It’s Not Just the Census Tract: Community Impact Is More Important Than Ever in NMTC Program

By Caitlin Jones
August 24, 2011 1 min read

It’s Not Just the Census Tract: Community Impact Is More Important Than Ever in NMTC Program

By Caitlin Jones
August 24, 2011 0 min read

Tax Credit Advisor, August 2011: Community development entities (CDEs) and investors are placing much greater weight on the level of community impact of federal new markets tax credit projects, both in project selection and in the pricing for the tax credits.

This gravitation toward projects with high community impact — those providing substantial benefits to low-income communities and low-income persons (e.g., jobs, services, spurring other investment) — appears to be the result of increased emphasis in this area in the program’s 2011 funding round and as a reaction to a negative Bloomberg magazine article published earlier this year. That article, which focused in part on a luxury Chicago hotel financed with new markets tax credits, suggested that the program has helped finance hundreds of “upscale” projects “on streets far from poverty.”

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Breaking Ground

Jennifer Leimaile Ho, Minnesota Housing Commissioner and Incoming Chair of National Council of State Housing Agencies

Pamela Martineau • December 1, 2024 10 min read

Earlier this fall, Jennifer Leimaile Ho was elected chair of the National Council of State Housing Agencies’ (NCSHA) 2025 Board of Directors. Ho is the Commissioner of Minnesota Housing, having been appointed by Governor Tim Walz in January 2019 and reappointed in 2023.

“Business as Usual”

Leaders in Equity Express Optimism Despite an Uncertain Future

Abram Mamet • December 1, 2024 9 min read

Any outside observer may assume some unease amongst the low-income housing industry. Buffeted on the one hand by residual stressors from the COVID-19 pandemic and on the other by the uncertain prospects of an incoming federal administration keen on cutting spending and shrinking government programs, the affordable housing landscape is experiencing an inflection point.

NCSHA Recognizes Stand-Out Affordable Housing Programs and Initiatives

Pamela Martineau • December 1, 2024 7 min read

This fall, the National Council of State Housing Agencies (NCSHA) recognized 17 programs offered by state housing finance agencies across the nation that creatively developed tools to tackle their communities’ affordable housing challenges.