Look at every opportunity to finance projects by evaluating their eligibility for tax credit financing through the New Markets Tax Credit (NMTC) and Low-Income Housing Tax Credit (LIHTC) Programs, which are designed to support investment in communities and meet the housing needs of residents.
The NMTC Program provides tax credits for investment into operating businesses and development projects located in qualifying "distressed" communities by certified Community Development Entities (CDEs). Using the 2006-2010 American Community Survey data, this mapping tool can help you determine if a project may qualify within eligible census tracts.
For a housing project, this map will allow you to quickly determine if your project lies within a qualifying census tract or difficult development area for LIHTC purposes. Qualifying may be beneficial to application scoring and boosting eligible basis based on US Department of Housing and Urban Development (HUD) 2013 data. Please review the project’s respective state Qualified Application Plan (QAP) for basis boost policy.
Disclaimer: The data presented in this map are provided as a reference and the validity cannot be guaranteed. All data should be verified with HUD and the CDFI Fund before using it in your decision making process.