{"id":4489,"date":"2023-06-09T15:13:37","date_gmt":"2023-06-09T15:13:37","guid":{"rendered":"https:\/\/www.liifund.org\/?page_id=4489"},"modified":"2024-05-15T12:54:39","modified_gmt":"2024-05-15T12:54:39","slug":"new-markets-tax-credit","status":"publish","type":"page","link":"https:\/\/www.liifund.org\/strategic-priorities\/lending-tools\/new-markets-tax-credit\/","title":{"rendered":"New Markets Tax Credit"},"content":{"rendered":"<section class=\"wp-block-hero\">\n  \n     \n      <header class=\"bg-blue-deep text-white overflow-hidden\">\n    <div class=\"md:grid md:grid-cols-2 md:gap-12 xl:gap-32 container 3xl:min-h-[75vh]\">\n        <div class=\"flex flex-col h-full\">\n            <nav aria-label=\"Breadcrumbs\" class=\"breadcrumbs font-medium py-6 \">\n    <div class=\"hidden sm:block md:hidden lg:block\">\n      <ul><li class='inline ' >\n                <a\n  href=\"https:\/\/www.liifund.org\/\" target=\"_self\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-transparent text-white focus:border-white py-1.5 px-2 rounded\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M1.27129 9.44262C1.47168 9.64302 1.74477 9.72492 2.02245 9.68771C2.42477 9.62893 2.72187 9.22876 2.71777 8.77481L2.67065 3.55442L11.3506 12.2344C11.6884 12.5722 12.2274 12.5714 12.5536 12.2452C12.8797 11.9191 12.8748 11.3744 12.5427 11.0423L4.07459 2.57417L9.39712 2.62222C9.64679 2.62447 9.88409 2.51313 10.047 2.32737C10.2097 2.13025 10.2757 1.89254 10.2279 1.63111C10.2038 1.47203 10.123 1.32378 10.0028 1.20354C9.81955 1.02032 9.56896 0.915931 9.30231 0.919198L1.59656 0.849637C1.23341 0.846358 0.941004 1.13876 0.949905 1.4963L1.01619 8.83889C1.01824 9.06586 1.11097 9.28231 1.27129 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all group-hover:decoration-current\">\n    Home\n  <\/span>\n\n  \n  <\/a>\n\n            <\/li><\/ul>\n    <\/div>\n\n    \n          <a\n  href=\"https:\/\/www.liifund.org\/strategic-priorities\/lending-tools\/\" target=\"_self\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-transparent text-white focus:border-white py-1.5 px-2 rounded sm:hidden md:inline-flex lg:hidden\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"13\" height=\"13\" viewBox=\"0 0 13 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M1.27129 9.44262C1.47168 9.64302 1.74477 9.72492 2.02245 9.68771C2.42477 9.62893 2.72187 9.22876 2.71777 8.77481L2.67065 3.55442L11.3506 12.2344C11.6884 12.5722 12.2274 12.5714 12.5536 12.2452C12.8797 11.9191 12.8748 11.3744 12.5427 11.0423L4.07459 2.57417L9.39712 2.62222C9.64679 2.62447 9.88409 2.51313 10.047 2.32737C10.2097 2.13025 10.2757 1.89254 10.2279 1.63111C10.2038 1.47203 10.123 1.32378 10.0028 1.20354C9.81955 1.02032 9.56896 0.915931 9.30231 0.919198L1.59656 0.849637C1.23341 0.846358 0.941004 1.13876 0.949905 1.4963L1.01619 8.83889C1.01824 9.06586 1.11097 9.28231 1.27129 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all group-hover:decoration-current\">\n    Lending Tools\n  <\/span>\n\n  \n  <\/a>\n \n    \n  <\/nav>\n\n            <div class=\"pb-8 lg:py-24 md:mt-auto\">\n                                    <h1 class=\"uppercase font-heading leading-none text-5xl font-weight-450 xl:text-7xl tracking-1 mb-4\">\n                        New Markets Tax Credit\n                    <\/h1>\n                                                    <div class=\"font-normal lg:font-light lg:text-lg xl:text-xl leading-normal lg:leading-snug tracking-1 lg:-tracking-1\">\n                        <p>NMTCs can help your project succeed, from early care and education centers or charter schools to affordable housing or federally qualified health centers.<\/p>\n\n                    <\/div>\n                \n                                    <a\n  href=\"mailto:nmtc@liifund.org\" target=\"_blank\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-white bg-white text-neutral-deep\n                    hover:bg-neutral-mid-light\n                    group-hover:decoration-current\n                    focus:bg-white focus:border-neutral-deep\n                    active:text-white active:border-neutral-deep active:bg-neutral focus:shadow-btn py-2.5 px-6 rounded my-4 w-full sm:w-auto\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M11.5277 9.44262C11.3273 9.64302 11.0543 9.72492 10.7766 9.68771C10.3743 9.62893 10.0772 9.22876 10.0813 8.77481L10.1284 3.55442L1.44843 12.2344C1.11062 12.5722 0.571609 12.5714 0.245468 12.2452C-0.0806728 11.9191 -0.0757554 11.3744 0.256327 11.0423L8.72443 2.57417L3.4019 2.62222C3.15223 2.62447 2.91493 2.51313 2.75207 2.32737C2.58931 2.13025 