NMTC

Accion Opportunity Fund is pleased to announce it was awarded a new $60 million allocation under the U.S. Treasury Department’s New Markets Tax Credit (NMTC) program. 

You already know about AOF’s small business lending program, which has been making small-dollar loans to small and micro-businesses since 1995. Today, we want to do a deep dive into a different program we operate: the New Markets Tax Credits (NMTC) program.

Accion Opportunity Fund is pleased to announce the closing of $16 million in New Markets Tax Credit (NMTC) investment for Compass Health, Northwest Washington’s behavioral healthcare leader.

Creating jobs and housing in San Antonio

Accion Opportunity Fund receives $55 million New Markets Tax Credit Allocation to continue supporting job creation and nonprofit neighborhood facilities

Accion Opportunity Fund Receives $55 Million New Markets Tax Credit Allocation to Continue Investment in Nonprofit Community Facilities.

Despite its profound impact, the program has been up for renewal on a periodic basis, and after the current 1-year extension, the NMTC program is, once again, at risk of being eliminated. It’s crucial now, more than ever, that Congress moves to make the New Markets Tax Credit program permanent. 

Learn more about our project with Union Gospel Mission of Salem, the largest provider of meals and shelter for the homeless in Salem, Oregon.

We are excited to announce its first investment in Oregon, a $13 million expansion of Northwest Human Services, a non-profit Federally Qualified Health Center and a vital part of the social safety net in Salem, Oregon.

Recently, Accion Opportunity Fund staffers Gabe V. and Chris H. visited the district offices of Congressional representatives where Opportunity Fund has New Markets Tax Credit (NMTC) projects, to advocate for an extension to the NMTC program, which expires at the end of the 2019 government fiscal year.