New Markets Tax Credit Eligibility Data on PolicyMap

TRF’s PolicyMap now allows you to map New Market Tax Credit eligibility in just two easy steps! Simply enter your project’s address, zip code, or census tract and overlay the NMTC eligibility layer you need. If you don’t have an address but have a basic sense of the project’s location, just select the data layer you want and zoom in on the map. It’s that easy!
In addition to meeting basic NMTC eligibility, determine if a project location qualifies as severely distressed by meeting any one of the following primary characteristics identified by the CDFI Fund: a median family income at or below 60% of AMI in 2000; a poverty rate at or above 30% in 2000; or a combined NMTC eligible status with an unemployment rate of at least 1.5 times the national unemployment rate in 2000. PolicyMap allows you to overlay any one of the three primary characteristics over the project location. For those who want to follow a more stringent measure of severe distress, PolicyMap allows you to determine if your project location meets all three primary characteristics.

PolicyMap also offers the secondary criteria used to determine if a location is severely distressed. Map areas that meet basic NMTC eligibility, plus any two of the following factors at any time: meets NMTC Heavy Distress requirements; is located within: an SBA Designated HUB Zone, a CDFI Fund Hot Zone, a Medically Underserved Area (MUA), a Federal Renewal Area, a High Migration Rural County, a Census tract within which a Brownfield is located, or an ARC/DRA Distressed Area.

All of this data is available for free to any internet user. PolicyMap subscribers can additionally download more contextual data and run reports about the markets surrounding their target areas. Check out PolicyMap at www.policymap.com. Register, sign up for a demo or get a FREE trial to see how PolicyMap may be helpful for you going forward.