New updates have been reported about Rural Development Partners.
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Rural Development Partners (RDP) has secured $90 million in New Markets Tax Credit (NMTC) allocation authority from the U.S. Department of the Treasury’s CDFI Fund, marking the firm’s fourteenth NMTC award and bringing its cumulative allocation to approximately $906.7 million. As a national Community Development Entity focused on rural America, RDP plans to deploy this new allocation to lower capital costs, improve liquidity, and catalyze job creation for businesses and nonprofits operating in low-income rural communities, with a particular emphasis on strengthening supply chains and addressing food insecurity. CEO Dan Helgeson described the award as a mandate to continue scaling high-quality employment opportunities and expanding access to healthy food across underserved regions.
The award is part of a record $10 billion NMTC allocation round, with the program now permanently embedded in the U.S. tax code through the One Big Beautiful Bill Act, creating a more stable, long-term pipeline for private capital into distressed markets. Historically, NMTC investments have attracted about $8 in private-sector funding for every $1 of federal allocation and, since 2000, have supported $77 billion in Qualified Equity Investments, $143 billion in total development financing, more than 8,900 projects, and over 1.2 million jobs nationwide. RDP intends to amplify the impact of its allocation through its Community Investment Program, which layers matching private grants alongside NMTC transactions and leverages local Community Advisory Boards to target workforce training, recruitment, and retention needs. For executives and capital providers, the combination of a sizable new allocation, permanent program status, and RDP’s national footprint positions the organization as a key intermediary for structuring impactful, tax-advantaged financing in rural markets.