New Markets Tax Credit

Driving investment in low-income and underserved communities.

Customized solutions for your unique business needs and support for your project’s goals

Whether serving as an investor, leverage lender or community development entity (CDE), our experienced professionals have the knowledge and expertise to understand your project’s objectives, anticipate your needs and offer beneficial connections with other business partners in the industry.


  • Invested in 300+ projects across the United States, including Washington, D.C., Puerto Rico and American Samoa

  • $4B invested since 20051

  • Experience in a wide variety of project types, including mixed-use real estate, not-for-profit and tribal

Industry leadership

  • Committed to maximizing the economic benefit of each project to ensure the greatest community impact

  • Seasoned team of professionals regarded as thought leaders and beacons in the industry

  • Operational support backed by the strength of a Top 10 Commercial Bank2


How we serve

  • ​​​Increase access to food and shelter for those in need
  • Provide healthcare services and education programs for children and their families

  • Create quality jobs in communities across the country



Our Commitments

Impact initiative

Our community investments are guided by a joint strategy—one designed to support a more inclusive society, build thriving communities and create financial tools that enrich the lives of those in low-income situations.


Connecting communities through food

Deepening our commitment to building thriving communities, Capital One served as a New Markets Tax Credit investor in Farm Fresh Rhode Island’s $13 million project to develop a 60,000-square-foot market and fresh food distribution center.
View full case study >


Head shot of Spencer Gagnet

Spencer Gagnet

Managing Director, Head of Tax Credit Finance

Head shot of John Chamberlain

John Chamberlain

Managing Director

Commercial Insights