OFN Members Receive $4.3 Billion in New Markets Tax Credit Allocations
Lily Jin, Associate, Public Policy, OFN
U.S. Department of the Treasury announced a double round of funding covering 2024 and 2025 with a new peak in recent history of allocations going to CDFIs.
Read time: 3 minutes
OFN congratulates the 142 community development entities that received New Markets Tax Credit (NMTC) awards announced near the close of 2025. The $10 billion allocation is the largest in program history, with $4.6 billion of that funding going to CDFIs. CDFIs made up 45% of recipients in this round, a high-water mark for allocations going to the industry.
The awards announced in this round reflect a 20% increase in funding going to rural and non-metro areas. These investments will strengthen local economic growth and contribute to lasting job creation in communities across America.
OFN recognizes the 61 member CDFIs that received over 40% of the NMTC allocations totaling $4.3 billion:
- ACC Capital
- Accion Opportunity Fund
- AltCap
- Black Business Investment Fund (BBIF)
- BlueHub Loan Fund, Inc.
- Bridge Investment Community Development Corporation
- CAHEC Capital, Inc.
- Capital Impact Partners
- CEI Capital Management, LLC
- Cincinnati Development Fund, Inc.
- Cinnaire Lending Corporation
- City First Enterprises
- Civic Community Partners, Inc.
- Colorado Enterprise Fund, Inc.
- Community Health Center Capital Fund
- Community Housing Capital, Inc.
- Community Vision Capital and Consulting
- Corporation for Supportive Housing (CSH)
- Craft3
- Dakota Resources
- Enterprise Community Loan Fund, Inc.
- Finance Fund Capital Corporation
- Finanta
- Five Points Community Capital, LLC
- Florida Community Loan Fund
- Forward Community Investments
- Genesis LA
- Greenwood Archer Capital
- Hope Enterprise Corporation
- Housing Partnership Network, Inc.
- IFF
- Impact Seven, Inc.
- Invest Detroit
- Invest PGH, Inc.
- justine PETERSEN
- Local Initiatives Support Corporation (LISC)
- Locus Impact Fund (fka Virginia Community Capital)
- Massachusetts Housing Investment Corporation
- MetaFund Corporation
- Midwest Minnesota Community Development Corporation
- MoFi
- Native American Bank, N.A.
- NeighborGood Partners, Inc.
- New Jersey Community Capital
- Nonprofit Finance Fund
- Opportunity Resource Fund
- Oweesta Corporation
- Partner Community Capital (Formerly Natural Capital Investment Fund)
- Partners for the Common Good, Inc.
- Pathway Lending
- People Incorporated Financial Services
- Prestamos CDFI, LLC
- Raza Development Fund
- Reinvestment Fund
- Self-Help Ventures Fund
- South Carolina Community Loan Fund
- Southern Bancorp
- Texas Mezzanine Fund
- The Community Business Investment Fund, LLC
- TruFund Financial Services, Inc.
- Western Reserve Community Fund
The NMTC was recently made permanent with the passage of the Trump Administration’s landmark tax legislation, the “One Big Beautiful Bill Act.” Since its inception, the program has had a strong record leveraging private capital to spur Main Street economic and community development. Its permanent authorization reflects bipartisan recognition in Congress that the NMTC is an effective, market-driven tool to build local economic resilience.
Treasury also announced new reforms to the program intended to strengthen provisions governing permitted uses of the tax credits to ensure compliance with federal anti-discrimination laws. In the next NMTC cycle, Treasury is looking to focus on affordable housing development, small business growth and expansion, domestic manufacturing and reliable job-producing projects, and rural hospitals and essential community health infrastructure. OFN looks forward to working with Treasury to ensure continued success and impact for the NMTC program.
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