New Markets Tax Credit Program
The City of Dallas created the Dallas Development Fund (DDF) in 2009 as a non-profit organization to seek a New Markets Tax Credit allocation. DDF has been awarded a $85 million allocation under the 2009 and 2012 NMTC programs. These funds have been committed to seven projects across Dallas. DDF was also awarded a $45 million allocation under the 2014 program awards. As of November 2016, DDF has $6 million in allocation available.
The NMTC program is a federal program operated by the Department of Treasury that provides opportunities for new development in traditionally underserved areas. The program provides NMTC investors with a 39% federal tax credit payable over seven years. These investments are partnered with additional funds for businesses and real estate development in Low Income Communities.
If you have a project that you would like considered for NMTC funding, please complete the online NMTC eligibility form or download a hard copy on the right. This form is the first step in the DDF NMTC process.
For a full-size version of the NMTC eligible areas in Dallas, click on the image or download from the link on the right.