Located in the Gulf Coast, AMCREF Community Capital is dedicated to assisting in the recovery efforts after natural and environmental disasters such as Hurricanes Katrina and Rita, and the 2010 Gulf of Mexico Oil Spill. AMCREF has received four allocations of New Markets Tax Credits (NMTC) from the US Treasury Department totaling $162.5 million to help foster economic development in communities adversely impacted by these events.

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AMCREF 2010 NMTC Fund 
                                        
Fund Size $42 million
Status Actively investing
Geographic Focus Alabama, Florida, Louisiana, Mississippi, North Carolina and Texas with an emphasis on rural areas
Mission/Objective Support and grow businesses in the Southeast that create jobs while providing environmental benefits to LICs, and help the Gulf Coast recover from the effects of the 2010 Gulf of Mexico Oil Spill.
Targeted Industries Renewable energy; biofuels; green manufacturers; businesses adversely impacted by the Gulf Oil Spill; environmental remediation businesses involved in oil spill and wetland recovery; businesses and research institutions working to prevent and/or mitigate the effects of future environmental disasters; education, community or medical centers incorporating green building practices; and energy efficiency and pollution reduction projects.
 
AMCREF 2008 NMTC Fund   

Fund Size $48.5 million
Status Closed 
Geographic Focus Alabama, Louisiana, Mississippi and Texas with an emphasis on rural areas  
Mission/Objective Support startup and early-stage businesses in industries that create quality jobs while helping to diversify and rebuild the Gulf South economy.
Targeted Industries Renewable energy, technology, disaster recovery, and public safety and services infrastructure.
 
AMCREF 2006/2007 NMTC Gulf Opportunity Zone Fund

Fund Size $72 million
Status Closed 
Geographic Focus Gulf Opportunity Zone portions of Alabama, Louisiana and Mississippi (areas adversely impacted by Hurricanes Katrina and Rita)  
Mission/Objective Help communities that were impacted by Hurricanes Katrina and Rita by financing innovative companies and projects that: 1) diversify the regional economy; 2) rebuild smarter and more sustainably; and 3) help displaced residents return to their communities and jobs.
Targeted Industries Cleantech; renewable energy; biofuels;, energy efficiency and reliability; recycling; storm-resistant building technologies; and businesses rebuilding smarter and more sustainably after Hurricanes Katrina and Rita.
Go Zone Map

AMCREF is designated as a certified Community Development Entity (CDE) under the US Department of the Treasury's NMTC program and therefore is accountable to the communities it serves. Please submit your comments via our community feedback form.