Today, President Obama released his FY14 budget proposal detailing his federal spending priorities. Among the many items included, the President proposed to permanently reauthorize the New Markets Tax Credit (NMTC) program at an annual amount of $5 billion. This represents another show of support for the NMTC program, which has helped many Community Health Centers generate additional equity for their projects.
The NMTC program is slated to announce a new round of allocation credits later this month. Contact Capital Link today to learn more about the program and how it may benefit your health center’s capital project. For more information about the program and to learn how it works, health centers and PCAs can access Capital Link’s recently released Spotlight on Capital Resources: New Markets Tax Credits here: http://www.caplink.org/resources/publications.