The NMTC Coalition’s annual report on the loans, investments, and community impact of the New Markets Tax Credit.

Over the past 25 years, the NMTC has become an important tool for increasing the supply of housing, especially in places where the private market is not producing enough homes on its own, where development costs are high, where rents and home prices have risen faster than local incomes, or where older buildings and disinvested commercial corridors need new investment.