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NM
New Markets Tax Credit (NMTC) Small Loan Pool – Nonprofits
Flexible below-market financing for eligible nonprofit organizations located in low-income communities, with potential principal forgiveness after a seven-year term.
About this program
Visit the program website for full details.
Eligibility
Nonprofit organizations qualifying as Active Low-Income Community Businesses in designated low-income communities in New Mexico. Projects between $500,000 and $4 million.
Requirements
- Organization must be located in a designated low-income community
- Must qualify as an Active Low-Income Community Business
- Project financing between $500,000 and $4 million for Small Loan Pool