New Markets Tax Credits for Affordable Homeownership
New Markets Tax Credits for Affordable Homeownership
Smith NMTC Associates is the nation’s leading NMTC consulting firm specializing in affordable for-sale housing. We help CDEs and nonprofit housing developers use New Markets Tax Credits to build and rehabilitate homes for families who need them most.
Our Impact
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CDE Partners
We believe in the power of homeownership as a catalyst for positive change and tool for equitable economic development.
Utilizing over $900 million in New Markets Tax Credits (NMTCs) and other financing tools, we have impacted low-income communities in more than 30 states.
We work in collaboration with nonprofit organizations, developers, lenders, investors, Community Development Entities (CDEs), government agencies, and other partners to structure and facilitate tax credit transactions using strategic models which create new homeownership opportunities, access to community and commercial services, and jobs in low-income communities.
A model for neighborhood renewal
Two lawyers have helped build thousands of affordable houses in 30 cities using an obscure federal tax incentive
