Interested in learning more about Tax Credits? This section contains resources on understanding the basics of Tax Credits.
The Low Income Housing Tax Credit: How It Works and Who It Serves
The Low-Income Housing Tax Credit (LIHTC) is a complex but crucial tool for the production and preservation of affordable rental housing. In this report, the Urban Institute outlines the basics of the LIHTC program, including how it works, the various partners involved, how financing is structured, how investors benefit from the program, and who lives in the LIHTC properties.
Historic Tax Credits - Community Development Fact Sheet
This Community Developments Fact Sheet summarizes certain aspects of the Historic Tax Credit (HTC) program for national banks and federal savings associations (collectively, banks) and explains how HTCs may be used to support a bank’s affordable housing and community development strategies.
New Markets Tax Credit Summary Report - FY 2003 to FY 2017Members only Login
The CDFI Fund requires all CDEs that have been awarded NMTC allocations to submit an annual report detailing how they invested Qualified Equity Investment (QEI) proceeds in low-income communities. The Summary Report categorizes all CDE investments utilizing the North American Industry Classification System (NAICS) from FY 2003 - FY 2017.
Search the map below for tax credit programs by state. This specialized search is part of
CDFA's State Financing Program Directory, the only online resource cataloging the development finance programs offered by state governments. Click on a state to see a sample of state tax credit programs available. Login with a CDFA Member account at the top of the page to view full results.
CDFA Food Systems Finance Best Practices Guidebook
Linking development finance and food systems can be a daunting undertaking for any community. Research on the current ecosystem of food systems finance has positioned CDFA to identify key strategies for the path ahead in this work. The Food Systems Finance Best Practices Guidebook defines how traditional development finance tools can be used to launch and expand food and agricultural-related businesses and projects, and create successful food systems finance programs at the local and regional levels.
Community Investment Explorer Tool 2.0Members only Login
Developed by the Federal Reserve Bank of St. Louis, the newly enhanced Community Investment Explorer (CIE) 2.0 includes over 73 million transactions totaling over $3.2 trillion in community and economic development capital from 2012 to 2020. This interactive tool allows users to find out where capital is going, how equitably is it being distributed, and for what purpose is it serving.
CDFA Food Finance White Paper Series: Advancing Food Systems Through Development Finance
This is the sixth and final white paper in a series examining the potential creation of a food systems asset class that supports the market growth of local and regional food systems. This paper presents three replicable strategies for restoring local food systems: reframe food systems development as infrastructure and economic development; build effective relationships and partnerships across the entire food system; and plan for strategic food system financing.
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Tax Credit Finance Reference Guide
Written in conjunction with Ice Miller LLP, the Tax Credit Finance Reference Guide examines how to effectively apply tax credits to development opportunities, and explains the basics of tax credits and the fundamentals of using these tools. In addition, the guide walks through the pros and cons of using tax credits along with the guidelines for completing due diligence, performance monitoring, and benchmarking success. This comprehensive Reference Guide discusses in detail the primary tax credits available at the federal level, along with certain state tax credit programs, and includes numerous case studies of successful tax credit projects.
Practitioner's Guide to Economic Development Finance
The Practitioner's Guide to Economic Development Finance 2nd Edition is the only comprehensive resource dedicated to building and utilizing the development finance toolbox. The Practitioner's Guide provides the insight and practical information needed to critically understand how economic development is financed and the tools, strategies and techniques used to build strong communities. From bonds, tax increment finance and special districts to tax credits, seed & venture capital, revolving loan funds and much more, this Guide outlines the financing tools required for succeeding in today's competitive economic development climate.
Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency
Unlocking Capital: A Handbook for Becoming a High Performing Development Finance Agency (Handbook) serves as a companion to the Practitioner’s Guide to help illuminate the structures of development finance agencies (DFAs), essential conduits to access development finance tools. The Handbook provides an overview of DFAs and their myriad roles in various development efforts. Included in this discussion is a comprehensive look at over a dozen high-performing DFAs throughout the country. The Handbook is designed to be a starting point for local leaders to engage in the creation or acceleration of a DFA to build and utilize the development finance toolbox.
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CDFA Food Systems Finance Webinar Series: Driving Food Systems Investment with Tax Credits
September 24, 2024
2:00 PM - 3:30 PM Eastern
In this installment of the CDFA Food Systems Finance Webinar Series, we will look at tax credit programs that allow businesses and investors to claim a tax credit for committing resources to a food system project or business. We will also explore how these tools can catalyze investment in communities that have historically been discriminated against.
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Intro Tax Credit Finance WebCourse
September 25-26, 2024
Daily: 12:00 PM - 5:00 PM Eastern
The Intro Tax Credit Finance WebCourse examines the application of tax credit programs in greater economic development finance efforts. This course discusses the practical application of tax credit programs including brownfields, new markets, low-income housing, historic preservation, and state-specific programs.
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CDFA State Rundown: Tax Credits in Ohio
January 8, 2025
11:00 AM - 12:00 PM Eastern
CDFA State Rundown: Tax Credits in Ohio will introduce this area of development finance tools, with a strong focus on federal tax credit programs as well as a discussion about the importance of state and local tax credits. This event will explore different ways tax credits can be used to attract investment and catalyze growth in specific industries and geographies.
Register
CDFA State Rundown: Tax Credits in Pennsylvania
January 8, 2025
1:00 PM - 2:00 PM Eastern
CDFA State Rundown: Tax Credits in Pennsylvania will introduce this area of development finance tools, with a strong focus on federal tax credit programs as well as a discussion about the importance of state and local tax credits. This event will explore different ways tax credits can be used to attract investment and catalyze growth in specific industries and geographies.
Register
CDFA State Rundown: Tax Credits in Florida
January 15, 2025
1:00 PM - 2:00 PM Eastern
CDFA State Rundown: Tax Credits in Florida will introduce this area of development finance tools, with a strong focus on federal tax credit programs as well as a discussion about the importance of state and local tax credits. This event will explore different ways tax credits can be used to attract investment and catalyze growth in specific industries and geographies.
Register
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CDFA Reframe, Build, Plan: Restoring America's Local Food Systems
CDFA released the final publication of the CDFA Food Finance White Paper Series, Advancing Local Food Systems Through Development Finance. This webinar provides an overview of this publication as we review CDFA's framework for expanding traditional financing and attracting capital to local food systems through the Reframe, Build, Plan approach.
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