• Panel on housing at upcoming Novogradac NMTCs Conference

    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.

  • Carter Work Project site bolstered by $9.25 million New Markets Tax Credit loan

    Twin Cities Habitat for Humanity (TCHFH) is the host of this year’s Jimmy & Rosalynn Carter Work Project, which will take place September 29 through October 4 in Minnesota and result in the construction of 30 homes. Twenty-three of the homes will be funded by New Markets Tax Credit (NMTC) loans to TCHFH affiliate Habitat [...]

  • $60 Million NMTC Allocation awarded to Smith NMTC partner, Housing Partnership Network

    The Community Development Financial Institutions (CDFI) Fund has announced the award of $5 billion in New Markets Tax Credit (NMTC) authority for the calendar year 2023 allocation round. The Housing Partnership Network, Inc. (HPN), a Community Development Entity (CDE) partner of Smith NMTC, has received a $60 million NMTC allocation—its largest award to date!—that will [...]

  • $40 Million NMTC Allocation awarded to Smith NMTC partner, Community Housing Capital

    The Community Development Financial Institutions (CDFI) Fund has announced the award of $5 billion in New Markets Tax Credit (NMTC) authority for the calendar year 2023 allocation round. Community Housing Capital (CHC), a Community Development Entity (CDE) partner of Smith NMTC, has received a $40 million NMTC allocation—its largest award to date!—that will support investments [...]

  • Comparing Use of the New Markets Tax Credit (NMTC) Program for Affordable Homeownership to Other Tax Credits

    Access to affordable housing is extremely scarce in the United States. Homeownership is nearly impossible for most low- and middle-income families, with home prices far outpacing family incomes. Without access to affordable homeownership, Americans—particularly Black and brown families—miss out on critical opportunities to build intergenerational wealth, grow neighborhood roots, and experience stronger health outcomes. To [...]

  • Making Homeownership Possible in New Mexico with Homewise

    The best thing about our work at Smith NMTC is that it enables us to partner with some of the most effective and prolific nonprofit for-sale housing developers in the country. Today, we’re featuring client stories from Homewise, a New Mexico-based nonprofit 501(c)(3) organization with a mission to create successful homeowners and strengthen neighborhoods so [...]

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