New Markets Tax Credits

NTCIC supports historic revitalization efforts across the country through the provision and investment of New Markets Tax Credits (NMTC).

Since its inception in 2000, NTCIC has provided over $1.6 billion in capital to over $6 billion in catalytic tax credit investments nationwide, including New Markets Tax Credits (NMTC). To date, NTCIC has received $683 million in NMTC allocation and has supported 90 high impact rehabilitation efforts across the country. These projects have created nearly 30,000 jobs, provided nearly 2,000 units of housing, and revitalized over 9 million square feet of historic buildings.

Deployment Strategy

NTCIC utilizes a preservation-based community investment strategy of saving and repurposing old, blighted buildings across the country to spur economic growth and support vibrant communities. With this year’s award, we will prioritize deploying our NMTC allocation to projects that:

  • Rehabilitate historic buildings in severely distressed LICs
  • Create quality and accessible jobs
  • Are at least $5 million in total development costs
  • Support small business growth, incubation, and revitalization
  • Include mixed-income and affordable housing opportunities
  • Support community facilities that provide healthcare, education/workforce training, or services for children