2.52336 1.89254 2.57112 1.63111C2.59525 1.47203 2.67602 1.32378 2.79626 1.20354C2.97947 1.02032 3.23007 0.915931 3.49671 0.919198L11.2025 0.849637C11.5656 0.846358 11.858 1.13876 11.8491 1.4963L11.7828 8.83889C11.7808 9.06586 11.6881 9.28231 11.5277 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all\">\n    Email nmtc@liifund.org\n  <\/span>\n\n  \n  <\/a>\n                            <\/div>\n        <\/div>\n        <div class=\"relative hidden md:block\">\n                            <img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids.jpg\" class=\"absolute left-0 top-0 bottom-0 max-w-none w-[calc(50vw-24px)] xl:w-[calc(50vw-64px)] object-center object-cover h-full\" alt=\"\" sizes=\"auto, (min-width 768px) 50vw, 100vw\" style=\"object-position: 20% 50%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids.jpg 1200w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids-300x200.jpg 300w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids-1024x683.jpg 1024w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids-768x512.jpg 768w\" \/>\n                        <div class=\"absolute w-[calc(50vw-24px)] xl:w-[calc(50vw-64px)] inset-0 h-full bg-overlay-brand-gradient-liif\"><\/div>\n        <\/div>\n    <\/div>\n    <div class=\"md:hidden relative\">\n                    <img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids.jpg\" class=\"object-center object-cover w-full h-full md:hidden relative\" alt=\"\" style=\"object-position: 20% 50%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids.jpg 1200w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids-300x200.jpg 300w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids-1024x683.jpg 1024w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/ECE-Provider-and-Kids-768x512.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/>\n                <div class=\"absolute inset-0 w-full h-full bg-overlay-brand-gradient-liif transform rotate-180\"><\/div>\n    <\/div>\n    \n    <div class=\"absolute bottom-0 right-0 flex justify-end p-8 md:px-16 hidden\" x-data=\"scrollTo\">\n        <button class=\"flex items-center text-white font-sans font-medium -tracking-2\" @click=\"scrollTo\">\n            Scroll\n            <span\n            class=\"ml-4 flex items-center justify-center bg-teal-light text-neutral-deep w-10 h-10 rounded-full\">\n            <svg aria-hidden=\"true\" class=\"fill-current\" width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t<path d=\"M0 9.92487C1.21662e-08 9.64654 0.135189 9.40002 0.357853 9.23302C0.683896 8.99445 1.17694 9.06602 1.49503 9.38411L5.15308 13.0422L5.15308 0.986497C5.15308 0.517312 5.53479 0.143555 5.99602 0.143555C6.45726 0.143555 6.83897 0.525264 6.83897 0.986497L6.83897 12.7479L10.5686 9.01831C10.7435 8.84336 10.9901 8.75588 11.2366 8.77179C11.4911 8.79564 11.7058 8.91493 11.8569 9.12964C11.9523 9.25688 12 9.41592 12 9.58292C12 9.83739 11.8966 10.0839 11.7058 10.2668L6.30616 15.6664C6.05169 15.9209 5.63817 15.9209 5.39165 15.6664L0.246521 10.5213C0.0874755 10.3622 -9.73295e-09 10.1475 0 9.92487Z\" fill=\"currentColor\" \/>\n<\/svg>            <\/span>\n        <\/button>\n    <\/div>\n<\/header>\n        \n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-two-column-intro relative twoColumnIntroParallax overflow-hidden bg-neutral-light\"\n  x-data=\"twoColumnIntroParallax\">\n    <div class=\"border-b-4 border-neutral-mid-light\">\n    <div class=\"container py-8 md:py-16\">\n      <h2 class=\"title-lg uppercase text-center\">LIIF has over time secured and deployed over $500 million of NMTC allocation<\/h2>\n    <\/div>\n  <\/div>\n    <div class=\"container py-8 md:pt-16 md:pb-16 relative\">\n      <div class=\"flex flex-wrap md:flex-nowrap md:-mx-8 relative z-10\">\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8\">\n                      <h2 class=\"headline-2xl mb-4 text-blue\">The power of the NMTC program is clear. LIIF has  expertise structuring NMTC projects since 2007.<\/h2>\n              <\/div>\n      <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8\">\n                  <div class=\"prose-lg\">\n            <p>The NMTC program provides below-market rate, patient financing that can enhance project viability through:<\/p>\n<ul>\n<li>Lower interest rates<\/li>\n<li>Increased debt capacity<\/li>\n<li>Longer repayment terms<\/li>\n<li>Long-term permanent subsidy<\/li>\n<\/ul>\n<p>This leads to more resilient facilities, expanded services, heightened community impact and stronger operating sustainability long term.