NMTC Program

The New Markets Tax Credit Program (NMTC) provides tax credits to investors for qualifying investments into Community Development Entities (CDEs).  The proceeds of the investment capital must be used by the CDEs to fund qualified investments in economically distressed communities, allowing the CDE to leverage private investment capital to foster economic development in qualifying low income census tracts.  Below is a diagram of how the NMTC program is designated to work.