Food Bank News reported on March 12, 2025

Tax Program Behind OFS Construction

There’s no doubt that food banks have been getting bigger in recent years, with every quarter bringing news of more food banks opening new, larger warehouses.

Partly behind the surge in growth has been a powerful federally funded financing tool called the New Markets Tax Credit program. Although the program is set to expire at the end of this year, its success, combined with broad bipartisan support for it, signals that the tax credits may continue to play an important role in helping food banks expand their footprints.