New Markets Tax Credits
The New Markets Tax Credit (NMTC) enables us to leverage sustainable and efficient private sector investment for economic revitalization in low-income communities, magnifying the impact of available assets and expanding our reach far beyond our original urban environs.
NMTC is a federal program designed to promote private capital investment that creates jobs and development in highly distressed urban and rural areas. Boston Community Managed Assets (BCMA) administers the investment of our six New Markets Tax Credits allocations, totaling $428 million. These investments have a national footprint, with loans from Maine to Florida, Louisiana to Washington’s Olympic Peninsula.
Related
Stewarding Sustainable Forests
BCC has invested over $348 million in distressed communities through the New Markets Tax Credit (NMTC) program. A NMTC loan from BCC helped preserve nearly a million acres of rural Maine as sustainable forest, along with 300 related at-risk forest-product jobs, and supported conservation easements and new eco-tourism businesses.
