New Markets Tax Credits
Vermont receives $30 million in NMTCs
Vermont Rural Ventures will receive $30 million in New Markets Tax Credits to develop affordable housing and stimulate economic growth in Vermont. Read more about Vermont's NMTC funding ...
The New Markets Tax Credit (NMTC) Program permits taxpayers to receive a credit against Federal income taxes for making qualified equity investments in designated Community Development Entities (CDEs). Substantially all of the qualified equity investment must in turn be used by the CDE to provide investments in low-income communities, including but not limited to affordable housing.
For information on available funding, application timeframes, and other details, go to the Department of Treasury's website on NMTCs.
Vermont Housing Finance Agency does not administer nor allocate NMTCs.
For more information, contact one of the CDEs in Vermont. An up-to-date listing of CDEs in Vermont is available online at the bottom of the Treasury's Web page.
Another resource to contact is Coastal Enterprises Inc., a regional leader in NMTCs that has an online map of the NMTC-eligible areas in Vermont.
