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.
Communities across four states will experience an increase in [...]
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.
New homeownership opportunities are on the horizon for communities in three states with the support of NMTC allocation from The Housing Partnership Network, Inc.: Affordable Homes of South Texas, Inc., Atlanta Neighborhood Development Partnership, Inc., and Homewise, Inc.
Three nonprofit developers are now receiving a boost to [...]
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.
