Lending
Shawn Poynter / There Is More Work To Be Done
Shawn Poynter / There Is More Work To Be Done
Materials Posted: NMTCs for Affordable Homeownership Webinars
Learn about the New Markets Tax Credits (NMTC) program and using NMTCs for Affordable Homeownership Projects.
Since 2008, NMTCs have been successfully used for affordable homeownership projects. To date, more than $850 million in NMTC loans have been invested toward the development of 7,436 affordable homes for-sale to low- and moderate-income homebuyers.
NMTCs generate flexible financing, including a portion that does not have to be repaid which can bring significant net benefit homeownership projects and sponsors. This equity and subsidy generated can be used to address market gaps, create additional affordability, or increase the capacity of nonprofit developers.
Housing Assistance Council will be applying to the CDFI Fund for NMTCs during the 2026 award round, which is expected to open this fall. HAC’s NMTC program will target rural affordable homeownership projects, to increase access to NMTC benefits in rural communities. We need your help to build a robust pipeline of projects.
Below is a summary about program eligibility and participation, put together by Smith NMTC Associates, LLC, NMTC experts who created the NMTC homeownership model and Housing Assistance Council’s partner in managing HAC’s new NMTC program. Feel free to contact Donna Smith directly at dasmith@smithnmtc.com or 314-974-7858 with NMTC questions.
HAC Pipeline Outreach NMTC One-Pager
Photo by Adam Robison, the Daily Journal.
