LISC National
What We Do

New Markets Tax Credits

The New Markets Tax Credit (NMTC) program attracts investment capital into low-income neighborhoods to spur economic growth and community development. We've managed LISC's NMTC program since the creation of the program, closing more than $1 billion in NMTC allocation for 136 projects across the country. From Providence to Los Angeles and Chicago to San Antonio, our projects drive investment into low-income communities across the country, creating new jobs for residents, revitalizing neighborhoods, and addressing critical local needs.

LISC provided $9.2 million in New Markets Tax Credits to CityLink Center to develop an 84,500 SF community campus. The campus is home to 15 social service agencies in Cincinnati that serve more than 900 clients annually.
LISC provided $11 million in NMTC allocation to help Houston Food Bank acquire and rehabilitate three buildings. The new facility quadruples the food bank's size, allowing it to serve 59 million nutritious meals annually.
LISC NMTC financing helped to rehabilitate four historic buildings in downtown Kalamazoo into a mixed-use development with 24 housing units and 11,300 SF of retail space.

NMTC financing overcomes financing obstacles to constructing and rehabilitating facilities in disinvested communities by providing a modest federal tax credit to private investors - helping to breathe new life into empty lots, bring health clinics to medically underserved areas, energize commercial corridors, encourage business development, and more. 

Created in 2000 and administered by the U.S. Treasury Department, the NMTC program has financed more than 5,400 businesses, helped create and retain 197,000 jobs, and supported 178 million square feet of manufacturing, office, and retail space. For every $1 of cost to the government, NMTCs generate $8 in private investment. And in 2012, NMTC investments created $984 million in federal tax revenue.