How New Markets Tax Credit loans work
Congress authorizes NMTC funding. Interested community development entities like CRF submit applications, receive NMTC allocations, and match deserving projects that meet NMTC guidelines with investors.
CRF works closely with our lending referral partners in low-income communities to identify and manage NMTC projects from concept through completion, including:
- Qualifying the potential borrower according to NMTC guidelines.
- Handling all the details, including program administration, compliance, and reporting.
- Providing ongoing technical assistance to bring industry participants together to deliver living wage jobs into low-income communities.