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). Projects closed between Oct. 31, 2017 and Oct. 31, 2018 may use either 2006-2010 ACS data or 2011-2015 ACS Low-Income Community eligibility data applied to the 2010 census tracts for determining Low-Income Community eligibility. Projects closed on or after Nov. 1, 2018 must use 2011-2015 ACS Low-Income Community eligibility data applied to the 2010 census tracts for determining Low-Income Community eligibility. This mapping tool can help you determine if a project may qualify within eligible census tracts under either the 2006-2010 ACS data or the 2011-2015 ACS data through the edit data function on the map.
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.