Media Contact:
Jesse Dean, Director, Strategic Communication
[email protected] | 347-931-0132
New York, NY | January 28, 2026 – The Corporation for Supportive Housing (CSH) announced today an $85 million allocation of New Markets Tax Credit (NMTC) authority from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund. The award is part of the Calendar Year 2024–2025 NMTC allocation round.
This new allocation brings CSH’s total NMTC authority to $570 million across eleven awards, its largest single‑round allocation and a significant milestone for the organization.
“This allocation strengthens our ability to make New Markets Tax Credit investments in ways that are disciplined, strategic, and closely aligned with community needs,” said Ross Clarke, Director, New Markets Tax Credits at CSH. “CSH uses NMTCs to finance projects that expand access to essential services, particularly services connected to deeply affordable housing. These investments help ensure that critical facilities and service providers can better meet the needs of their communities and create lasting jobs.”
Within a highly competitive round, CSH was selected as one of 142 Community Development Entities (CDEs) awarded New Markets Tax Credit allocation authority. CDEs are financial intermediaries certified by the CDFI Fund to make NMTC investments in low‑income communities.
As a national CDE, CSH will use its NMTC allocation to make investments in essential community facilities serving economically distressed areas. These investments build on CSH’s strong NMTC track record. CSH has deployed $467 million in NMTC allocation across 39 projects in 31 cities, supporting facilities such as Federally Qualified Health Centers, PACE centers, behavioral health clinics, medical respite programs, and food security infrastructure. Nearly 70% of these projects are part of developments that include co-located affordable or supportive housing (financed directly with NMTCs or separately with Low Income Housing Tax Credits), totaling more than 2,557 housing units nationwide, including 1,683 supportive housing units.
The award is part of a $10 billion national NMTC allocation round administered by the CDFI Fund. Since the program’s inception, the NMTC Program has delivered more than $81 billion in tax credit authority to support investment in low-income communities nationwide.
“This award reflects CSH’s enduring commitment to investing in impactful, proven solutions that strengthen communities and expand opportunity,” said Deborah De Santis, President and CEO of CSH. “We are deeply grateful to the U.S. Department of the Treasury and the CDFI Fund for recognizing CSH’s capacity to steward this important resource. The New Markets Tax Credit program remains a vital tool for advancing community health, economic stability, and thriving communities and this allocation will help us further our mission nationwide.”
About the Corporation for Supportive Housing
CSH (Corporation for Supportive Housing) advances affordable and accessible housing aligned with services by advocating for effective policies and funding, investing in communities, and strengthening the supportive housing field. Since our founding in 1991, CSH has been the only national nonprofit intermediary focused solely on increasing the availability of supportive housing. Over the course of our work, we have created more than 512,500 units of affordable and supportive housing and invested more than $2.2 billion in communities. Our workforce is central to accomplishing this work. We employ approximately 170 people across 30 states and U.S. Territories. As an intermediary, we do not directly develop or operate housing but center our approach on collaboration with a wide range of people, partners, and sectors. For more information, visit www.csh.org.
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