Remote video URL
The Past, Present, and Future of the New Markets Tax Credit Program

The New Markets Tax Credit (NMTC) program is a large, long-standing, place-based program that provides federal tax credits to attract private investment into low-income communities. 

Join the Urban Institute for a presentation of new evidence on the NMTC program: the types of projects it supports, the neighborhoods where it is active, and its impacts on those communities. A discussion with NMTC field leaders will follow about the future of the program and how it should be positioned to meet the needs of businesses and communities presently unable to access capital. 


  • Annie Donovan, Executive Vice President and Chief Operating Officer, Local Initiatives Support Corporation
  • Merrill Hoopengardner, President, National Trust Community Investment Corporation
  • Robert E. James II, President, Carver Development CDE, LLC
  • Inez Long, President and Chief Executive Officer, Black Business Investment Fund Florida
  • Christina Plerhoples Stacy, Principal Research Associate, Urban Institute 
  • Brett Theodos, Senior Fellow and Director of the Community Economic Development Hub, Urban Institute 
  • Laura Vowell, Senior Vice President, U.S. Bancorp Community Development Corporation




Funding for this event was provided by a grant from Arnold Ventures. For more on Urban’s funding policies, go to

We strive to host inclusive, accessible events that enable all individuals, including individuals with disabilities, to engage fully. Please email [email protected] if you require any accommodations or have any questions about this event.

Photo credit: Crosstown Concourse by Paul Sableman, cropped from the original.


Date & Time Wednesday, April 28, 2021

  • Principal Research Associate
  • Senior Fellow