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 Institutions (CDFI) Fund announced the award of $10 billion in New Markets Tax Credit (NMTC) authority for the 2024/2025 double allocation round. Community Housing Capital (CHC), a Community Development Entity (CDE) partner of Smith NMTC, has received an $85 million NMTC allocation—its largest award to [...]

On Tuesday, December 23, 2025, the Community Development Financial Institutions (CDFI) Fund announced the award of $10 billion in New Markets Tax Credit (NMTC) authority for the 2024/2025 double allocation round. The Housing Partnership Network, Inc. (HPN), a Community Development Entity (CDE) partner of Smith NMTC, has received a $70 million NMTC allocation—its largest [...]

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.