Housing Partnership Network deploys $33M in New Markets Tax Credits for homeownership development
Communities across four states will experience an increase in [...]
Why NMTCs for affordable homeownership?
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.
$12M NMTC investment fuels 3 affordable homeownership projects in 2 states
Three nonprofit developers are now receiving a boost to [...]