The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2017. Nearly 70 percent of NMTC investments made through 2017 have been concentrated in single/mixed-use real estate, health care and social assistance, manufacturing, and educational services. The Summary Report also documents the geographic distribution of NMTC investments by region, the extent that Community Development Entities (CDEs) go beyond the minimum statutory distress requirements of the NMTC Program by committing to serve areas of higher distress, rural areas or targeted populations, and that CDEs leverage the NMTC to offer financing with flexible or non-traditional rates and terms.
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