O the new markets tax credit is taken over a 7 year period o the credit rate is 5 of the original investment amount in each of the first three years and 6 of the original investment amount in each of the final four years o total credit equals 39 of the original amount invested in the cde tax credit amount. Novogradacs introduction to new markets tax credits is an ideal primer for real estate professionals who are considering entering the nmtc arena or for the new hires at companies that have years of experience in investing in or lending to real estate projects or businesses in low income communities this fifth edition includes an update to the history and statistics of the nmtc program an update to the nmtc application review process requirements for narrative sections of the allocation . The new markets tax credit is taken over a 7 year period the credit rate is 5 of the original investment amount in each of the first three years and 6 of the original investment amount in each of the final four years total credit equals 39 of the original amount invested in the cde. Novogradacs introduction to new markets tax credits is an ideal primer for real estate professionals who are considering entering the nmtc arena or for the new hires at companies that have years of experience in investing in or lending to real estate projects or businesses in low income communities