New Markets Tax Credit (NMTC) Program
The New Markets Tax Credit (NMTC) Program attracts private investment into low-income communities by allowing individual and corporate investors to receive a federal income tax credit equal to 39% of their equity investment in certified Community Development Entities (CDEs) over a seven-year period. Offered by Reinvestment Fund.
Key Facts
- Funder
- Reinvestment Fund
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Categories
- Community Development
- Status
- Open
About This Grant
The New Markets Tax Credit (NMTC) Program attracts private investment into low-income communities by allowing individual and corporate investors to receive a federal income tax credit equal to 39% of their equity investment in certified Community Development Entities (CDEs) over a seven-year period. CDEs then deploy that capital into businesses and projects in distressed, low-income census tracts. Reinvestment Fund's NMTC program funds community and economic development projects in distressed...
Full requirements and application instructions: official listing.
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