Real Estate
New Markets Tax Credit

Affordable financing for high impact community real estate projects.

New Markets Tax Credit

Our Impact

  • $129 million invested in commercial real estate projects in low income communities
  • More than 900,000 square feet of new or rehabilitated non-profit community facility spaces financed
  • Facilities serve more than 500,000 low-income clients
  • More than 2,000 construction and 1,000 permanent jobs created or retained
  • $225 million in additional capital leveraged with our financing

Our Focus

  • Non-profit community facilities providing services (such as education, healthcare, food, shelter, etc.) to low-income communities.
  • Economic development projects that catalyze low-income neighborhoods, such as grocery stores located in "Food Deserts" where nutritious foods are not available.

Key Project Criteria

  • $5 million minimum project size.
  • Located in a qualified low-income census tract in California.
  • Projects involving new construction or substantial rehabilitation of commercial space. Not for housing.
  • Must provide clear and substantial benefits to low-income populations including significant construction and borrower jobs.

Click here for Detailed Project Criteria

 
Opportunity Fund invested $11.5 million to renovate the historic Mission Clubhouse.
Boys and Girls Club of San Francisco- Opportunity Fund invested $11.5 million to renovate the historic Mission Clubhouse.
Opportunity Fund invested $9.6 million to support 68 homes
Habitat for Humanity East Bay- Opportunity Fund invested $9.6 million to support 68 homes

For more information:

Jeff Wells
Vice President, New Markets Fund Director

$129

million

invested in commercial real estate projects in low-income communities