{"id":491,"date":"2010-07-27T09:22:31","date_gmt":"2010-07-27T13:22:31","guid":{"rendered":"\/?page_id=491"},"modified":"2021-02-19T11:28:44","modified_gmt":"2021-02-19T16:28:44","slug":"nmtc-program","status":"publish","type":"page","link":"https:\/\/cdvca.org\/public-policy\/nmtc-program\/","title":{"rendered":"New Markets Tax Credit (NMTC) Program"},"content":{"rendered":"<p style=\"padding-left: 180px;\">\n<p><span style=\"color: #000000;\">The New Markets Tax Credit (NMTC) Program, administered by the Community Development Financial Institutions (CDFI) Fund of the Department of Treasury, provides tax credits for new private sector investment in economically distressed communities through certified Community Development Entities (CDEs). Through a competitive allocation procedure, the CDFI Fund awards tax credits based on the submissions of allocation applications.<\/span><\/p>\n<p><span style=\"color: #000000;\">Four types of activities by CDEs are possible when utilizing the NMTC credits:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Making investments in or loans to qualifying businesses<\/span><\/li>\n<li><span style=\"color: #000000;\">Providing financial consulting to businesses and residents of low income communities<\/span><\/li>\n<li><span style=\"color: #000000;\">Making investments in or loans to other CDEs which then make investments in, loans to, or provide financial consulting to qualifying businesses<\/span><\/li>\n<li><span style=\"color: #000000;\">Purchasing loans from CDEs<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Click <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"http:\/\/cdfifund.gov\/what_we_do\/programs_id.asp?programID=5\">here<\/a> <\/span>to visit the section of the CDFI Fund&#8217;s website pertaining to the NMTC Program.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Markets Tax Credit (NMTC) Program, administered by the Community Development Financial Institutions (CDFI) Fund of the Department of Treasury, provides tax credits for new private sector investment in economically distressed communities through certified Community Development Entities (CDEs). Through a competitive allocation procedure, the CDFI Fund awards tax credits based on the submissions of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":275,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages\/491"}],"collection":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/comments?post=491"}],"version-history":[{"count":0,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages\/491\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/pages\/275"}],"wp:attachment":[{"href":"https:\/\/cdvca.org\/wp-json\/wp\/v2\/media?parent=491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}