$42 Million NMTC Funding for 500 Affordable Habitat Homes

Howard Smith, JD and Donna Smith, JD, co-founders of Smith NMTC, started their business in 2008 with a focus and a Model for using New Markets Tax Credits (NMTCs) investments to increase building capacity for aggregated smaller affordable housing developers (Multi-QALICBs), specifically Habitat for Humanity affiliates.

Using this model, Smith NMTC with its strategic partners, CEI Capital Management LLC (CCML) and U.S. Bank, provided a total of $42 million in NMTC funding to 21 Habitat for Humanity affiliates, enabling them to build 500 homes for hardworking Habitat Partner Families in low income communities in 16 states (Connecticut, Missouri, Nebraska, Colorado, Florida, Michigan, Washington, Arizona, West Virginia, California, Ohio, Oregon, Tennessee, Texas, Wisconsin and North Carolina).

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