As a CDE with a national service area, RDP is eligible to apply for an annual allocation of Federal New Markets Tax Credits (NMTCs). From 2004 through 2018, RDP has won eight NMTC awards from the U.S. Treasury totaling $541.7 million. RDP works to combine NMTCs with bank loans and tax credit investor funds to create more favorable financing solutions than are available through conventional lending and investing. To date, RDP has used NMTC financing to help more than 30 businesses and nonprofits across the nation complete projects that provide access to quality jobs and healthy foods. View our Impact
RDP seeks to serve and partner with businesses, non-profit organizations, communities, and government entities that share its mission to build public-private partnerships for catalytic job growth in rural America.
RDP’s service area is national; geography is not a limitation. For more information, see the RDP Lead Guide.
Determining if your project or community is eligible can be somewhat complex, but we would be happy to help you. First, we would encourage you to click on the on the eligibility map. This will tell you if your project or community is situated in an area where NMTCs can help. If so, please contact us with some basic information about your project.
· Community Improvement Plans: RDP translates today’s win into tomorrow’s springboard. RDP uses CIPs to help communities maximize the benefits of tax-incented business investments to keep the momentum going!
According to the CDFI Fund, from the years 2000 to 2016, every $1 invested in the NMTC Program by the Federal government has generated over $8 of private investment. See the CDFI’s 2018 NMTC Fact Sheet to learn how businesses and communities benefit from the Program.
To learn how NMTC financing works, see the RDP's memo, NMTC Basics.