New Markets Tax Credits

New Markets Tax Credits

NFF's NMTC program supports community development projects that benefit low income neighborhoods. NFF has used NMTC to provide flexible financing to organizations and projects that increase access to human services, healthcare, education, arts and culture, youth and workforce development, and much more in communities across the US.

Our approach and commitment to equity

NFF believes that communities know their own needs and should be able to make decisions to guide their future and reach toward shared goals. Yet many communities of color and organizations led by people of color have faced decades of disinvestment due to deeply entrenched institutional barriers in how money flows. As a national CDFI, NFF is committed to addressing inequity by:

  • Helping community-centered organizations led by and serving people of color gain control of financial resources to help realize their communities’ aspirations
  • Holding ourselves accountable to our "Plan 50%+" with more than half of our total lending going to organizations led by people of color

NFF has invested $401 million in NMTC to over 50 organizations across the US

Map showing location of NFF NMTC investments and target states

Sector breakdown of NMTC allocation by human services, health, education, arts and culture

We chose NFF as our financing partner because they truly understand the challenges and needs of operating a community health center. They are driven by mission, and are genuinely interested in the health and well-being of patients living in our community.

Jim Souza, Chief Financial Officer, Charles River Community Health Center

Our NMTC impact by the numbers

Grey infographic with NFF NMTC impact data about people served, jobs created, and dollars invested

Client highlights

Large sign reads Center of Hope with a green tree to the right

Hill Country Community Clinic (HCCC) serves the diverse healthcare needs of its rural northern California community. With NMTC and other financing, HCCC created the Center of Hope, a new facility in Redding, CA, that offers medical, dental, and mental health services, as well as a public library with free internet, a youth center, a radio station, a walking trail, and a space for community events.

Photograph of NFF and MRNY staff wearing blue construction hats at groundbreaking event

Make the Road New York (MRNY) broke ground in 2019 on its new home in Queens, New York. The 24,000-square-foot building will double space for MRNY’s programs and services supporting immigrants and working-class people of color.

Interested in NMTC?

Please contact us to speak with someone about your project and financing needs.

Contact NFF