New Markets Tax Credits

DCHA’s New Markets Tax Credit Opportunities

DC Housing Enterprises (DCHE) is a non-profit subsidiary of the District of Columbia Housing Authority and is one of the few Public Housing Authorities that the Community Development Financial Institutions Fund (CDFI) has certified as a Community Development Entity (CDE). As a CDE, DCHE originates New Markets Tax Credits (NMTC) by providing tax credits to investors in return for equity investments in businesses that serve low income communities. DCHE has received $83 million of New Market Tax Credits allocations since 2009 and has invested more than $450 million in community-oriented real estate and business developments. DCHE has a diverse portfolio of NMTC-financed projects that create catalytic economic impacts in low-income communities that lack private sector capital and that align with DCHA’s broader mission of creating stronger communities for low-income persons. Our projects extend direct benefits to low-income residents including many who reside in DCHA sponsored housing.