New Markets For Native Communities
What is the New Markets Tax Credit Program?
The New Markets Tax Credit (NMTC) Program stimulates economic and community development and job creation in low-income communities throughout the nation by attracting investment capital from the private sector.
The NMTC Program was created in December 2000 and is administered by the United States Department of the Treasury’s Community Development Financial Institution (CDFI) Fund. The NMTC Program provides an incentive of a tax credit to individuals or corporations who make investments in low-income or distressed communities.
Oweesta’s New Markets for Native Communities
Oweesta can help your Native organization access the NMTC Program. Acting as a consultant, partner, and resource, we can assist you in all stages of the transaction, providing guidance and expertise from project inception to completion. Oweesta’s New Markets for Native Communities program can attract additional investors, obtain lower costs of funds, and provide equity for your qualified community development projects. Our New Markets for Native Communities program can help your organization:
• Determine if your project qualifies to receive NMTC investments
• Explain the benefits of NMTCs to potential investors and stakeholders
• Gain access to development funds at reasonable rates
• Structure a NMTC deal that best fits your project
• Structure transactions
• Analyze community impacts of your NMTC Project
