We’re thrilled to share that Enterprise was awarded $55 million in New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department’s Community Development Financial Institutions Fund. This is our 15th award and marks over $1.1 billion we’ve received since the program started.
On Friday, our managing director of New Markets Tax Credit work Leah Rogan was onsite at Lexington Market in Baltimore City to join Maryland Senators Ben Cardin and Chris Van Hollen, and director of the Treasury’s CDFI Fund Jodie Harris to celebrate the announcement.
Enterprise was a proud partner on the rejuvenation of Lexington Market – one of the oldest and most iconic public markets in the nation – with $5 million in NMTC allocation along with $7 million in debt financing from our community development financial institution.
Enterprise uses NMTC investments to finance a broad spectrum of high-impact developments across the country. Our investments have created 35,000 jobs, facilitated 1.5 million health care visits and developed or rehabbed 11.5 million square feet of community facility space.
Learn more about our NMTC program.