Part B · Startup-relevant scheme
New Markets Tax Credit Program (NMTC)
US Department of the Treasury (CDFI Fund) / IRS
Other
Growth / Scaling
NMTC gives investors a federal tax credit (39% of their investment over 7 years) for equity investments in certified Community Development Entities (CDEs), which then lend to or invest in businesses in low-income communities.
Type of support
Other
Best suited for
Growth
Headline amount
Below-market financing via a CDE
How much
Indirect — via a CDE in a qualifying tract
Objectives
Encourage private capital investment in impoverished, low-income communities that otherwise struggle to attract conventional financing.
Who can apply?
- A business benefits by being located in, and getting financing from, a CDE operating in a qualifying low-income census tract.
- $10 billion in allocation authority was available for the combined CY2024-2025 round.
What do you get?
- Below-market financing terms are common since CDEs pass along some of the investor tax benefit.
- Can fund business loans, real estate, and other qualified low-income community investments.
How to apply
Identify a CDE operating in your low-income census tract and inquire about financing — the CDFI Fund publishes a list of allocatees.
Key links
Details as most recently confirmed against the official source linked above. Deadlines, amounts and windows change — verify on the official portal before applying.