NMTC Program

The New Markets Tax Credit (NMTC) was created by Congress to address the lack of capital available to business and community development ventures in federally defined tracts throughout the country. The census tracts qualify by being designated as either economically distressed or as areas of population loss and outmigration. The NMTC provides the incentive of a 39% federal tax credit to qualifying investors.

Eligible census tracks are based on the 2006-2010 American Community Survey (ACS) data on income and poverty which is being used to determine eligibility.

1.

Be located in an eligible census track, based on the 2006-2010 American Community Survey (ACS) data on income and poverty. View access maps detailing qualifying census tracts throughout Iowa.

2.

Be transformational in nature

3.

Create jobs and be located in a low income census tract.

Using 2006 – 2010 ACS Data via PolicyMap.

The data presented in the map is provided as a reference, and the validity of the data cannot be guaranteed. All data should be verified with the CDFI Fund web site before using it in the decision making process.