News New Markets Tax Credit

New Markets Tax Credit Program Past, Present, and Future

Written By: NTCIC

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.

NTCIC President Merrill Hoopengardner recently joined other industry leaders to participate in a presentation of new evidence on the NMTC program hosted by the Urban Institute. They discussed the types of projects the program supports, the neighborhoods where it is active, and its impacts on those communities. Take a look at the recorded presentation and discussion that followed.