The New Markets Tax Credit (NMTC) Program was created by the Federal Government in 2000 to encourage investment and jobs creation in very low-income communities.

Florida Community Loan Fund, FCLF, has participated in the NMTC Program since 2003, and has been awarded 10 NMTC allocations from the U.S. Treasury's CDFI Fund and two awards from the State of Florida's New Markets Development Program; for a total of $391 million in Federal allocation awards and $11 million in State awards.

At FCLF, our NMTC program focuses on projects that align with our mission of helping underserved citizens throughout the state of Florida. Financing is generally for construction or major renovation of large real estate projects. FCLF's NMTC focus is on:Armature Works, Tampa

  • Community Facilities. From urban core facilities that provide help for homeless and domestic violence victims, to non-metro areas where healthcare for low-income residents is a real concern, community facilities that place a priority on serving low-income clients or provide dedicated services to low-income or at-risk clients are a priority for FCLF's NMTC Program. These could include facilities that provide services for homeless, domestic violence, youth / education, healthcare, and projects that address food insecurity.
  • Community-Based or Community-Oriented Projects, which can bring indirect or intangible services to a low-income community. Examples are nonprofit business incubators, technology hubs, and other multi-service projects that offer more than one type of services from a single location.
  • High Impact Economic Development Projects that serve as a catalyst for other economic development, often as part of a community redevelopment master plan, and create high-quality jobs in low-income census tracts. 

Does NMTC fit your project? Some of the characteristics of NMTC financing are:

  • Monthly payments may be lower than for similar size conventional loans as a result of interest-only payments.
  • Effective rates are often below market for commercial loans of this type.
  • Higher LTVs may result from the 2-loan structure, with the "B" loan often being treated as up-front substitute for a portion of equity required by lenders.
  • Option of equity conversion at the end of the 7-year term.

The guidelines for qualifying for financing through the NMTC Program are very specific. More information can be found on our Downloads & Resources page, or on the CDFI Website.

Meet our Borrowers through the NMTC Program and see the impact we have had in qualified distressed census tracts. 

If you have more questions or to find out if your project meets the NMTC Program guidelines, Contact Us.

This institution is an equal opportunity provider.


Core Purpose FCLF exists to maximize opportunities for people and places outside of the economic mainstream.
Our Vision Opportunity and dignity exist for every person and community in Florida.
Our Mission Our expertise and capital make projects successful and help organizations improve lives and communities.