LISC awarded $85 million in New Markets Tax Credits to spur economic opportunity in low-income areas

The U.S. Department of Treasury has awarded billions of dollars in investment authority to the Local Initiatives Support Corporation (LISC) and 119 other groups so they can attract private capital for new businesses, community facilities and jobs in deeply distressed areas. LISC will use its $85 million allocation of New Markets Tax Credits (NMTCs) to improve the quality of life in both urban and rural communities, focusing especially on places battered by poverty, poor health, job loss and crime.

“New Markets investments are economic energy,” said Kevin Boes, president of LISC’s New Markets Support Company (NMSC), which manages LISC’s NMTC efforts.

Read the full press release here.

What We Do

NMSC drives investment capital into underserved neighborhoods to spur economic development. Since 2004, we've invested $860 million towards real estate developments and small businesses in distressed areas. As a wholly-owned subsidiary of LISC, the country's largest nonprofit community development organization, we deliver creative financing solutions to advance LISC's community developments across the country. Learn more about our work here.

New Markets Support Company does not discriminate and is an equal opportunity employer.


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