“Learn all you can from the mistakes of others.     You won’t have time to make them all yourself.” – Alfred Sheinwold   The New Markets Tax Credit (NMTC) program was created in 2000 and is currently the largest federal economic development incentive program in the U.S. Highly competitive, the NMTC program was designed to foster financial investment and economic development in low-income communities (qualified census tracts). Only Certified Development Entities (CDEs) can apply for the authority to distribute NMTC. Recipient CDEs then seek out qualified projects or businesses in which they can invest; through either an equity investment or low cost loans. The benefits of NMTC are significant – to all parties involved.   Why CDAA? CDAA is an expert in this program. Having worked with NMTC since its inception, we are uniquely qualified to help you get the most benefit from all that NMTC have to offer. We know what works best, what doesn’t work and how to ensure success for our clients. We work with CDEs who are applying for NMTC allocations or have received them and want to start distributing tax credits to qualifying projects, as well as with real estate developers or businesses looking for CDEs to help fund their projects. We know the intricacies of all stages of the process. CDAA has worked with all types of projects from shopping centers, museums, hotels, churches, light manufacturing to mixed use (housing/retail).   Let us help you have a successful NMTC experience. Give us a call or send us an email through our Contact page.