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New Markets Tax Credits (NMTCs)
 
The New Markets Tax Credit (NMTC) program is nationally recognized for steering low interest, private capital into distressed census tracts to capitalize hard to fund commercial and residential projects. In an effort to capture this opportunity for the City of Miami, the Economic Initiatives Division created a Community Development Entity (CDE) called Miami Economic Development Fund (MEDF).
MEDF’s purpose is to apply for and allocate NMTCs. The CDE has collaborated with industry experts to educate and connect our local constituents to NMTC program opportunities. The MEDF is preparing to apply for a Round VII allocation of NMTCs. However, if you have an eligible project in a qualifying census tract within the City of Miami, we can also assist in matching your project with an allocate seeking projects within the Florida service area. Please contact Marcus A. James majames@miamigov.com @ (305) 416-1429 to discuss your possibilities.

Frequently asked questions

Pre-Investment Memo

 



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