Brief How Has the New Markets Tax Credit Program Been Funded over Time?
Brett Theodos, Christina Plerhoples Stacy, Daniel Teles, Christopher Davis, Prasanna Rajasekaran, Ananya Hariharan
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This brief summarizes the funding history of the NMTC Program. Each year, through the US Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund and the Internal Revenue Service, the program provides tax credits to subsidize local development real estate projects and operating businesses (including nonprofits) in census tracts with low average incomes or high poverty rates.

Research Areas Neighborhoods, cities, and metros
Tags Federal urban policies Job opportunities Community and economic development
Policy Centers Metropolitan Housing and Communities Policy Center