What We Do

New Markets Support Company (NMSC) drives investment capital into underserved neighborhoods to spur revitalization. As a wholly-owned subsidiary of the Local Initiatives Support Corporation (LISC), the nation’s leading community development support organization, we deliver innovative and creative financing resources to advance LISC's strategic goals and community development efforts across the country.

Our work encompasses five main areas:

LISC New Markets Tax Credits

We manage LISC's New Markets Tax Credit (NMTC) program, helping to increase investments in economically distressed communities and businesses across the country. We've managed LISC's NMTC investment authority since the creation of the federal program, closing $854 million in NMTC allocation for 100 projects. We work closely with LISC's local offices and rural program to identify high-impact projects that generate economic and social benefits to the local community and contribute to larger development plans. By providing financing to New Markets developments across the country, NMSC helps revitalize commercial corridors, clean up toxic brownfields sites, eliminate blighted areas, reinforce investments in nearby housing and schools, and create facilities for critical community services that would not otherwise exist.

Learn more about our NMTC program here.

Client Services

With our team's expertise in the complexities of the NMTC program, we manage more than $350 million in NMTC allocation for other entities. We offer compliance assistance, accounting and loan servicing, asset management and construction oversight, exit services, software, team trainings, and other services as needed to help other organizations leverage NMTCs.

We have worked closely with 20 institutional investors to date, supporting a range of asset types that include major retail developments, manufacturing and industrial sites, charter schools, theaters and urban entertainment districts, athletic facilities/fields, office space, and health care centers. All are developed in low-income communities that are struggling to rebuild their economic infrastructure and improve quality of life for residents.

Fund Management

As a pioneer in the industry, we've partnered with other institutions to create NMTC-enhanced lending funds to provide even better rates and terms to fill specific financing gaps. Our Healthy Futures Fund finances Federally Qualified Health Centers; the Rural Loan fund provides loans in non-metro areas; and the Small Business Loan Fund makes SBA 504 first mortgage loans under $2 million to small businesses for real estate purchases.

LISC Small Business

We make loans to underserved small businesses on behalf of LISC through the Small Business Administration (SBA) Community Advantage and 504 programs. Small business success means stronger local economies, more jobs, and a better standard of living. Many of our clients have been turned down for conventional bank financing, and we strive to provide loans to women-, minority-, and veteran-owned companies and businesses in low-to-moderate income neighborhoods. To learn more about LISC Small Business, visit our website.

Giving Back

We make annual grants to LISC, supporting new program initiatives and overall organizational capacity.

Download an overview of our work here.