New Markets Tax Credits
Program overview
The New Markets Tax Credits (NMTC) program is a federal initiative designed to spur private investment and provide gap financing for commercial projects located in eligible low-income communities. The program is administered by the Community Development Financial Institution (CDFI) Fund, a division of the US Department of Treasury, and is a public-private partnership between the federal government and the private sector. NMTC investments support projects that provide critical services to and/or create quality, accessible jobs for low-income households.
Financing for clients typically takes the form of low-interest, interest-only term debt that may not have to be fully repaid. Financing can be used for construction, equipment purchases, soft costs, working capital, and more.
Access to NMTC subsidy is highly competitive. Regions’ team experts can help clients confirm the eligibility of their projects, guide them through a complex application process, and position projects seeking subsidy for success.
Áreas de interés
Through its NMTC platform, Regions makes investments to support a wide range of industries:
- Manufacturas
- Educación
- Atención de la salud
- Community services
- Healthy foods
Additional program information
There are several criteria that need to be met in order for projects to qualify for NMTC financing. For the most up to date information on qualification, connect with a Regions NMTC team member, or refer to the CDFI Fund’s NMTC program website.
Regions New Markets Tax Credits team
Steve Ross - Team Lead
Steve.Ross@regions.com
Courtney Nolan - Relationship Manager
Courtney.Nolan@regions.com
Katia Izyumova - Relationship Manager
Katia.Izyumova@regions.com
Karen Song - Portfolio and Asset Manager
Karen.Song@regions.com
Regions NMTC investments at work
Solugen: Transforming the chemical industry
Regions New Markets Tax Credits investments fuel growth in Houston that could impact the world. Read how Solugen's Nobel prize-winning team of scientists has set out to radically transform the chemicals industry.
Children’s Crisis Center: Miami’s first stand-alone mental health facility for youth
New Markets Tax Credits provide capital for Miami’s first free-standing mental health facility for children and adolescents. Learn how the Children’s Crisis Center will care for and treat 1,000 children – 24 hours per day – by 2025.