A new center for economic growth in St. Louis County is getting a boost from New Markets Tax Credits. In December, HRIF, a subsidiary of STL Partnership, deployed a $10 million NMTC allocation toward the development of the Urban League Plaza in Dellwood, Missouri.
USBCDE LLC has deployed $7 million in New Markets Tax Credits to support affordable homeownership projects in two states: 40 total new homes will be developed by Green Country Habitat for Humanity, Inc. in Tulsa, OK and United Housing, Inc. in Memphis, TN.
On Tuesday, December 23, 2025, the Community Development Financial [...]
On Tuesday, December 23, 2025, the Community Development Financial [...]
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.
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.
Twin Cities Habitat for Humanity (TCHFH) is the host of [...]
The Community Development Financial Institutions (CDFI) Fund has announced the [...]
The Community Development Financial Institutions (CDFI) Fund has announced the [...]
A total of 81 homes are planned to be built [...]
