The Treasury Department just awarded $5 billion in New Market Tax Credits (NMTCs) to 100 recipients. Not all of them support charter schools, but 13 of the recipients have previous charter school experience. These 13 groups received $710 million in tax credits. For details or more information on New Market Tax Credits, check out our earlier blog posts here and here. Over 300 charter schools have benefitted from NMTCs since 2001 when the program was created. You can find the full list of recipients on the CDFI’s website here. Since 2001, $60 billion in tax credits have been awarded to over 120 CDEs. In an ideal world, a school would have contacted one of these groups back in the application stage. But it’s never too late to ask. Here are the 13 groups:
- BlueHub Capital
- Capital Impact Partners
- Chase
- Community Loan Fund of New Jersey
- Florida Community Loan Fund
- Hope Enterprise
- IFF
- LISC
- LIIF
- PNC
- Raza Development Fund
- Reinvestment Fund
- US Bank