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New Markets Tax Credits

New Market Tax Credits in Action: The Low Country Food Bank

New Market Tax Credits in Action: The Low Country Food Bank

In a significant step toward addressing food insecurity in South Carolina’s rural communities, the Lowcountry Food Bank (LCFB) is constructing a new 20,000-square-foot distribution center in Hampton County. This transformative project, made possible partly through New Market Tax Credits (NMTC) from the South Carolina Community Loan Fund (SCCLF), will dramatically improve food access for residents across the region’s most vulnerable communities.

SCCLF’s 2020 NMTC Allocation

SCCLF’s 2020 NMTC Allocation

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced last week that South Carolina...