SAN FRANCISCO, CALIFORNIA – Community Vision Capital and Consulting (Community Vision) is pleased to announce it has been awarded $75 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. Community Vision has received a total of eight awards aggregating to $293 million.
The New Markets Tax Credit was enacted in 2000 to stimulate private investment and economic growth in low-income neighborhoods and rural communities that lack access to capital needed to support and grow businesses, create jobs, and sustain healthy local economies. The NMTC program was recently made a permanent part of the U.S. tax code through the One Big Beautiful Bill Act (OBBBA).
On December 23, 2025, the U.S. Department of the Treasury’s CDFI Fund announced that it is awarding $10 billion in allocation authority for the calendar year 2024-2025 round, the largest in the program’s history. This allocation will stimulate economic growth and empower private-sector investment in distressed communities.
“Community Vision is pleased to receive this NMTC allocation and deeply appreciative of the CDFI Fund’s continued support of our mission,” said its President, Catherine Howard. “This allocation will enable Community Vision to continue focusing on funding critical infrastructure in California’s distressed communities and will drive private investment into areas that lack access to capital to promote community revitalization and economic growth.”
In 2024 alone, the NMTC program funded 350 projects supporting $8 billion in total capital investments, which renovated or constructed over 17.5 million square feet of real estate supporting vital community services and jobs in distressed communities across the U.S.
About Community Vision:
Founded in 1987 as the Northern California Community Loan Fund, Community Vision advances community ownership of community assets across California. Through lending, advising, and partnership, we support nonprofits, small businesses, and community-rooted organizations in securing the spaces that help communities thrive and build long-term stability. To date, we’ve invested more than $635 million in financing, leveraged over $3.3 billion, and distributed more than $39 million in grants. Community Vision is a nonprofit community development financial institution (CDFI) and an Equal Opportunity Provider. https://communityvisionca.org/
For more information, please contact:
Matias Bernal, Vice President of Development
mbernal@communityvisionca.org
415-392-8215
