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ActiveU.S. Department of the Treasury · 2026

New Markets Tax Credit Program

Quick Facts

Agency: U.S. Department of the Treasury
Funding: Varies
Deadline: Check Source
Status: Active
Eligibility: Community Development Entities (CDEs) that are certified by the Community Development Financial Institutions Fund.

About This Grant

New Markets Tax Credit Program is sponsored by U.S. Department of the Treasury. Stimulates investment in low-income communities by providing tax credits to investors who make qualified equity investments in Community Development Entities.

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Official Opportunity Details

Extracted from the official opportunity page/RFP to help you evaluate fit faster.

**Official websites use** A **. gov** website belongs to an official government organization in the United States.

**Secure websites use HTTPS** Community Development Financial Institutions Fund U.S. Department of the Treasury ##### Top Navigation Second * Community Development Advisory Board * Bank Enterprise Award (BEA) Program * Capital Magnet Fund (CMF) Program * CDFI Bond Guarantee Program * CDFI Equitable Recovery Program * CDFI Rapid Response Program * New Markets Tax Credit (NMTC) Program * Small Dollar Loan Program * Compliance and Performance Reporting Resources * Opportunity Zones Resources * Searchable Awards Database * NMTC Allocatee States Served * Historical Award Documents * Program Eligibility Guidance * Message From the Director [](https://www.

cdfifund. gov/programs-training/programs/new-markets-tax-credit) 4. New Markets Tax Credit Program # New Markets Tax Credit Program ## New Markets Tax Credit Benefits The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.

As of the end of FY 2023, the NMTC Program has: * Generated $8 of private investment for every $1 of federal funding * Construction or rehabilitation of over 268. 2 million square feet of commercial real estate * Creation of retention of more than 888,200 jobs and an additional 125. 6 million more jobs projected.

Download NMTC Program Fact Sheet (English) › Download NMTC Program Fact Sheet (Español) › View QEI Issuance Report(July 2026) › Historically, low-income communities experience a lack of investment, as evidenced by vacant commercial properties, outdated manufacturing facilities, and inadequate access to education and healthcare service providers.

The New Markets Tax Credit Program (NMTC Program) aims to break this cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies.

The NMTC Program attracts private capital into low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax in exchange for making equity investments in specialized financial intermediaries calledCommunity Development Entities (CDEs). The credit totals 39% of the original investment amount and is claimed over a period of seven years.

For more information, please see our**NMTC Program Fact Sheet**(English/Español). A detailed overview of the NMTC Program, including information on eligible activities, can also be found in theIntroduction to the NMTC Program presentation. IRS Materials and Reference Documents NMTC Program applicants must be certified as CDEs by the CDFI Fund.

For more information on CDE Certification, please see ourCDE Certification page CDE Certification is intended for community development financing intermediaries. Businesses seeking NMTC-enhanced financing should not apply for CDE Certification, but should instead contact CDEs directly. To locate a CDE serving your area, please visit ourNMTC Awardee States Served map.

Download our Notice of Allocation Availability for information on eligibility. ### Are you an individual or business seeking a loan? Click here to learn how to find CDFIs and CDEs that are providing services in your community.

* PAST YEAR'S APPLICATION MATERIALS * STEP 3 | Award Announcement * STEP 4 | Allocation Agreement Closing * ALLOCATION AGREEMENT CLOSING * STEP 5 | Compliance and Reporting * COMPLIANCE AND REPORTING **Awards**Looking for more about Awards for this program?

Find it on our Awards page › **Our Impact**Learn more about the impact of the CDFI Fund on our Impact Blog › ## CDFI Fund Tools & Resources ### ACCESS TOOLS AND RESOURCES Access the CDFI Fund's database systems below. Use the Awards Database search to find CDFI Fund awardees by state for all of the CDFI Fund's programs.

* **Compliance and Performance Reporting Resources** * AboutCareersCommunity Development Advisory Board * Programs & TrainingCertificationProgramsTraining & TA * Tools & ResourcesAMISCIMS Mapping ToolCompliance and Performance Reporting ResourcesOpportunity Zones Resources * AwardsSearchable Awards DatabaseNMTC Allocatee States ServedHistorical Award Documents * Research & DataResearch ReportsData ReleasesProgram Eligibility GuidanceSnap Stat * News & EventsAnnouncementsMessage From the DirectorRequests for CommentsUpcoming Events Community Development Financial Institutions Fund United States Department of the Treasury ##### Footer Link Menu First * Small & Disadvantaged Businesses ##### Footer Link Menu Second

Eligibility Requirements

Community Development Entities (CDEs) that are certified by the Community Development Financial Institutions Fund.

Frequently Asked Questions

Who can apply for New Markets Tax Credit Program?

According to the current listing, eligibility includes: Community Development Entities (CDEs) that are certified by the Community Development Financial Institutions Fund. Confirm the full requirements in the official notice before applying.

Who funds New Markets Tax Credit Program?

New Markets Tax Credit Program is funded by U.S. Department of the Treasury. Verify program details on the funder's official page before applying.

How do I apply for New Markets Tax Credit Program?

Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.

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