New Markets Tax Credits

The New Markets Tax Credit (NMTC) program fuels community-impact projects by incentivizing private investment in economically-distressed communities.

As a certified Community Development Entity, AltCap has been awarded nearly $220 million in NMTC allocation and has facilitated more than $250 million in NMTC transactions in Missouri and Kansas.

We also provide comprehensive consulting services, ranging from educational sessions and allocation sourcing to transaction management and compliance.

VISION

We believe the NMTC is a tool that — when used purposefully — can create a transformative ripple that benefits communities. Our goal with NMTC financing is to support job-creating businesses and advance catalytic real estate development projects that promote economic opportunities and enhance neighborhoods.

INVESTMENT

AltCap has facilitated $250+ million in NMTC transactions — contributing $213 million in allocation that has been awarded by the CDFI Fund — in Missouri and Kansas. We’ve helped rehabilitate or construct 2.6+ million square feet of real estate, create thousands of jobs, and deliver $65+ million in tax credit equity to 28 borrowers.

IMPACT

The NMTC Program fuels job-creating business investments and catalytic real estate projects by incentivizing private investors with a federal tax credit. For every $1 in Federal tax credits, the NMTC Program generates $8 of private investment.

NMTC Consulting Services

NMTC - Linwood Area Ministry Project

With more than 15 years of experience as an award-winning Community Development Entity, AltCap supports businesses, real estate developers and nonprofits leverage New Markets Tax Credit financing. 

We offer comprehensive consulting services to assist developers, business owners and their stakeholders at each stage of the process.

  • Project evaluation, eligibility and community impact assessment

  • Due diligence and NMTC allocation sourcing

  • Leverage loan sourcing

  • Transaction/finance structuring and negotiation

  • Closing process

  • Post-closing compliance

Contact Chris Vukas at cvukas@altcap.org to learn more.

How NMTC works for you

Administered by the CDFI Fund, the NMTC Program stimulates investment and economic growth in low-income communities that lack access to capital.

AltCap is a recipient of NMTC allocation from the CDFI Fund, which allows us to provide tax credit facilitated financing directly to businesses, and/or leverage our expansive network of partners to source NMTC allocation from other CDEs.

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SCHEDULE A CALL

AltCap can help fuel your community-impact development project. We are available to provide direct answers and expertise tailored to your needs and your project. Complete this form to begin the conversation.

ALTCAP NMTC PORTFOLIO

Frequently Asked Questions