New Markets Tax Credit Program

South Dallas, and particularly the historic Bonton neighborhood, has faced decades of systemic challenges related to education, income, health, and access to opportunity. The median family income in Bonton is $24,539, with over 32 percent of residents living in poverty¹. Rates of chronic diseases are among the highest in Dallas County, and residents face the shortest life expectancy in the area².

These persistent challenges underscore the urgent need for meaningful investment and collaborative partnerships to improve the quality of life for local families. That's why Capital One - with deep roots in Dallas - is committed to investing in the people and organizations working to build lasting opportunities in Bonton and across South Dallas.

Our commitment to South Dallas includes expanding access to jobs, supporting education, driving community revitalization, increasing affordable housing, promoting small business, as well as championing financial well-being. Through both philanthropy and financing tools like the New Markets Tax Credit (NMTC) program, we're helping local organizations transform lives and neighborhoods.

Cultivating Growth in South Dallas with Bonton Farms

Bonton Farms began as a small garden and has blossomed into a beacon of resilience. Today, it encompasses two farms, a farmer's market, a café, and a coffee house - all located in the heart of South Dallas. Bonton Farms focuses on meeting seven essential human needs: transportation, education, financial tools, community, health, economic stability, and housing.

Capital One's partnership with Bonton Farms dates back several years, through grants, volunteering, and engagement from Capital One associates. Recently, associates connected with the organization about its next need - a Bonton Wellness Center. That conversation led to Bonton Farms using NMTCs to help support the center's development. Capital One is proud not only to have helped make this vision a reality, but also to have guided the organization toward more financing opportunities which turned their plans into action.