New Markets Tax Credits
New Markets Tax Credits (NMTC) are a useful tool that LISC offers to financial institutions lending in urban markets. Enabled federally in 2003, the credit works to bridge gaps in commercial development lending in distressed areas. LISC, as a designated Community Development Financial Institution (CDFI) and Community Development Entity (CDE), can apply its credits to a project, co-lend to a project utilizing the credit, or make equity investments in a project triggering the credit.

In 2008, National LISC received an $80 million NMTC allocation that is available to LISC sites around the country. This successful effort is yet another example of National LISC leveraging support to revitalize local communities.

Visit the The Natinoal LISC NMTC website

NMTC Program Summary

The Basics of NMTC and Frequently Asked Questions

To inquire about NMTC opportunities in the Kansas City area,
contact John Wood, Senior Program Officer for Lending & Underwriting.