New Markets Tax Credit Program

Eligibility Requirements

• 1Investments must be located in census tracts where the poverty rate exceeds 20% or the median family income falls below 80% of the area median
• 2At least 50 percent of the total gross income of any business must be derived from the active conduct of its business within any Qualified Low Income Community
• 3Applicant must be a certified Community Development Entity (CDE)
• 4Projects must commit to quantifiable outcomes such as job creation, provision of community goods and services, affordable housing

Eligible Project Types