FEDERAL NEW MARKETS TAX CREDIT FUNDS
Certified as a Community Development Entity by the US Treasury Department, AMCREF has received eight allocations of Federal New Markets Tax Credits (NMTC) totaling $437.5 million. These funds are used to finance operating businesses located in Low-Income Communities (LICs). AMCREF targets startup, early-stage, and innovative businesses and projects that generate employment opportunities while providing environmental, economic and community benefits.
AMCREF targets the following industries:
AMCREF focuses on the Southern U.S. in general and rural communities in particular.
STATE NEW MARKETS TAX CREDIT FUNDS
AMCREF has been awarded over $80 million in state-targeted NMTCs and has particular expertise combining state NMTCs with federal NMTCs. We have worked in Alabama, Florida, Kentucky, Mississippi and Nebraska.
OPPORTUNITY ZONES FUND
The Opportunity Zones program is a community development finance tool designed to incentivize long-term investments in economically distressed and capital-starved communities by providing tax benefits to investors. Included in the Tax Cut and Jobs Act of 2017, the program allows individual and corporate investors to defer and reduce taxes on capital gains by reinvesting those proceeds into Opportunity Zones via Qualified Opportunity Funds.
AMCREF manages a Qualified Opportunity Fund (QOF) and is actively seeking high impact eligible prospective projects and investors interested in deferring and reducing their capital gains tax liability. Our track record and proven ability to effectively implement a federal economic development program makes AMCREF uniquely qualified to navigate the regulatory intricacies of investing in Opportunity Zones. As fund managers, we assist stakeholders and investors with fund documentation, accounting and administrative services, asset management and servicing, compliance testing and reporting, and initial and ongoing impact assessments.