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New Market Tax Credits

New Market Tax Credits (NMTC) promote economic development in rural and urban low-income communities by increasing the amount of investment capital available. The City of Denver, in partnership with the Colorado Housing and Finance Authority and the Colorado Enterprise Fund, offers New Markets Tax Credit financing through the Colorado Growth and Revitalization (CGR) Fund, a community development entity. Since 2005, the CGR Fund has used $75 million NMTCs to help finance projects in underserved communities throughout Colorado.