Projects

Smith NMTC believes in the power of homeownership to change the personal fortunes and futures of American families and to restore long-term economic equity to our communities. Working with multiple nonprofit affordable homeownership developers throughout the country, we have helped to create thousands of homeowner families. Research shows that in addition to generating wealth for families, homeownership leads to better educational outcomes for homeowners’ children, more disposable income that is reinvested in local businesses, and a sense of pride in home and neighborhood that lifts the community as well. Homeownership benefits distressed communities by adding to the tax base, raising market rates, providing housing for local employees, beautifying neighborhoods, and sustaining those efforts with committed, engaged and proud homeowners.

Smith NMTC has worked with nonprofits throughout the country to develop and fund community service facilities that have enriched low-income communities and empowered their residents. Often, we use New Market Tax Credits as part of the capital stack. We assist with accessing credits, sourcing investors and other funding, structuring transactions, facilitating closings, and managing post-closing compliance and accounting during the 7-year compliance period. Smith NMTC Associates staff include accountants, MBAs, and attorneys to help nonprofits navigate complex transactions and funding.