WASHINGTON, DC, January 5, 2026: The National Trust Community Investment Corporation (NTCIC) is pleased to announce that we have been awarded $70 million in New Markets Tax Credit (NMTC) allocation authority by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).
With this award, NTCIC will deploy our preservation-based community investment strategy to save and repurpose old, underutilized buildings across the country to spur economic growth and support vibrant communities. We will prioritize our NMTC allocation to projects that:
- Rehabilitate historic buildings in Deep Distress communities;
- Create economic stability by creating or retaining quality jobs that are accessible to low-income individuals; and
- Deliver a broad range of critical community services such as daycare, education, workforce training, healthcare, arts programming, and multi-service support to address the needs of underinvested communities and foster economic opportunity, stability, and revitalization.
Click below to submit your NMTC-eligible project for consideration.
We also want to congratulate our fellow awardees and look forward to working with partners across the country to support underinvested communities that need access to capital to bring new life to historic community assets.
NTCIC’s History of Impactful Investments
Since the inception of the NMTC program in 2000, NTCIC has deployed $729 million in NMTC allocation across 112 high-impact rehabilitations. These projects have created over 38,000 permanent and construction-related jobs, provided over 2,270 units of housing, and revitalized over 13.5 million square feet of historic buildings. On an annual basis, our investments in health care, education, business incubation, and community service facilities currently support over 198,000 low-income community residents.
To learn more about our New Markets Tax Credit investment process, click here.
About the New Markets Tax Credit
On December 23, the CDFI Fund awarded $10 billion in allocation authority for the calendar year 2024-2025 round of the New Markets Tax Credit Program (NMTC Program) to 142 Community Development Entities (CDEs). This is the largest allocation in the program’s history and will stimulate economic growth and empower private-sector investment in distressed communities.
This year’s $10 billion award will drive private investment into communities that lack access to capital, especially in rural America, and is expected to accelerate job creation in sectors such as manufacturing and small business. The NMTC Program will leverage billions more in private capital, multiplying the impact of federal investment, and will support critical infrastructure, business financing, and community facilities, including rural hospitals and health care facilities.
The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to CDEs for targeted investments in eligible areas. The Program was recently made a permanent part of the U.S. tax code through the One Big Beautiful Bill Act (OBBBA).
Over its history, the NMTC Program has facilitated $77 billion in qualified equity investment and $143 billion in total development financing across more than 8,900 urban, suburban, and rural low-income community businesses. These investments have created more than 1.2 million jobs nationwide.