Enhanced Community Development Awarded $65 Million in New Markets Tax Credit Allocation from U.S. Treasury Department

Rhea-AI Summary

Enhanced Community Development (PX) was awarded a $65 million New Markets Tax Credit allocation by the U.S. Treasury CDFI Fund on January 13, 2026, part of Treasury's combined $10 billion NMTC awards for the 2024–2025 rounds to 142 CDEs. This brings Enhanced Community Development's cumulative federal NMTC allocation since 2006 to $560 million. The company has deployed over $830 million in federal and state NMTC investments across more than 140 projects, supporting manufacturing, healthcare, education, and community centers. The NMTC Program historically leverages about $8 of private investment per federal credit and supported over 888,200 jobs through FY 2023.

Positive

• $65M NMTC allocation awarded (Jan 13, 2026)
• Cumulative federal NMTC allocation of $560M since 2006
• Deployed $830M+ in NMTC investments across 140 projects
• Part of Treasury's $10B combined NMTC awards to 142 CDEs
• NMTC historically leverages $8 private investment per $1 federal

Negative

• None.

News Market Reaction – PX

-1.36%

1 alert

-1.36% News Effect

On the day this news was published, PX declined 1.36%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New NMTC allocation: $65 million Cumulative NMTC allocation: $560 million Program round size: $10 billion +5 more

8 metrics

New NMTC allocation $65 million Awarded to Enhanced Community Development by CDFI Fund

Cumulative NMTC allocation $560 million Total federal NMTC allocation since 2006 across eleven awards

Program round size $10 billion Total NMTC allocations to 142 CDEs for 2024–2025 rounds

Program tax credits $81 billion Total NMTC tax credits awarded historically

Private investment leverage $8 per $1 Private investment generated for every $1 of federal credit

Jobs supported 888,200+ jobs Jobs created or retained through FY 2023 by NMTC Program

Commercial real estate 268 million sq ft Commercial real estate space supported through FY 2023

NMTC investments deployed Over $830 million Federal and state NMTC investments across 140+ projects

Market Reality Check

Price: $10.54 Vol: Volume 270,867 is below 2...

normal vol

$10.54 Last Close

Volume Volume 270,867 is below 20-day average 369,754 (relative volume 0.73x). normal

Technical Price 10.29 is trading below 200-day MA at 10.91, indicating a weaker intermediate trend before this news.

Peers on Argus

PX was down 0.39% while key asset-management peers like VRTS (+2.28%), GSBD (+0....

PX was down 0.39% while key asset-management peers like VRTS (+2.28%), GSBD (+0.22%), DSL (+0.35%), GAM (+0.68%), and BTT (+0.13%) were up, suggesting stock-specific dynamics rather than a sector-wide move.

Common Catalyst Only one peer (VRTS) had same-day news on assets under management, not indicative of a broad sector catalyst.

Historical Context

5 past events · Latest: 2026-01-06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
2026-01-06	International expansion	Positive	+0.5%	Announced new Dubai office to deepen Middle East client engagement.
2025-12-18	Recognition/awards	Positive	+0.8%	RCP Advisors recognized on prominent best-places-to-work lists.
2025-11-06	Strategic investment	Positive	-1.8%	Bonaccord minority investment to expand Kingswood’s capital base.
2025-11-06	Earnings results	Positive	-1.8%	Q3 2025 results with revenue growth and dividend declaration.
2025-10-15	Earnings scheduling	Neutral	-3.1%	Announcement of timing and access details for Q3 2025 release.

Pattern Detected

Recent news skewed positive but price reactions were mixed, with some strategic and earnings updates followed by negative moves.

Recent Company History

Over the last few months, PX highlighted expansion and capital formation, including a new Dubai office on Jan 6, 2026 and workplace awards for RCP Advisors on Dec 18, 2025, both followed by modest gains. Earlier, a strategic minority investment in Kingswood Capital and Q3 2025 earnings on Nov 6, 2025 coincided with -1.8% moves, as did the Q3 earnings scheduling release on Oct 15, 2025 with a -3.14% reaction. Today’s NMTC-related announcement fits within a pattern of corporate and capital-related updates.

Market Pulse Summary

This announcement highlights an additional $65 million NMTC allocation to Enhanced Community Develop...

Analysis

This announcement highlights an additional $65 million NMTC allocation to Enhanced Community Development, bringing cumulative federal allocations to $560 million and more than $830 million deployed across 140+ projects. It reinforces the firm’s role in channeling capital into economically distressed communities while sector peers trade independently of this news. Investors may watch how this capacity influences future project flow alongside PX’s ongoing corporate developments and recent branding change disclosed in the latest 8-K.

Key Terms

new markets tax credit, cdfi fund, community development entities, federal tax credit

4 terms

new markets tax credit financial

"awarded a $65 million New Markets Tax Credit (NMTC) allocation from the U.S."

A new markets tax credit is a federal incentive that gives investors a dollar-for-dollar reduction in their tax bill in exchange for providing capital to businesses and projects in low-income communities. Think of it like a multi-year rebate that improves an investment’s after-tax return and makes riskier community development projects more financially attractive, so investors can both earn returns and support local economic growth.

cdfi fund regulatory

"allocation from the U.S. Treasury Department's CDFI Fund."