<\/p>\n<p>&nbsp;<\/p>\n\n          <\/div>\n                                          <div class=\"flex flex-row flex-wrap -mx-4 mt-4\">\n                          <div class=\"px-4 mt-4 w-full md:w-auto\">\n                <a\n  href=\"https:\/\/www.linkedin.com\/pulse\/blackburn-centers-innovative-approach-tackling-poverty-amir-ali-cfa\/?trackingId=JIg5PGWATyqiXtXKjwAKyQ%3D%3D\" target=\"_blank\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 bg-blue text-white\n                    border-blue active:text-white active:border-blue-deep active:bg-blue\n                    hover:bg-blue-light hover:border-blue-light\n                    focus:bg-blue-light focus:border-white focus:shadow-btn py-2.5 px-6 rounded w-full\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M11.5277 9.44262C11.3273 9.64302 11.0543 9.72492 10.7766 9.68771C10.3743 9.62893 10.0772 9.22876 10.0813 8.77481L10.1284 3.55442L1.44843 12.2344C1.11062 12.5722 0.571609 12.5714 0.245468 12.2452C-0.0806728 11.9191 -0.0757554 11.3744 0.256327 11.0423L8.72443 2.57417L3.4019 2.62222C3.15223 2.62447 2.91493 2.51313 2.75207 2.32737C2.58931 2.13025 2.52336 1.89254 2.57112 1.63111C2.59525 1.47203 2.67602 1.32378 2.79626 1.20354C2.97947 1.02032 3.23007 0.915931 3.49671 0.919198L11.2025 0.849637C11.5656 0.846358 11.858 1.13876 11.8491 1.4963L11.7828 8.83889C11.7808 9.06586 11.6881 9.28231 11.5277 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all\">\n    Read about Blackburn Center NMTC deal\n  <\/span>\n\n  \n  <\/a>\n              <\/div>\n                                  <\/div>\n              <\/div>\n    <\/div>\n\n        <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-core-pullquote\"><div class=\"container\">\n<figure class=\"wp-block-pullquote\"><blockquote class=\"relative px-5\"><svg aria-hidden=\"true\" class=\"fill-current text-neutral-deep\/20 absolute top-0 left-0 -translate-x-full -translate-y-1\/2 ml-2 md:ml-0 w-8 md:w-12 h-auto\" width=\"48\" height=\"40\" viewBox=\"0 0 48 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t<path d=\"M12.2474 40C9.93814 40 7.83505 39.3237 5.93814 37.971C4.12371 36.5217 2.68041 34.5894 1.60825 32.1739C0.536082 29.6618 0 26.8116 0 23.6232C0 21.1111 0.453608 18.6473 1.36082 16.2319C2.26804 13.8164 3.50515 11.5459 5.07216 9.42029C6.72165 7.29469 8.61856 5.41063 10.7629 3.76812C12.9072 2.12561 15.2165 0.869565 17.6907 0L22.3918 6.66667C19.1753 8.4058 16.5361 10.3865 14.4742 12.6087C12.4124 14.8309 11.3814 16.7633 11.3814 18.4058C11.3814 19.6618 11.835 20.773 12.7423 21.7391C13.6495 22.7053 14.4742 23.5749 15.2165 24.3478C17.0309 26.087 18.2268 27.5362 18.8041 28.6957C19.4639 29.8551 19.7938 31.0628 19.7938 32.3188C19.7938 34.6377 19.0928 36.5217 17.6907 37.971C16.2887 39.3237 14.4742 40 12.2474 40ZM37.8557 40C35.5464 40 33.4433 39.3237 31.5464 37.971C29.732 36.5217 28.2887 34.5894 27.2165 32.1739C26.1443 29.6618 25.6082 26.8116 25.6082 23.6232C25.6082 21.1111 26.0619 18.6473 26.9691 16.2319C27.8763 13.8164 29.1134 11.5459 30.6804 9.42029C32.3299 7.29469 34.2268 5.41063 36.3711 3.76812C38.5155 2.12561 40.8247 0.869565 43.299 0L48 6.66667C44.7835 8.4058 42.1443 10.3865 40.0825 12.6087C38.0206 14.8309 36.9897 16.7633 36.9897 18.4058C36.9897 19.6618 37.4433 20.773 38.3505 21.7391C39.2577 22.7053 40.0825 23.5749 40.8247 24.3478C42.6392 26.087 43.835 27.5362 44.4124 28.6957C45.0722 29.8551 45.4021 31.0628 45.4021 32.3188C45.4021 34.6377 44.701 36.5217 43.299 37.971C41.8969 39.3237 40.0825 40 37.8557 40Z\" fill=\"currentColor\" \/>\n<\/svg><p>Our goal with NMTC is to drive meaningful change in low-income communities. We&#8217;re committed to supporting projects that have a real impact on people&#8217;s lives. It&#8217;s about crafting the right financial solutions that align with your vision and catalyze positive community transformation.<\/p><svg aria-hidden=\"true\" class=\"fill-current text-neutral-deep\/20 absolute bottom-0 right-0 translate-x-full translate-y-1\/2 mr-2 md:mr-0 w-8 md:w-12 h-auto\" width=\"48\" height=\"40\" viewBox=\"0 0 48 40\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t<path d=\"M35.7526 40C38.0619 40 40.1649 39.3237 42.0619 37.971C43.8763 36.5217 45.3196 34.5894 46.3918 32.1739C47.4639 29.6618 48 26.8116 48 23.6232C48 21.1111 47.5464 18.6473 46.6392 16.2319C45.732 13.8164 44.4948 11.5459 42.9278 9.42029C41.2784 7.29469 39.3814 5.41063 37.2371 3.76812C35.0928 2.12561 32.7835 0.869565 30.3093 0L25.6082 6.66667C28.8247 8.4058 31.4639 10.3865 33.5258 12.6087C35.5876 14.8309 36.6186 16.7633 36.6186 18.4058C36.6186 19.6618 36.165 20.773 35.2577 21.7391C34.3505 22.7053 33.5258 