NMTC Success Stories: Jones Lumber in Natchez, Mississippi
Jones Lumber received an NMTC allocation that funded a mill expansion leading to a 24-hour run time and the creation of additional well-paying, full-time jobs.
New Markets Tax Credit Financing
The New Markets Tax Credit Program, administered by the US Department of Treasury, encourages investment and job creation in low-income qualified communities.
The New Markets Tax Credit Program, administered by the US Department of Treasury, encourages investment and job creation in low-income qualified communities.
Eligibility
Eligible projects must be located in New Markets Tax Credit designated areas of higher distress as defined by the CDFI Fund.
Eligible projects may include projects such as the following:
- Healthcare facilities
- Grocery stores
- Nonprofit facilities
- Community facilities
- Municipal facilities
- Manufacturing plants
- Commercial or Mixed-Use developments
- Other real estate developments
- Operating businesses
To learn more about the New Markets Tax Credit Program and if a project is located in a qualified area, visit cdfifund.gov/nmtc.
Tell Us About Your Project
For more information about a project’s eligibility or RCLF’s participation in the NMTC Program, complete the project qualification form below.
Renaissance Community Loan Fund’s NMTC Success Stories
Below are two businesses who applied for and received NMTC allocations with Renaissance Community Loan Fund.
NMTC Success Stories: Habitat ReStore in Gulfport, Mississippi
Habitat for Humanity of the Mississippi Gulf Coast’s ReStore location in Gulfport received an NMTC allocation that funded the purchase, construction, and rehabilitation of their retail store and distribution center.
