In 2025, Smith NMTC partnered with five Community Development Entities (CDEs) to close $129.25 million in NMTCs for homeownership — a new company record for annual QEI impact! As our team advances into the next season of utilizing New Markets Tax Credits for homeownership, we’re elevating stories of innovation and impact.
A new center for economic growth in St. Louis County is getting a boost from New Markets Tax Credits. In December, HRIF, a subsidiary of STL Partnership, deployed a $10 million NMTC allocation toward the development of the Urban League Plaza in Dellwood, Missouri.
USBCDE LLC has deployed $7 million in New Markets Tax Credits to support affordable homeownership projects in two states: 40 total new homes will be developed by Green Country Habitat for Humanity, Inc. in Tulsa, OK and United Housing, Inc. in Memphis, TN.
On Tuesday, December 23, 2025, the Community Development Financial [...]
On Tuesday, December 23, 2025, the Community Development Financial [...]
Communities across four states will experience an increase in [...]
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.
Affordable homeownership opportunities are coming to two communities in the Los Angeles metro area -- Baldwin Park and El Sereno, with support from New Markets Tax Credits (NMTCs).
Three nonprofit developers are now receiving a boost to [...]
