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NMTC Public Data Release: 2003-2022 Summary Report and Data File

Name: NMTC Public Data Release: 2003-2022 Summary Report and Data File
Published: 2025-03-26
License: https://creativecommons.org/licenses/by/4.0

Principal Investigator(s): View help for Principal Investigator(s) Community Development Financial Institutions Fund; United States Department of the Treasury

Version: View help for Version V1

Name	File Type	Size	Last Modified
2024_NMTC_Public_Data_Release_Summary_FY-2003-FY_2022_approved_final.pdf	application/pdf	493.7 KB	03/26/2025 12:56:PM
CDFI_Summary_Report_Snapshot.pdf	application/pdf	123.7 KB	03/26/2025 01:08:PM
NMTC_Public_Data_Release_includes_FY_2022_Data_final.xlsx	application/vnd.openxmlformats-officedocument.spreadsheetml.sheet	1.9 MB	03/26/2025 01:07:PM

Project Citation:

Community Development Financial Institutions Fund, and United States Department of the Treasury. NMTC Public Data Release: 2003-2022 Summary Report and Data File. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-03-26. https://doi.org/10.3886/E224361V1

Project Description

Project Title: NMTC Public Data Release: 2003-2022 Summary Report and Data File

Summary: The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) today released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation from fiscal year (FY) 2003 to FY 2022. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual report detailing how they invested Qualified Equity Investment (QEI) proceeds in Low-Income Communities. These reports must be submitted to the CDFI Fund by CDEs, along with their audited financial statements, within six months after the end of their fiscal year.Key highlights from the summary report from FY2003 to FY2022 include:

$66.6 billion in NMTC investments were directed through both Real Estate and Non-Real Estate Qualified Active Low-Income Community Business (QALICBs) and investments made through other CDEs.
Allocatees provided financing to 8,024 QALICBs.
NMTC financing has been used to construct or rehabilitate over 259 million square feet of commercial real estate.
- In FY 2022, NMTC financing helped to create or rehabilitate over 10.5 million square feet of commercial real estate.
$27.6 billion in investments were made in community facility projects.
- In FY 2022, 54.9% of Qualified Low-Income Community Investments (QLICIs), which totaled more than $1.9 billion, were investments in projects with a community facility component.
17,667 units of housing that have been created are reported as affordable housing.
NMTC investments have led to the reported creation or retention of over 40,000 projected jobs and over 850,000 actual jobs in the business, construction and tenant business categories.

The summary report also documents the extent to which: (1) CDEs go beyond the minimum statutory definition of Low-Income Communities by committing to serve areas of higher distress, rural areas or targeted populations (slides 11-14); (2) CDEs leverage the NMTC to offer financing with flexible or non-traditional rates and terms (slides 15-17); and (3) CDEs commit to innovative uses of NMTC financing (slides 18-22).

Original Distribution URL: https://www.cdfifund.gov/sites/cdfi/files/2024-06/NMTC_Public_Data_Release_includes_FY_2022_Data_final.xlsx

Scope of Project

Geographic Coverage: United States

Time Period(s): 2003 – 2022

Data Type(s): aggregate data; event/transaction data

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Published Versions

V2 [2026-04-21]

V1 [2025-03-26]

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