23.5749 32.7835 24.3478C30.9691 26.087 29.7732 27.5362 29.1959 28.6957C28.5361 29.8551 28.2062 31.0628 28.2062 32.3188C28.2062 34.6377 28.9072 36.5217 30.3093 37.971C31.7113 39.3237 33.5258 40 35.7526 40ZM10.1443 40C12.4536 40 14.5567 39.3237 16.4536 37.971C18.268 36.5217 19.7113 34.5894 20.7835 32.1739C21.8557 29.6618 22.3918 26.8116 22.3918 23.6232C22.3918 21.1111 21.9381 18.6473 21.0309 16.2319C20.1237 13.8164 18.8866 11.5459 17.3196 9.42029C15.6701 7.29469 13.7732 5.41063 11.6289 3.76812C9.48454 2.12561 7.17526 0.869565 4.70103 0L0 6.66667C3.2165 8.4058 5.85567 10.3865 7.91753 12.6087C9.97938 14.8309 11.0103 16.7633 11.0103 18.4058C11.0103 19.6618 10.5567 20.773 9.64949 21.7391C8.74227 22.7053 7.91753 23.5749 7.17526 24.3478C5.36083 26.087 4.16495 27.5362 3.58763 28.6957C2.92784 29.8551 2.59794 31.0628 2.59794 32.3188C2.59794 34.6377 3.29897 36.5217 4.70103 37.971C6.10309 39.3237 7.91753 40 10.1443 40Z\" fill=\"currentColor\" \/>\n<\/svg><cite>LIIF Vice President for Community Facilities Lending and New Markets Tax Credits Amir Ali <br>(<a href=\"https:\/\/www.liifund.org\/team\/amir-ali\/\">click to contact Amir<\/a> about your NMTC deal)<\/cite><\/blockquote><\/figure>\n<\/div><\/section><section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-stats overflow-hidden bg-neutral-light\">\n    <div class=\"border-b-4 border-neutral-mid-light\">\n    <div class=\"container py-8 md:py-16\">\n      <h2 class=\"title-lg uppercase text-center\">LIIF&#8217;s NMTC Offering<\/h2>\n    <\/div>\n  <\/div>\n    <div class=\"container pt-8 md:pt-16\">\n      <div\n        class=\"flex flex-wrap justify-center md:-mx-4\">\n                              <div class=\"mb-8 md:mb-16 px-4 text-center w-full max-w-full\">\n                              <p class=\"title-xl text-blue mb-4 uppercase\">$578 million <\/p>\n                                            <div\n                  class=\"headline-md text-brown-deep uppercase font-normal\"><p>allocation authority to date<\/p>\n<\/div>\n                          <\/div>\n                        <\/div>\n    <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-two-column-image-and-text py-8 md:py-16 overflow-hidden bg-neutral-light\">\n    <div class=\"container\">\n      <div class=\"flex flex-row flex-wrap md:flex-nowrap text-neutral-deep md:-mx-8\">\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8 mb-6 md:mb-0\">\n                      <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"731\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/12\/NMTC-Front-Porch-1024x731.jpg\" class=\"object-center object-cover w-full h-full\" alt=\"\" style=\"object-position: 50% 50%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/12\/NMTC-Front-Porch-1024x731.jpg 1024w, https:\/\/www.liifund.org\/app\/uploads\/2023\/12\/NMTC-Front-Porch-300x214.jpg 300w, https:\/\/www.liifund.org\/app\/uploads\/2023\/12\/NMTC-Front-Porch-768x549.jpg 768w, https:\/\/www.liifund.org\/app\/uploads\/2023\/12\/NMTC-Front-Porch.jpg 1120w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n                  <\/div>\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8\">\n                      <h2 class=\"headline-xl mb-6\">Front Porch, Atlanta (2022)<\/h2>\n                                <div class=\"prose-lg mb-6\">\n              <p>A $4.5 million leverage loan and $8.5 million NMTC allocation to Historic District Development Corporation (HDDC). The loan was a participation in a $17.35 million construction loan by LIIF partner, Reinvestment Fund. HDDC was founded by the renowned civil rights leader Coretta Scott King in 1980 to rehabilitate and revitalize the historic Atlanta neighborhoods of Sweet Auburn and Old Fourth Ward. Non-displacement of existing residents, preservation of the neighborhood\u2019s historic fabric and redevelopment into vibrant, mixed-use communities have been HDDC\u2019s guiding principles since inception, catalyzing growth and change in the neighborhood. This project, known as Front Porch will consist of six new commercial\/retail units, 36 income-restricted residential units and various amenities to support community wellness.