New Markets Tax Credits Primer
New Market Tax Credits (NMTCs) can finance community projects such as childcare, health clinics, charter schools, family resource centers, community arts centers, and other neighborhood-serving facilities. Each year, the CDFI Fund allocates billions to Community Development Entities (CDEs) to invest in high-impact and innovative projects to spur economic development, foster the arts, increase access to healthy foods, create good jobs, and deliver critical human services.
This NMTC primer provides an overview of the basic NMTC financial transaction and the key players in an NMTC transaction, including CDEs like Community Vision. In addition to being a CDE, Community Vision also provides consulting services to assist organizations in navigating the process of utilizing NMTCs. Learn how you can use NMTCs to finance your community project and get in touch if you’d like to learn more about the process.
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