With the support of New Markets Tax Credits, Champlain Housing Trust is creating 30 permanently affordable condominium homes for sale to low-income households in Burlington, helping address one of Vermont's most pressing challenges: access to affordable homeownership.
Communities across four states will experience an increase in affordable [...]
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.
Three nonprofit developers are now receiving a boost to [...]