<\/p>\n\n            <\/div>\n                                <div>\n                              <ul class=\"-mx-2\">\n                                                                        <\/ul>\n                          <\/div>\n                  <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-two-column-image-and-text py-8 md:py-16 overflow-hidden bg-neutral-light\">\n    <div class=\"container\">\n      <div class=\"flex md:flex-row-reverse flex-wrap md:flex-nowrap text-neutral-deep md:-mx-8\">\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8 mb-6 md:mb-0\">\n                      <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/07\/Sunnydale-San-Francisco-1024x576.jpg\" class=\"object-center object-cover w-full h-full\" alt=\"\" style=\"object-position: 50% 50%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/07\/Sunnydale-San-Francisco-1024x576.jpg 1024w, https:\/\/www.liifund.org\/app\/uploads\/2023\/07\/Sunnydale-San-Francisco-300x169.jpg 300w, https:\/\/www.liifund.org\/app\/uploads\/2023\/07\/Sunnydale-San-Francisco-768x432.jpg 768w, https:\/\/www.liifund.org\/app\/uploads\/2023\/07\/Sunnydale-San-Francisco.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n                  <\/div>\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8\">\n                      <h2 class=\"headline-xl mb-6\">Sunnydale, San Francisco (2022)<\/h2>\n                                <div class=\"prose-lg mb-6\">\n              <p>This community center in San Francisco is part of a Hope VI project involving Mercy Housing as the nonprofit developer. LIIF provided $13.6 million NMTC to finance the construction of a 28,000-squre-foot, multi-tenant community facility with an early childhood education (ECE) tenant that will annually serve 72 children, a San Francisco Boys and Girls Club that has space for 135 children and additional community space that can accommodate 200 low-income residents. Rents are heavily subsidized, with the ECE center and SF Boys and Girls clubs paying $1 per year in rent (100% below the San Francisco market rate of $30 per square foot).<\/p>\n\n            <\/div>\n                                <div>\n                          <\/div>\n                  <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-two-column-image-and-text py-8 md:py-16 overflow-hidden bg-neutral-light\">\n    <div class=\"container\">\n      <div class=\"flex flex-row flex-wrap md:flex-nowrap text-neutral-deep md:-mx-8\">\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8 mb-6 md:mb-0\">\n                      <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"731\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/11\/NMTC-Martha-OBryan-1024x731.jpg\" class=\"object-center object-cover w-full h-full\" alt=\"\" style=\"object-position: 50% 50%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2023\/11\/NMTC-Martha-OBryan-1024x731.jpg 1024w, https:\/\/www.liifund.org\/app\/uploads\/2023\/11\/NMTC-Martha-OBryan-300x214.jpg 300w, https:\/\/www.liifund.org\/app\/uploads\/2023\/11\/NMTC-Martha-OBryan-768x549.jpg 768w, https:\/\/www.liifund.org\/app\/uploads\/2023\/11\/NMTC-Martha-OBryan.jpg 1120w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\n                  <\/div>\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8\">\n                      <h2 class=\"headline-xl mb-6\">Martha O&#8217;Bryan Center, Nashville, Tenn. (2021)<\/h2>\n                                <div class=\"prose-lg mb-6\">\n              <p>LIIF harnessed the power of a $15.4 million NMTC allocation to close a loan for the Martha O\u2019Bryan Center. The project became a multi-building campus, now expanded and featuring refurbished facilities equipped to transform the lives of families living in a historically excluded community.<\/p>\n\n            <\/div>\n                                <div>\n                          <\/div>\n                  <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-two-column-image-and-text py-8 md:py-16 overflow-hidden bg-neutral-light\">\n    <div class=\"container\">\n      <div class=\"flex md:flex-row-reverse flex-wrap md:flex-nowrap text-neutral-deep md:-mx-8\">\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8 mb-6 md:mb-0\">\n                      <img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"800\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/01\/3a.jpg\" class=\"object-center object-cover w-full h-full\" alt=\"\" style=\"object-position: 50% 50%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/01\/3a.jpg 600w, https:\/\/www.liifund.org\/app\/uploads\/2024\/01\/3a-225x300.jpg 225w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/>\n                  <\/div>\n        <div class=\"w-full max-w-full md:w-1\/2 md:max-w-1\/2 md:px-8\">\n                      <h2 class=\"headline-xl mb-6\">Cherryland Early Learning Center, Hayward, Calif. (2021)<\/h2>\n                                <div class=\"prose-lg mb-6\">\n              <p>A $9.5 million NMTC allocation for the YMCA of the East Bay. The NMTC transaction will enable the YMCA of the East Bay to provide free, year-round, full-day early care and education, wraparound wellness services (e.g., medical and dental exams, behavioral health screenings, vision and hearing screenings, early intervention\/special education) and daily breakfast, lunch and snacks for 80 low-income children ages 0-5. Most of the families served at the center are expected to be from Latino backgrounds, with Spanish as their primary language.