The New Markets Tax Credit Program is a part of the Community Renewal Tax Relief Act of 2000. The Program's purpose is to make approximately $15 billion in investment capital and loans available to businesses in qualifying low income communities, termed "Qualified Active Low Income Community Businesses." Most investments to date under the Program have been used for commercial real estate rehabilitation or new commercial real estate construction. The attorneys in our Tax and Commercial Practice Groups are experienced at representing Qualified Active Low Income Community Businesses which have benefited from the New Markets Tax Credit Program.