New Markets Tax Credit (NMTC) Program
Administers New Markets Tax Credit allocations through Community Development Entities to attract private investment in low-income communities.
The New Markets Tax Credit (NMTC) Program is administered by the CDFI Fund, an office of the U.S. Department of the Treasury, and allocates federal tax-credit authority to Certified Community Development Entities (CDEs). CDEs use that allocation authority to attract private equity investment from individuals and corporations into qualifying low-income community businesses and projects, with invest…
Federal tax-credit allocation authority awarded to certified Community Development Entities (CDEs), enabling them to attract private equity investment into qualifying low-income community businesses via a 39% tax credit claimed over seven years.
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