<\/p>\n\n            <\/div>\n                                <div>\n                          <\/div>\n                  <\/div>\n      <\/div>\n    <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section class=\"wp-block-post-grid-feature py-8 md:py-16 bg-neutral-mid-light\">\n    <div class=\"container\">\n              <div class=\"text-neutral-deep border-b border-yellow mb-6 flex flex-col md:flex-row justify-between py-2\">\n                      <h2 class=\"headline-xl\">The latest news on our NMTC impact<\/h2>\n          \n                  <\/div>\n      \n                        <div class=\"grid grid-cols-1 lg:grid-cols-2 gap-8 relative\">\n                          <a\n  href=\"https:\/\/www.liifund.org\/perspective\/the-critical-role-of-nmtc-in-promoting-climate-justice-through-green-building-and-technology\/\" class=\"relative group lg:min-h-[564px] aspect-[720\/564] lg:aspect-auto\" aria-label=\"Read article about The Critical Role of NMTC in Promoting Climate Justice through Green Building and Technology\" feature_class=\"lg:w-[45vw]\">\n  <div class=\"lg:absolute right-0 top-0 h-full w-full overflow-hidden lg:w-[45vw]\">\n    <div\n      class=\"relative z-1 overflow-hidden h-full block\n        after:bg-overlay-darken-gradient after:bg-no-repeat after:absolute after:w-full after:h-full after:bottom-0 after:left-0 after:z-5 after:transition-all after:ease-in-out after:duration-500\n        group-hover:after:bg-neutral-deep\/40\n        group-focus:after:bg-neutral-deep\/40\n        group-active:after:bg-neutral-deep\/60\">\n      <img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/Solar-Panels-1024x768.jpg\" class=\"w-full h-full object-center object-cover relative z-1\" alt=\"\" sizes=\"auto, (min-width: 1536px) calc(1472px \/ 2),\n        (min-width: 1024px) 50vw,\n        100vw\" style=\"object-position: 50% 20%;\" srcset=\"https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/Solar-Panels-1024x768.jpg 1024w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/Solar-Panels-300x225.jpg 300w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/Solar-Panels-768x576.jpg 768w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/Solar-Panels-1536x1152.jpg 1536w, https:\/\/www.liifund.org\/app\/uploads\/2024\/05\/Solar-Panels-2048x1536.jpg 2048w\" \/>\n    <\/div>\n\n          <div\n        class=\"z-10 absolute p-6 top-0 left-0 w-full transition-transform ease-in-out duration-500\n          group-hover:translate-x-2 group-hover:translate-y-2\n          group-focus:translate-x-2 group-focus:translate-y-2 \">\n              <\/div>\n    \n    <div class=\"z-10 absolute bottom-0 left-0 w-full px-16 py-8 text-white\">\n      <div\n        class=\"transition-transform ease-in-out duration-500\n        group-hover:-translate-y-5\n        group-focus:-translate-y-5\">\n                  <span class=\"uppercase block-sm font-medium\">\n    Perspective\n  <\/span>\n        \n                  <h3 class=\"headline-lg\">The Critical Role of NMTC in Promoting Climate Justice through Green Building and Technology<\/h3>\n              <\/div>\n\n      <div\n        class=\"flex justify-end transition-transform ease-in-out duration-500\n        group-hover:-translate-y-3\n        group-focus:-translate-y-3 \">\n        <span\n  href=\"\" target=\"\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-transparent text-white focus:border-white py-1.5 px-2 rounded mt-4\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M11.5277 9.44262C11.3273 9.64302 11.0543 9.72492 10.7766 9.68771C10.3743 9.62893 10.0772 9.22876 10.0813 8.77481L10.1284 3.55442L1.44843 12.2344C1.11062 12.5722 0.571609 12.5714 0.245468 12.2452C-0.0806728 11.9191 -0.0757554 11.3744 0.256327 11.0423L8.72443 2.57417L3.4019 2.62222C3.15223 2.62447 2.91493 2.51313 2.75207 2.32737C2.58931 2.13025 2.52336 1.89254 2.57112 1.63111C2.59525 1.47203 2.67602 1.32378 2.79626 1.20354C2.97947 1.02032 3.23007 0.915931 3.49671 0.919198L11.2025 0.849637C11.5656 0.846358 11.858 1.13876 11.8491 