November 18, 2020
Twain Financial Partners works closely with its investors and partners to spur economic growth in low-income communities by providing financing to businesses in targeted areas. As a result of Twain’s financing track record in low-income communities, Twain has applied for allocation through the Federal New Markets Tax Credit (NMTC) program in order to deepen our impact in these geographies. The NMTC program helps economically distressed communities attract private capital by providing investors with tax credits. Private investments facilitated by these tax credits are then used to finance businesses and reinvigorate under-served areas.
Since 2016, Twain has provided over $107 million of financing to NMTC-eligible businesses in low-income communities. To date, the allocations have helped finance 30 projects in 19 states.
Twain’s loans to disadvantaged businesses and communities have created thousands of jobs in a variety of industries, including:
- Community facilities
- Healthcare
- Hospitality
- Mixed-use real estate
- Office and event spaces
- Retail
Our NMTC footprint spans the country with projects in 19 states, including:
- California
- Colorado
- Connecticut
- District of Columbia
- Illinois
- Kansas
- Kentucky
- Louisiana
- Michigan
- Maryland
- Missouri
- Nebraska
- North Carolina
- Ohio
- Oklahoma
- Rhode Island
- Texas
- Virginia
- Wisconsin
Regardless of Twain’s ability to obtain allocation through the NMTC program, we will continue to invest in low-income communities with competitive financing options that provide businesses the financial support they need to succeed.
Learn more about New Markets Tax Credits at Twain.