Foley & Lardner are most popular: within Coronavirus (COVID-19), Cannabis & Hemp and Insolvency/Bankruptcy/Re-Structuring topic(s) Enacted 25 years ago, the federal New Markets Tax Credit (NMTC) Program has become a powerful financing tool for health care organizations. Beyond simply offering tax credits to investors, the NMTC Program can provide health care providers a 20% subsidy to finance facility construction/renovation, equipment purchases and operating costs (including wages).