What kind of projects qualify for a NMTC?
• The regulations are very broad as to what type of projects would qualify. For example the projects can be such things as a human services organization, or a business such as a shopping center, hotel, manufacturing facility, office space, a school, childcare facility, health care facility, etc, etc. It helps to keep in mind that the basic concept of the NMTC program is to encourage developers to build infrastructure in low income communities. • There are a few businesses that do not qualify: golf courses, country clubs, massage parlors, hot tub or sun tanning facilities, race tracks or other gambling facilities, or any store whose principle purpose is the sale of alcoholic beverages for consumption off premises.
