New Market Tax Credits
CSH was awarded a New Market Tax Credit (NMTC) allocation for $25 million to support the innovative financing of supportive housing projects throughout the country.
The NMTC permits individual and corporate taxpayers to receive a credit against federal income taxes for making equity investments in investment vehicles known as Community Development Entities (CDEs). CDEs must apply to the Treasury Department’s CDFI Fund to compete for this allocation authority.
CSH will use its allocation to finance permanent supportive housing developments with an eye toward multi-use projects with space for on-site support services, community health centers, and retail or commercial uses.
Learn about our first project in conjunction with our NMTC allocation, the Bell Building.