Projects
Smith NMTC Associates, LLC has structured and facilitated dozens of transactions nationwide to deploy over $900M in New Markets Tax Credits (NMTCs). Our work is designed to benefit low-income communities by spurring economic revitalization through financing models that meet the needs of our clients.
We work with clients to access New Markets Tax Credits, sourcing investors and other funding, structuring transactions, facilitating closings, and managing post-closing compliance and accounting throughout the 7-year compliance period. Smith NMTC Associates staff include accountants, MBAs, and attorneys to help nonprofits navigate these complex transactions.
affordable homeownership
We believe deeply in the power of homeownership and its transformative ability to create sustainable improvement in the lives of low-income families across the country.
Since Smith NMTC pioneered the first NMTC model for homeownership in 2008, the company has deployed more than $760M to 160 homeownership projects, in collaboration with 24 CDEs, resulting in 6,100+ homes in low-income communities across 33 states and the District of Columbia.
community service facilities
We partner with nonprofits throughout the country to develop and fund community service facilities that have enriched low-income communities and empowered their residents.
Smith NMTC has closed 18 community service facility projects with 13 CDEs across four states to deploy more than $150M in NMTC allocation. Projects include early childhood education centers, youth camps, nonprofit organization headquarters, community facilities, and hunger relief organizations.