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 distressed communities. NMTCs support a wide range of projects, including large commercial developments, office buildings, hotels, arts centers, charter schools, day care centers, medical clinics, small-business expansions, mixed-use developments, and homes for sale.
The Urban Institute has completed several studies of the NMTC Program; the reports and associated products are listed below.
- Place-based investment and neighborhood change: The impacts of New Markets Tax Credits on jobs, poverty, and neighborhood composition
- How Has the New Markets Tax Credit Program Been Funded over Time?
- Which Types of Projects Receive New Markets Tax Credit Funding?
- Where Do New Markets Tax Credit Projects Go?
- Which Community Development Entities Receive NMTC Funding?
- What Are the NMTC Program’s Impacts on Local Economic Conditions?
- How Does the NMTC Program Affect Local Housing Markets
- New Markets Tax Credit (NMTC) Program Evaluation: Final Report
- Evaluating Community and Economic Development Programs: A Literature Review to Inform Evaluation of the New Markets Tax Credit Program
- Analysis of Selected New Markets Tax Credit Projects
- Can Place-Based Investments Like New Markets and Opportunity Zones Help Low-Income Neighborhoods and Residents?
- What Is the New Markets Tax Credit and How Does It Work?
- What Do We Know about the Nation's Largest Economic and Community Development Program?