A CDFI Fund is a U.S. Treasury program that provides certification, grants and other financial support to banks, credit unions and lenders that focus on low-income or underserved communities; think of it as a government-backed boost for institutions that aim to direct capital where it’s most needed. Investors care because CDFI certification and awards can improve a lender’s access to capital, lower financing costs, enhance credibility with impact-minded buyers, and signal potential growth in community-focused lending opportunities.

community development entities financial

"NMTC allocations to 142 Community Development Entities (CDEs) covering the combined"

Community development entities are organizations that channel investment into economically underserved neighborhoods by pooling funds, selecting local projects, and managing how the money is used. They matter to investors because they open access to opportunities and often associated tax incentives or impact goals, combining potential financial returns with community benefits—think of them as a matchmaker connecting capital to local development projects while managing risk and compliance.

federal tax credit financial

"economically distressed communities through a federal tax credit."

A federal tax credit is a dollar-for-dollar reduction in the amount of tax a person or business owes to the national government, typically offered to encourage activities like clean energy, research, or hiring. For investors, tax credits act like a direct rebate that increases a company's after-tax cash flow and can materially improve project returns, valuations, and the attractiveness of investments compared with alternatives.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 13, 2026 /PRNewswire/ -- Enhanced Community Development, LLC, a subsidiary of Enhanced Capital Group, LLC, announced that it was awarded a $65 million New Markets Tax Credit (NMTC) allocation from the U.S. Treasury Department's CDFI Fund. The award is part of Treasury's $10 billion in NMTC allocations to 142 Community Development Entities (CDEs) covering the combined 2024–2025 rounds. With this award, Enhanced Community Development's cumulative federal NMTC allocation since 2006 totals $560 million across eleven awards.

Created in 2000, the NMTC Program is designed to attract private investment to economically distressed communities through a federal tax credit. Treasury paired recent awards with updates to keep the program focused on community revitalization and strong compliance standards.

"We're honored to receive this $65 million allocation," said Richard Montgomery, Managing Partner at Enhanced Capital. "The NMTC Program remains a practical way to bring private capital to projects that expand essential services, create and retain jobs, and revitalize local economies. This allocation expands our capacity to finance projects in both urban and rural communities nationwide."

Historically, the NMTC Program has generated approximately $8 of private investment for every $1 of federal credit and has awarded $81 billion in tax credits.¹ Through FY 2023, the program supported the creation or retention of over 888,200 jobs and over 268 million square feet of commercial real estate.²

"This allocation positions Enhanced Community Development to continue financing high-impact projects in both metropolitan and non-metropolitan areas," said Catherine Blume, Director at Enhanced Capital. "We will remain focused on projects that expand access to services, create and retain quality jobs, and foster long-term economic resilience."

To date, Enhanced Community Development has deployed over $830 million in federal and state NMTC investments across over 140 projects nationwide, including manufacturing facilities, healthcare providers, educational institutions, and community centers.

About Enhanced Community Development
Enhanced Community Development ("ECD"), a subsidiary of Enhanced Capital, is a federally designated Community Development Entity focused on the financing needs of businesses and developments located in or serving low-income communities. ECD proudly participates in the federal New Markets Tax Credit (NMTC) Program and a variety of state NMTC Programs. ECD is an Equal Opportunity Provider. Since 2006, ECD has deployed $830 million in federal and state NMTC allocation to job-creating businesses and organizations in economically distressed communities.

About Enhanced Capital
Enhanced Capital Group, LLC is a private credit investment manager founded in 1999 focused on Project Finance and Small Business Lending.

From inception through September 30th, 2025, inclusive of proprietary assets and assets managed by affiliates, Enhanced Capital has raised a total of $6.7 billion. Enhanced Capital's investments support over 1,000 projects and businesses across 40 states, Washington DC, and Puerto Rico.

Enhanced Capital is a part of P10, Inc. (NYSE: PX), a leading private markets solutions provider with over $40 billion in assets under management as of September 30, 2025. P10 invests across Private Equity, Private Credit, and Venture Capital in access-constrained strategies, with a focus on the middle and lower-middle market. P10's products have a global investor base and aim to deliver compelling risk-adjusted returns. For more information, visit www.enhancedcapital.com or www.p10alts.com.

1. The New Markets Tax Credit Program Award Book Calendar Year 2024 - 2025, United States Department of the Treasury Community Development Financial Institutions Fund. Dec. 2025.
2. "New Markets Tax Credit Program." United States Department of the Treasury Community Development Financial Institutions Fund. Accessed 8 Jan. 2026.

Disclaimer
Enhanced Capital Group, LLC, and its affiliates, is an Equal Opportunity Provider. The information presented is for discussion purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product, or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.

For media inquiries or further information, please contact:
Info@enhancedcapital.com

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SOURCE Enhanced Capital

FAQ

What did Enhanced Community Development (PX) receive on January 13, 2026?

Enhanced Community Development received a $65 million New Markets Tax Credit allocation from the Treasury CDFI Fund.

How much cumulative federal NMTC allocation does Enhanced Community Development (PX) have since 2006?

The firm's cumulative federal NMTC allocation since 2006 totals $560 million.

How many projects and how much has Enhanced Community Development (PX) deployed using NMTC funds?

Enhanced Community Development has deployed over $830 million across more than 140 projects.

How does the NMTC Program's leverage metric relate to this award for PX?

Historically, the NMTC Program has generated about $8 of private investment for every $1 of federal credit.

What broader Treasury NMTC action included PX's $65M allocation?

PX's award is part of Treasury's combined $10 billion NMTC allocations for the 2024–2025 rounds to 142 community development entities.