April 2023
Nonprofit organizations (NPOs) that serve low-income communities often have difficulty raising funds to pursue their missions. The COVID-19 pandemic made fundraising even more difficult. Many NPOs are still struggling to return to their pre-pandemic financial state. The New Markets Tax Credit (NMTC) program may offer a way for NPOs in low-income communities to obtain funds. Congress has extended the program through 2025, so there is time to explore this option. Read on to learn more about the NMTC program and how it could benefit your organization.
