Smith NMTC

Revitalizing communities and expanding homeownership opportunity through the strategic use of New Market Tax Credits.

[Novogradac @NovogradacNews]

In the final session at #NovocoNMTC in NOLA, panelists discuss using the NMTC in for-sale housing, highlighting what they call an incredibly impactful and often overlooked use of the credit.

[Smith NMTC @NmtcSmith]

Happy #NationalHomeownershipMonth! Homeownership enables families to accumulate wealth through equity and appreciation, tax advantages, secured borrowing, and built-in savings.

[Novogradac @NovogradacNews]

That's a wrap on our 2024 #NovocoNMTC conference in D.C. Thanks to our co-hosts, sponsors, exhibitors, speakers and 400+ attendees! Congrats again to all of the Novogradac Journal of Tax Credits QLICIs of the Year awardees and our inaugural winner of the Robert E. Ibanez Award.

[Smith NMTC @NmtcSmith]

Purchasing a home is the largest and most important financial decision in a person’s lifetime—so what happens when someone’s English language skills harm their ability to buy a home?

Read more on our blog today:

https://t.co/Z0adhvUtpg

[Smith NMTC @NmtcSmith]

“Over the past two decades, America has done far too little urban development—and far too little suburban and rural development as well,” writes @AnnieLowrey.

More from @TheAtlantic here:
https://t.co/qbEnucEqZS

#housingcrisis #government #urbandevelopment

[Smith NMTC @NmtcSmith]

During and after the #housingmarket crash, many homebuilders and tradesmen closed their businesses and found other jobs. When Americans started buying homes again, building levels stayed below normal, leading to a lack of housing stock.

Read more: https://t.co/hLRUW9bL59

[Smith NMTC @NmtcSmith]

Older adults need more options for affordable homeownership in order to successfully manage the burden of housing and care, according to new research from @Harvard_JCHS.

https://t.co/5NrcGrIVv3

#housing #homeownership #olderadults

[Smith NMTC @NmtcSmith]

Join @NCSTorg for their webinar, "The Secrets of New Markets Tax Credits in Middle Neighborhoods," featuring Smith's Co-Founder and Executive Vice President Donna Smith today at 12pm EST.

Register now: https://t.co/asinseJUqZ

#housing #homeownership #nmtc

[Smith NMTC @NmtcSmith]

Many women of color are left out of homeownership opportunities: In 2019, 70 percent of white female-headed households were homeowners, compared to 59 percent, 45 percent, and 40 percent for Asian, Hispanic, and Black female-headed households.

More here: https://t.co/i0wU7YslxM

[Smith NMTC @NmtcSmith]

We're thrilled to announce the closing of an $11 million New Markets Tax Credit-supported loan for @OPFoodSearch, a St. Louis hunger-fighting nonprofit.

Read more here:
https://t.co/ZBw3iOWH4h

#communitydevelopment #stlouis

[Smith NMTC @NmtcSmith]

There is a representation crisis among real estate developers in the United States. Of the 112,000 real estate development companies in the country, just 1,000 of them are owned by developers of color.

Read more on our blog: https://t.co/EV4j04BvVK

#realestate #diversity

[Smith NMTC @NmtcSmith]

"Some experts suggest one option that could help ameliorate the challenge of affordability in the housing market—manufactured homes, which cost $129,000 on average," writes Omar Mohammed in @Newsweek.

Read more here: https://t.co/eyg9ziTMZj

#housing #housingcrisis

[Smith NMTC @NmtcSmith]

Excited to see @OPFoodSearch and @STLPartnership featured in @stlouisbiz today. We partnered with OFS to facilitate a $11M New Markets Tax Credit (#NMTC) allocation. Read more here:

[St. Louis Business Journal @stlouisbiz]

A hunger relief nonprofit in St. Louis County is expanding with a $14 million addition. https://t.co/neTenTCYTm

[Smith NMTC @NmtcSmith]

The debate between renting vs. owning in the United States is certainly not new. But in the recent aftermath of the COVID-19 pandemic, policymakers and experts need to draft new policies that prioritize homeownership.

Read more on our blog: https://t.co/zlsllatnbh

#housing

[Smith NMTC @NmtcSmith]

In December 2023, the EPA made a historic announcement: Getting rid of lead pipes that provide drinking water within the next decade.

Read more from @grist here: https://t.co/zj2BcW8b7o

#housing #leadpipes

[Smith NMTC @NmtcSmith]

In 2018, Minneapolis garnered national headlines for being the first major American city to eliminate single-family zoning. An interesting read from @TheAtlantic: https://t.co/w3AKg5O4MS

#housing

[Smith NMTC @NmtcSmith]

Curious to learn more about how you can use New Markets Tax Credits (NMTC) for affordable for-sale housing? Our website features an easy-to-use address check.

Try it here: https://t.co/LQGUhijXlR

[Smith NMTC @NmtcSmith]

We’re hiring an Applications and Compliance Director to join our team! In this role, you will work on developing and drafting New Markets Tax Credits (NMTC) Allocation Applications, and on compliance monitoring and reporting.

Apply here: https://t.co/zZ5Brjnndr

#hiring #jobs

[INHP @INHP_Home]

Celebrating #BlackHistoryMonth

We are excited to have had a part in this new initiative helping Black educators become homeowners.

https://t.co/Nlv7ZxS2jl

[Smith NMTC @NmtcSmith]

In honor of #blackhistorymonth, we'll be sharing critical stories and shining a spotlight on the tremendous inequities in housing across the United States for Black Americans.

Read more on our blog here: https://t.co/WeRiZfzXUL

#housingcrisis #wealthgap