New Market Tax Credits Program
Spurring public-private partnerships to drive capital to low-income communities
The New Markets Tax Credit (NMTC) Program plays a critical role in economic development financing; allowing Certified Development Entities (CDEs) the ability to finance development in communities with requiring access to flexible, gap debt financing. NMTCs have proven to be an efficient and effective tool to spur additional private investment, with the goal of creating and retaining permanent, living wage jobs and providing vital goods and services to historically underinvested communities.
The NMTC program helps organizations looking to expand their footprints in economically disadvantaged areas through facility expansion, construction, and acquisition and installation of equipment. The goal of these organizations is to enhance both their businesses and the community. CRF works closely with our partners in low-income communities to identify and manage NMTC projects from concept through completion, including qualification, program administration and ongoing technical assistance.