The New Market Tax Credit Program is administered by the Community Development Financial Institutions Fund, a Department of U.S. Treasury. It provides tax credit incentives to investors for investments in Certified Community Development Entities, which then invest in projects in distressed communities. In 2009, the SBA Loan Fund received a $50 million NMTC allocation. The deployment of this allocation was undertaken in partnership with a large diversified financial institution through 4 closed-end funds, which are currently closed to new investors. These investments allowed for the creation of 612 permanent jobs by the businesses financed.
NMTC Loan Profiles
The loans profiled on this website are current holdings of the NMTC Investments. The loans highlighted may not be the highest performing loans, but a sampling of small business loans with an impact story. The loans mentioned do not necessarily represent all of the loans held by NMTC and investor should not assume that the loans identified and profiled were or will be profitable. A complete list of holdings for NMTC can be provided by contacting Solomon Hess Capital Management.