Equity provided by new markets tax credits, or NMTCs, continues to be used with - or as an alternative to - bond financings because they provide substantial nontraditional benefits to operations and projects of for-profit and nonprofit borrowers, as well as flexibility to municipalities and bond authorities.

The federal program can be used not only with bond financing, but also in connection with other subsidies, such as tax increment financing, federal and state historic tax credits, state NMTCs, grants, and a plethora of other federal and state subsidies.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.