1.4963L11.7828 8.83889C11.7808 9.06586 11.6881 9.28231 11.5277 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all group-hover:decoration-current\">\n    Read the article\n  <\/span>\n\n  \n  <\/span>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/a>\n            \n                          <div class=\"flex flex-col\">\n                                  \n                  <a href=\"https:\/\/www.liifund.org\/perspective\/pairing-the-new-markets-tax-credit-with-early-care-and-education-centers\/\"\n                    class=\"py-4 lg:px-4 border-b border-yellow flex-grow group transition ease-in-out duration-500 hover:bg-white focus:bg-white\">\n                    <div class=\"mb-4\">\n                                                                    \n                                              <span class=\"uppercase block-sm font-medium\">\n    Perspective\n  <\/span>\n                                          <\/div>\n\n                                          <h3\n                        class=\"headline-lg text-blue-deep transition ease-in-out duration-500\n                        group-hover:text-blue\n                        group-focus:text-blue\">\n                        Pairing the New Markets Tax Credit with Early Care and Education Centers\u00a0<\/h3>\n                    \n                    <span\n  href=\"\" target=\"\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-transparent text-blue hover:text-blue-light focus:border-blue-light group-focus:border-blue-light py-1.5 px-2 rounded mt-4 -mx-2\n                      group-hover:text-blue-light\n                      group-focus:text-blue-light\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M11.5277 9.44262C11.3273 9.64302 11.0543 9.72492 10.7766 9.68771C10.3743 9.62893 10.0772 9.22876 10.0813 8.77481L10.1284 3.55442L1.44843 12.2344C1.11062 12.5722 0.571609 12.5714 0.245468 12.2452C-0.0806728 11.9191 -0.0757554 11.3744 0.256327 11.0423L8.72443 2.57417L3.4019 2.62222C3.15223 2.62447 2.91493 2.51313 2.75207 2.32737C2.58931 2.13025 2.52336 1.89254 2.57112 1.63111C2.59525 1.47203 2.67602 1.32378 2.79626 1.20354C2.97947 1.02032 3.23007 0.915931 3.49671 0.919198L11.2025 0.849637C11.5656 0.846358 11.858 1.13876 11.8491 1.4963L11.7828 8.83889C11.7808 9.06586 11.6881 9.28231 11.5277 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all group-hover:decoration-current\">\n    Read the article\n  <\/span>\n\n  \n  <\/span>\n                  <\/a>\n                                  \n                  <a href=\"https:\/\/www.liifund.org\/2024\/04\/30\/liif-provides-damien-center-indianas-largest-hiv-aids-center-with-6-5-million-in-new-markets-tax-credits-to-build-a-new-facility\/\"\n                    class=\"py-4 lg:px-4 border-b border-yellow flex-grow group transition ease-in-out duration-500 hover:bg-white focus:bg-white\">\n                    <div class=\"mb-4\">\n                                                                    \n                                              <span class=\"uppercase block-sm font-medium\">\n    News\n  <\/span>\n                                          <\/div>\n\n                                          <h3\n                        class=\"headline-lg text-blue-deep transition ease-in-out duration-500\n                        group-hover:text-blue\n                        group-focus:text-blue\">\n                        LIIF Provides Damien Center, Indiana&#8217;s Largest HIV\/AIDS Facility, With $6.5 Million in New Markets Tax Credits to Build its New Health Care and Supportive Services Center<\/h3>\n                    \n                    <span\n  href=\"\" target=\"\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-transparent text-blue hover:text-blue-light focus:border-blue-light group-focus:border-blue-light py-1.5 px-2 rounded mt-4 -mx-2\n                      group-hover:text-blue-light\n                      group-focus:text-blue-light\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M11.5277 9.44262C11.3273 9.64302 11.0543 9.72492 10.7766 9.68771C10.3743 9.62893 10.0772 9.22876 10.0813 8.77481L10.1284 3.55442L1.44843 12.2344C1.11062 12.5722 0.571609 12.5714 0.245468 12.2452C-0.0806728 11.9191 -0.0757554 11.3744 0.256327 11.0423L8.72443 2.57417L3.4019 2.62222C3.15223 2.62447 2.91493 2.51313 2.75207 2.32737C2.58931 2.13025 2.52336 1.89254 2.57112 1.63111C2.59525 1.47203 2.67602 1.32378 2.79626 1.20354C2.97947 1.02032 3.23007 0.915931 3.49671 0.919198L11.2025 0.849637C11.5656 0.846358 11.858 1.13876 11.8491 1.4963L11.7828 8.83889C11.7808 9.06586 