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New Markets Tax Credit Loan
Businesses and nonprofits located in economically distressed urban and rural communities now have a financing opportunity designed specifically for them. The Community Reinvestment Fund USA’s (CRF) New Markets Tax Credit loan program, offered through HCDC, gives eligible borrowers lower fixed interest rates and terms up to 25 years on loans up to $2.5 million.

Financing through a New Markets Tax Credit loan is provided primarily for owner-occupied commercial real estate located in a low-income census tract. The project being financed must be in a low-income area as well.

The New Markets Tax Credit loan program was created by the CRF to revitalize targeted urban and rural areas by providing financing to businesses to encourage:
  • retention and creation of jobs
  • renovation and expansion of real estate
  • acquisition of real estate
  • refinancing of real estate debt
Borrowers working through HCDC can benefit from the CRF New Markets Tax Credit loan program to expand and renovate their existing properties, buy their properties outright or purchase additional property to expand their business.


Why Choose a CRF New Market Tax Credit Loan?
  • A lot more flexibility in who qualifies. Fewer eligibility considerations mean that the New Markets Tax Credit loan is a practical option for a greater number of businesses.
  • Not-for-profit businesses can take advantage of the New Markets Tax Credit loan too.
  • Typically, lower fees.
  • Interest rates are lower than with conventional financing.
  • Terms up to 25 years.

HCDC is a Certified Development Company, a lender authorized by the Community Reinvestment Fund to provide New Markets Tax Credit loans.