Communities across four states will experience an increase in affordable homeownership opportunities with the support of New Markets Tax Credit (NMTC) allocation from Housing Partnership Network (HPN). This NMTC transaction, which closed on August 6, 2025, will result in the development of 86 affordable homes by HPN member organizations Indianapolis Neighborhood Housing Partnership, The [...]

UPDATE: In July 2025, New Markets Tax Credits were made a permanent part of the U.S. tax code! NMTCs have proven to be an effective tool for increasing access to affordable homeownership, but despite its history of success, in 2024, less than 2% of the $5 billion of NMTCs awarded by the CDFI Fund was for affordable homeownership development.

New homeownership opportunities are on the horizon for communities in three states with the support of NMTC allocation from The Housing Partnership Network, Inc.: Affordable Homes of South Texas, Inc., Atlanta Neighborhood Development Partnership, Inc., and Homewise, Inc.

Three nonprofit developers are now receiving a boost to their affordable homeownership work with the support of New Markets Tax Credits (NMTCs) provided by Harbor Bankshares Corporation. The $12,000,000 NMTC transaction that closed on April 3, 2025, will result in the development of 54 for-sale homes by Habitat for Humanity of the Chesapeake in [...]

On March 27, 2025, Community Housing Capital deployed $40MM in New Markets Tax Credit loans to 5 nonprofit developers in Georgia, Indiana, Minnesota, New York, and Texas to develop a total of 148 homes for affordable homeownership.

Neighborhood Housing Services of Baltimore's Mondawmin Rowhome Project has been nominated for the Novogradac Journal of Tax Credits' 2025 Community Development QLICIs of the Year Award in the Real Estate category.