New Markets Tax Credit (NMTC) Program
Funds community development entities so local investors can direct private money into low-income businesses.
About
The NMTC Program allocates federal tax-credit authority to Certified Community Development Entities (CDEs), which then use that authority to attract equity investment from private investors into qualifying low-income community businesses and projects. Investors receive a 39% federal income tax credit claimed over 7 years on their Qualified Equity Investment (QEI) in the CDE.
The CDFI Fund manages…
Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.