11.6881 9.28231 11.5277 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all group-hover:decoration-current\">\n    Read the article\n  <\/span>\n\n  \n  <\/span>\n                  <\/a>\n                                  \n                  <a href=\"https:\/\/www.liifund.org\/2024\/04\/10\/liif-and-partners-use-nmtc-to-create-the-first-tuition-free-performing-arts-high-school-in-fort-smith-arkansas\/\"\n                    class=\"py-4 lg:px-4 border-b border-yellow flex-grow group transition ease-in-out duration-500 hover:bg-white focus:bg-white\">\n                    <div class=\"mb-4\">\n                                                                    \n                                              <span class=\"uppercase block-sm font-medium\">\n    News\n  <\/span>\n                                          <\/div>\n\n                                          <h3\n                        class=\"headline-lg text-blue-deep transition ease-in-out duration-500\n                        group-hover:text-blue\n                        group-focus:text-blue\">\n                        LIIF and Partners Use NMTC to Create the First Tuition-Free Performing Arts High School in Fort Smith, Arkansas<\/h3>\n                    \n                    <span\n  href=\"\" target=\"\" class=\"button border-2 transition-all inline-flex justify-center items-center font-medium group\n            focus:border-2 focus:border-dashed focus:outline-none\n            group-focus:border-2 group-focus:border-dashed\n            active:border-2 active:border-solid\n            disabled:opacity-40 border-transparent text-blue hover:text-blue-light focus:border-blue-light group-focus:border-blue-light py-1.5 px-2 rounded mt-4 -mx-2\n                      group-hover:text-blue-light\n                      group-focus:text-blue-light\">\n\n      <svg aria-hidden=\"true\" class=\"fill-current transition-all pr-2 w-auto h-3\" width=\"12\" height=\"13\" viewBox=\"0 0 12 13\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path d=\"M11.5277 9.44262C11.3273 9.64302 11.0543 9.72492 10.7766 9.68771C10.3743 9.62893 10.0772 9.22876 10.0813 8.77481L10.1284 3.55442L1.44843 12.2344C1.11062 12.5722 0.571609 12.5714 0.245468 12.2452C-0.0806728 11.9191 -0.0757554 11.3744 0.256327 11.0423L8.72443 2.57417L3.4019 2.62222C3.15223 2.62447 2.91493 2.51313 2.75207 2.32737C2.58931 2.13025 2.52336 1.89254 2.57112 1.63111C2.59525 1.47203 2.67602 1.32378 2.79626 1.20354C2.97947 1.02032 3.23007 0.915931 3.49671 0.919198L11.2025 0.849637C11.5656 0.846358 11.858 1.13876 11.8491 1.4963L11.7828 8.83889C11.7808 9.06586 11.6881 9.28231 11.5277 9.44262Z\" fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all group-hover:decoration-current\">\n    Read the article\n  <\/span>\n\n  \n  <\/span>\n                  <\/a>\n                              <\/div>\n                      <\/div>\n              \n          <\/div>\n  <\/section>\n<section class=\"wp-classic\"><div class=\"container\">\n\n<\/div><\/section><section\n      class=\"wp-block-call-to-action bg-blue-deep py-8 md:py-32\">\n      <div class=\"container\">\n        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fill=\"currentColor\"\/>\n<\/svg>  \n  <span class=\"group-focus:decoration-current underline underline-offset-2 decoration-transparent transition-all\">\n    Email nmtc@liifund.org\n  <\/span>\n\n  \n  <\/a>\n                          <\/div>\n                  <\/div>\n      <\/div>\n    <\/section>\n  ","protected":false},"excerpt":{"rendered":"<p>Our goal with NMTC is to drive meaningful change in low-income communities. We&#8217;re committed to supporting projects that have a real impact on people&#8217;s lives. It&#8217;s about crafting the right financial solutions that align with your vision and catalyze positive community transformation. LIIF Vice President for Community Facilities Lending and New Markets Tax Credits Amir&hellip;<\/p>\n","protected":false},"author":4,"featured_media":11049,"parent":3199,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4489","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Markets Tax Credit - Low Income Investment Fund<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.liifund.org\/strategic-priorities\/lending-tools\/new-markets-tax-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Markets Tax Credit - Low Income Investment Fund\" \/>\n<meta property=\"og:description\" content=\"Our goal with NMTC is to drive meaningful change in low-income communities. 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