New Markets Tax Credits

Incentives for
Economic Development

MetaFund’s New Markets Tax Credits (NMTC) program helps attract flexible private investment to high-impact economic development projects in historically underinvested communities. Using tax credit allocation from the CDFI Fund of the US Department of the Treasury, MetaFund facilitates private investment to increase the availability and decrease the cost of capital for projects that support strong, equitable communities.

Our Focus

MetaFund specifically targets projects in severely distressed census tracts (red areas on this map) in Oklahoma, with a focus on:

  1. Manufacturing companies that create a large number of quality jobs (strong wages, benefits, and training) that are accessible to individuals without advanced education requirements,

  2. Healthcare projects that improve access to quality care, particularly in medically underserved areas,

  3. Quality education projects that contribute to a reduction in poverty.

We can provide NMTCs to metropolitan projects and real estate development projects, but we also have a strong focus and prioritization on equipment financing for projects located in rural areas. MetaFund also prioritizes projects with demonstrable community support that are large enough ($5 million or more) to significantly impact the economic base of the surrounding community.

*DISCLAIMER: Please note the loan terms presented on this website are for informational purposes only and should not be treated as a binding loan offer. We retain the right to revise or modify these terms without prior notification. To inquire about a formal loan offer, please contact our team directly, who will consider your unique financial situation and provide accurate and up-to-date information.

Our Terms

Financing terms fluctuate based on the private investment raised for each project, but generally include below-market interest rates, no origination fees, extended interest-only and amortization periods, and an option to convert a portion of the loan to permanent equity. Together, we estimate these benefits create a benefit to the project equal to 30-50% of the allocation amount received.

Our Impact

In its lifetime, MetaFund has deployed over $300 million of NMTC allocations to historically underinvested communities across Oklahoma.

These investments have contributed to significant impacts including the creation of over 5,000 jobs, thousands of adults and children served with educational and health care services and over $140 million of additional capital catalyzed from NMTC transactions.

We focus on projects located within severely distressed metropolitan and distressed rural areas. This Eligibility Map from Novogradac identifies these areas in red.

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Recent NMTC Investments

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