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.

In 2024, the Smith NMTC team facilitated 5 closings deploying over $63 million in NMTC allocation for 8 projects across 7 states! The success of this past year builds on 16 years of experience in NMTCs. Since 2008, Smith NMTC has deployed over $780M in NMTC allocation to fund 161 projects in over 32 states—including $631.5 million for affordable homeownership that has resulted in over 5,500 homes.

Smith NMTC General Council and Vice President Jill M. Gilbert will be joining a panel of experts for a session focused on Using NMTCs to Build Housing at Novogradac & Company's 2024 Fall New Markets Tax Credit Conference in New Orleans, October 24-25.