Great news for Native communities: an NMTC allocation of $50 million!

We are thrilled to be able to continue financing catalytic projects throughout Indian Country. We heard last week that Travois New Markets received a $50 million allocation in New Markets Tax Credits.

The U.S. Department of the Treasury announced $7 billion of New Markets Tax Credit (NMTC) awards, and we are the only national CDE that received an NMTC allocation that will dedicate it solely to serving American Indian, Alaska Native and Native Hawaiian communities. That means economic development projects in Native communities will benefit from this allocation.

We want to thank all of our partners, our advisory board and the CDFI Fund.

We’re looking for economic development projects that are sponsored by tribal nonprofits or governments, Native-owned for-profit businesses and individual Native entrepreneurs in American Indian, Alaska Native and Native Hawaiian communities. We will focus investment on rural areas in all 50 states.

If you are working on a Native-focused project and need our assistance, please contact us.

This is our fourth award. In 2012, we received a $70 million award; in 2009, we received an $80 million allocation, and in 2007, we received a $30 million allocation.

Since then leaders in American Indian, Alaska Native and Native Hawaiian communities have utilized our NMTC allocations to build community centers, businesses and infrastructure projects across America. We are incredibly proud to have financed past projects in these Native communities.

For more information about New Markets Tax Credits, view the CDFI Fund’s fact sheet.