by Ronald A. Bell, Partner, Peck, Shaffer & Williams LLP and Mary L. Groves, Partner, Peck, Shaffer & Williams, LLP, CRHC Classic Sponsors

The New Markets Tax Credit Program (“NMTCP” or “Program”) and the applicability of new markets tax credits (“NMTCs” or “tax credits”) as a financing tool for healthcare facilities is a new trend under discussion in many circles. The NMTCP may be used to finance various types of capital projects related to the healthcare industry (e.g., data centers, surgical units, clinics, expansions) if located in eligible jurisdictions. This article gives a general overview of how NMTCs may be used to help meet capital financing needs.