New Markets Tax Credits

Program overview

The New Markets Tax Credits (NMTC) program is a federal initiative designed to spur private investment and provide gap financing for commercial projects located in eligible low-income communities. The program is administered by the Community Development Financial Institution (CDFI) Fund, a division of the US Department of Treasury, and is a public-private partnership between the federal government and the private sector. NMTC investments support projects that provide critical services to and/or create quality, accessible jobs for low-income households.

Financing for clients typically takes the form of low-interest, interest-only term debt that may not have to be fully repaid. Financing can be used for construction, equipment purchases, soft costs, working capital, and more.

Access to NMTC subsidy is highly competitive. Regions’ team experts can help clients confirm the eligibility of their projects, guide them through a complex application process, and position projects seeking subsidy for success.

Areas of focus

Through its NMTC platform, Regions makes investments to support a wide range of industries:

• Manufacturing
• Education
• Healthcare
• Community services
• Healthy foods

Additional program information

There are several criteria that need to be met in order for projects to qualify for NMTC financing.  For the most up to date information on qualification, connect with a Regions NMTC team member, or refer to the CDFI Fund’s NMTC program website.

Regions New Markets Tax Credits team

Steve Ross - Team Lead
Steve.Ross@regions.com

Courtney Nolan - Relationship Manager
Courtney.Nolan@regions.com

Katia Izyumova - Relationship Manager
Katia.Izyumova@regions.com

Karen Song - Portfolio and Asset Manager
Karen.Song@regions.com