NEW MARKET TAX CREDIT (NMTC) FUNDS
In 2002, Integral created and sponsored, Integral Urban New Markets CDE, a USDT certified Community Development Entity (CDE). Integral Urban New Markets CDE's mission is to positively impact and be accountable to Low Income Communities in which we serve.
The U.S. Department of Treasury's Community Development Financial Institutions (CDFI) Fund has completed 4 rounds of NMTC Allocations since the program’s inception in 2000. Out of the 824 total applications for Tax Credit Allocations, only 170 requests resulted in actual allocations. Not only was Integral Urban New Markets one of the successful allocates, but it has been awarded two separate allocations – for a total of $57 Million in Tax Credits and investment capacity.
