The New Markets Tax Credit (NMTC) Program is a federal initiative designed to stimulate private investment in economically distressed communities. Administered by the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), the NMTC Program provides tax incentives to investors who deliver capital to certified Community Development Entities (CDEs).
CDEs, in turn, make investments in Qualified Active Low-Income Community Businesses (QALICBs) — projects that create jobs, expand access to services, and support community revitalization in areas that need it most.
Since its creation in 2000, the NMTC Program has catalyzed over $80 billion in capital into more than 7,500 projects across the United States, including:
The NMTC Program is more than a financing tool — it's a platform for transformational community development, built on local impact.