New Markets Tax Credits - Dallas Development Fund

The City of Dallas Office of Economic Development, through its Community Development Entity (CDE) Dallas Development Fund (DDF), administers allocations of New Markets Tax Credits (NMTC) from the US Department of the Treasury. Created in 2009 by the Dallas City Council, DDF is a non-profit organization affiliated with the Office of Economic Development that uses NMTC to provide equity funding for real estate, corporate expansion, and social service projects in traditionally under-served communities.

Under the NMTC financial structure, investors (generally corporations) purchase federal income tax credits from CDEs. The credit they receive is 39 percent of the original investment, claimed over seven years, and serves as a benefit to the qualified NMTC project. 

Availability


To date, DDF has received five allocations, in 2009, 2012, 2014 and 2017 and 2022 for a total of $240 million. DDF's most recent allocation award is for $55 million, and DDF will issue a call for projects in the upcoming months to consider projects under this award.

Dallas New Markets Tax Credits Eligible Areas

DDF Project Dashboard

Image of DDF dashboard including map, and charts of projects by council districts and year completed

Click on the image above or use this link to explore the interactive dashboard of Dallas Development Fund projects.