What Are New Markets Tax Credits And How Do They Help Communities?
The New Markets Tax Credit Program (NMTC) is a federal initiative created to spur private capital investment in low-income communities. Created under the Community Renewal Tax Act of 2000, NMTCs are allocated by the Community Development Financial Institutions Fund (CDFI), a bureau within the United States Department of Treasury, under a competitive application process.
NMTC funding is available to certified Community Development Entities (CDEs). Our experienced professionals can assist with the preparation and filing of the CDE Certification application to the CDFI Fund. We also provide strategic planning related to the CDEs Controlling Entity and Governing and Advisory Boards.
We work in all areas of the NMTC Program, including Community Development Entity (CDE) Certification, NMTC Allocation Applications, NMTC Management Services, and NMTC Placement.
Our team has successfully closed over $877 million of NMTC transactions—demonstrating our broad range of project experience including community facilities, manufacturing and distribution facilities, and mixed-use real estate investments.
We’ve been involved with NMTCs from day one, and related types of financing programs for decades. If you’re looking for the team that’s best positioned to help you navigate this landscape from start to finish, you’ve found it in Cherry Bekaert.
Learn More About Our Additional Strategic Financing Capabilities:
Case Studies
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Health & Wellness
- New Markets Tax Credit for the Boys & Girls Club of Fort Wayne
- New Markets Tax Credit for Kingsley House
- New Markets Tax Credit for River District Tower
- New Markets Tax Credit for the SE Raleigh YMCA
- New Markets Tax Credit for the SWIN YMCA
- New Markets Tax Credit for Tippah County Hospital
- New Markets Tax Credit for Lindsey Wilson College
- New Markets Tax Credit for Judson Mills
- New Markets Tax Credit for Gregg Community Center
- New Markets Tax Credit for Boys & Girls Club of Cabarrus County
- New Markets Tax Credit for Byron Health Center
- New Markets Tax Credit for Grady Hospital Center for Ambulatory Surgical Services
- New Markets Tax Credit for Faith Family Medical Center
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Manufacturing/Industrial
- New Markets Tax Credit for Brown Packing
- New Markets Tax Credit for Limehouse Produce
- New Markets Tax Credit for TAG Truck Center
- New Markets Tax Credit for Vestil Manufacturing
- New Markets Tax Credit for JETRO Restaurant Depot
- New Markets Tax Credit for Sweet Street Desserts
- New Markets Tax Credit for SWISS KRONO
- New Markets Tax Credit for TDC Greenfield Industries
- New Markets Tax Credit for Greenco Distribution
- New Markets Tax Credit for Associated Hardwoods
- New Markets Tax Credit for Plush Mill
- New Markets Tax Credit for Rooms To Go
- New Markets Tax Credit for Ampro Industries
- New Markets Tax Credit for Claussen Bakery
- New Markets Tax Credit for Arris Manufacturing
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Mixed-Use Real Estate
- New Markets Tax Credit for 100 Prince
- New Markets Tax Credit for Fairfield Government Center
- New Markets Tax Credit for Plush Mill
- New Markets Tax Credit for River District Tower
- New Markets Tax Credit for The Landing
- New Markets Tax Credit for Judson Mills
- New Markets Tax Credit for American Snuff Company
- New Markets Tax Credit for Poe West
- New Markets Tax Credit for NEXT Innovation Center
- New Markets Tax Credit for Upward Star Center
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Not-for-Profits
- New Markets Tax Credit for Commonwealth Crossing
- New Markets Tax Credit for Fairfield Government Center
- New Markets Tax Credit for The Franklin School
- New Markets Tax Credit for Kingsley House
- New Markets Tax Credit for the SE Raleigh YMCA
- New Markets Tax Credit for the SWIN YMCA
- New Markets Tax Credit for THRIVE Academy
- New Markets Tax Credit for Tippah County Hospital
- New Markets Tax Credit for Legacy Charter School
- New Markets Tax Credit for Lindsey Wilson College
- New Markets Tax Credit for Women’s Center and Shelter
- New Markets Tax Credit for Judson Mills
- New Markets Tax Credit for Gregg Community Center
- New Markets Tax Credit for Boys & Girls Club of Cabarrus County
- New Markets Tax Credit for FC Mission Plaza
- New Markets Tax Credit for Turnstone Center for Children and Adults with Disabilities, Inc.
- New Markets Tax Credit for Daughters of Charity Services of New Orleans
- New Markets Tax Credit for Upward Star Center
“New Markets Tax Credits is a flexible and patient financing tool that can be used to fill the gap on capital projects, assist with the purchase of equipment or offset operational expenditures for nonprofit and for profits in return for creation of positive community impacts for low-income communities. It is an extremely versatile tool that can be used to help organizations that typically lack access to traditional capital markets or provide financing for measurable changes within communities that so often lack access to quality jobs, commercial goods and community goods and services.”
– Laurel Tinsley, Managing Director, Strategic Financing Services
