Independent Report Finds New Markets Tax Credit Program Exceeds Goals, Spurs Economic Growth in Distressed Communities

A new independent report commissioned by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) found that the New Markets Tax Credit (NMTC) Program is meeting and exceeding program and compliance requirements and continuing to attract job-creating investments in economically distressed communities. Fund Director Annie Donovan hailed the NMTC program for[…]