CCML is a for profit CEI subsidiary that furthers CEI's mission by working to help attract capital to low-income areas using the federal New Markets Tax Credit (NMTC) program. CEI and CCML take a triple bottom-line approach as an NMTC program sponsor when underwriting prospective transactions, looking for strongly positive economic and community development impacts, social equity, and environmental protection.

The U.S. Treasury Department's CDFI Fund's New Markets Tax Credit Program mission is to expand the availability of credit, investment capital, and financial services in distressed urban and rural communities. Specifically, the CDFI Fund's New Markets Tax Credit Program was authorized by Congress to help attract private sector capital investment into urban and rural low-income areas to finance community development projects, stimulate economic opportunities and create jobs in areas with the greatest need.

CEI participated in the initial conceptualization and development of the NMTC initiative at the national level. CEI continues to take a progressive, leadership role as a member of the NMTC Coalition and embraces the Coalition's goal of directing NMTC resources to community development projects that create enduring opportunities for people and places traditionally outside of the economic mainstream.

CCML is using the NMTC program to create greater access to capital for real estate development and operating businesses located in eligible low-income communities, primarily in Maine, the other New England States, and New York. CEI has also now extended its NMTC services to encompass all of rural America.

• If you have a project or business that may be eligible for NMTCs (and/or needs financing), please click here.

• If you are an investor or capital source interested in placing debt or equity into an eligible project in exchange for NMTCs, please click here.

If you: would like more information about the New Markets Tax Credit program, want to find out whether a prospective project is in an eligible NMTC area, or have an interest in providing debt or equity capital in exchange for the federal income tax credits, please contact us at nmtc@ceimaine.org.