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New Markets Tax Credit Overview

A New Markets Tax Credit transaction has plenty of benefits, providers and acronyms. Download our overview below to learn some of the basics to a transaction, how projects are getting financed, who are the main participants and what makes an attractive project.  We are here to guide you, so be sure to reach out with additional questions.

The CDFI Fund was created for the purpose of promoting economic revitalization and community development through investment in and assistance to Community Development Financial Institutions (CDFIs). The CDFI Fund was established by the Riegle Community Development and Regulatory Improvement Act of 1994, as a bipartisan initiative and has a purpose by promoting access to capital and local economic growth.

The New Markets Tax Credit Coalition is a national membership organization founded in 1998 to advocate on behalf of the NMTC program. The Coalition, which includes some 150 members, is managed by Rapoza Associates, a public interest lobbying, policy analysis and government relations firm located in Washington, DC that specializes in providing comprehensive legislative and support services to community development organizations, associations and public agencies.

Novogradac is a national professional services organization. The Novogradac organization consists of affiliates and divisions providing professional services that include certified public accounting, valuation and consulting. Novogradac works extensively in the affordable housing, community development, historic preservation, opportunity zones and renewable energy fields, providing tax, accounting, audit and valuation services.

Policy Map is an intuitive web-based tool for policymakers, business leaders, and researchers to quickly visualize and understand communities across the US. It has a data warehouse of over 50,000 indicators accessible through a state-of-the-art mapping and analytics platform.