Congress established the New Markets Tax Credit (NMTC) Program as part of the Community Renewal Tax Relief Act of 2000 to encourage investors to make investments in impoverished, low-income communities that traditionally lack access to capital. The NMTC provides investors (individuals, financial institutions, other corporations, etc.) with a tax credit for investing in communities that are economically distressed or consist of low-income populations. Federal NMTCs help accomplish three objectives: 1. bring additional funding into low-income communities, 2. bridge funding gaps in projects, and 3. provide strong returns on investment to those willing to risk their capital. The federal government benefits from NMTCs through jobs creation, while states benefit by having more taxpayers in the state pool and a higher property tax base from property improvements. An additional benefit is the reduction of urban sprawl and the improvement of living/working conditions in previously distressed communities.