This commitment by Building America and its funders through the federal New Markets Tax Credit program represents an investment in our neighborhoods, investment in our people, and investment in ...

In existence since 2000, the federal New Markets Tax Credit (NMTC) incentive has provided gap financing and infusions of cash in economically distressed communities for more than two decades.

It also allocated $5 billion for the New Market Tax Credit Program and guaranteed nearly $3 billion in bonds through its CDFI Bond Guarantee Program. The NMTC allows investors to receive a tax ...

SoLa Impact has received $29 million in New Markets Tax Credit (NMTC) financing to help supplement its funding of two initiatives at Crenshaw Lofts, a 190-unit mixed-use project at 4607 Crenshaw Blvd.