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Tax CreditUnited StatesActiveVerified

Federal New Markets Tax Credit Program

CDFI Fund / U.S. Department of Treasury (CDFI)FED-NMTC
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

United States

About This Program

Tax credits that attract private investment to low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments in Community Development Entities, which then deploy capital to businesses in distressed areas.

Key Requirements & Eligibility

  • 1Investment must flow through a certified Community Development Entity (CDE)
  • 2Business must be located in a qualified low-income community census tract
  • 339% credit taken over 7 years (5% in years 1-3; 6% in years 4-7)
  • 4Eligible: real estate, operating businesses, community facilities in low-income areas
  • 5CDEs apply competitively to CDFI Fund for allocation authority annually

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Real EstateSmall BusinessHealthcareGovernment & Nonprofit
Official Source