New Markets Tax Credit Program
CRF is dedicated to strengthening communities through access to Quality and Accessible Jobs in Low-Income Communities throughout the nation.
CRF Provide access to flexible (gap) financing through the Federal New Markets Tax Credit (NMTC) Program.
Our strategy is to use NMTCs to support businesses that are committed to creating/retaining Quality Jobs and Accessible Jobs for residents of Low-Income Communities (LICs) and Low-Income Persons (LIPs) nationally.
We direct our federal NMTCs to manufacturing/industrial businesses – the “bedrock” of American Quality Jobs that produces a vibrant middle class in this country.
CRF has received $969.5 million from NMTC allocation authority. CRF finances industrial and manufacturing operating companies through facility expansion, construction and acquisition and installation of equipment. To date, CRF has funded 340 NMTC loans in 181 communities across 36 states.
Eligibility Requirements:
Be in a NMTC qualifying non-metropolitan county or in Severely Distressed LIC (poverty 30%, MFI < 60% or unemployment > 1.5x national average)
Primarily fund real estate
A manufacturing/industrial business that has a proven track record of hiring, training, and maintaining workers with quality wages and benefits
Exhibit the need for a NMTC subsidy to achieve feasibility and the desired quality and meet quality job and accessible job required outcomes
Produce strong community support and tangible evidence of LIC support through its priorities, partnerships, and actions
Learn more about the New Markets Tax Credit Program through the CDFI Fund
Empowering Communities, Strengthening Local Economies
Experienced Partner
We’ve received $969.5 million in NMTC allocations, funding more than 300 projects
Sustainable Impact
More than 2 million people impacted by the community facilities supported by the CRF NMTC program
Quality Jobs
More than 38,000 jobs created across the country as a result of the CRF NMTC program
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Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3.6 billion to stimulate job creation and economic development and support community facilities.