SFCIF acts as a bridge, connecting private investment dollars to high-impact projects that benefit low-income neighborhoods. Using New Markets Tax Credits (NMTCs) allocated to it by the Federal Government's New Markets Tax Credit Program (NMTC), SFCIF secures private funding through tax break incentives which it then deploys to support high-impact projects that benefit SF's economically challenged neighborhoods and communities.
New Market Tax Credit (NMTC) Program
The New Markets Tax Credit Program (NMTC Program) was established by Congress in 2000 to spur investments into projects located in low-income communities.
The NMTC Program brings private investment dollars to low-income communities by offering investors tax credits in exchange for their high-impact investment. The NMTC Program is administered by the US Department of Treasury's Community Development Financial Institutions Fund (CDFI Fund). The CDFI Fund is responsible for giving annual NMTC allocations to certified Community Development Entities (CDEs) such as SFCIF.
For more information about the NMTC Program, click here. For eligibility requirements under the NMTC program, click here.