NMTC Giving Meals on Wheels San Francisco Room to Grow

NMTC Giving Meals on Wheels San Francisco Room to Grow

2019

New Markets Tax Credit, a program of the U.S. Treasury’s CDFI Fund, is designed to help attract private capital to support community development efforts. This article illustrates how Capital Impact used NMTCs to facilitate the financing of a Meals on Wheels kitchen in San Francisco—even though it is one of the most expensive U.S. cities in which to build. This support will help the program provide more than two million meals to needy residents.

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