fund, Inc, CRF has funded 340 NMTC loans in 181 communities across 36 states. Through facility expansion, construction, and equipment acquisition and installation, CRF uses NMTCs to support businesses committed to creating and retaining quality jobs and accessible jobs for residents of under-resourced communities nationwide.
About Community Reinvestment Fund, USA
CRF is a national nonprofit organization and Community Development Financial Institution (CDFI) with a mission to elevate economic opportunity by reimagining the way capital and resources flow to small businesses and communities. Since 1988, CRF has secured and distributed nearly $4 billion in funding to transform local economies across the country. By partnering with small businesses, banks and financial service providers, CDFIs, public sector and government partners, philanthropists and foundations and business support organizations, CRF delivers sustainable financial solutions that support long-term economic growth with the goal of building a just economy where small businesses and local communities thrive. For more information, visit crfusa.com and follow us on LinkedIn, Facebook and X.
