What is NTCIC’s Involvement in the New Market Tax Credit Program?
Community Development Entities have unique investment strategies and areas of focus. Some CDEs focus their deployment efforts in particular communities or cities, while others focus on particular investment types, such as real estate investments, or operating businesses.
As a CDE, NTCIC has the authority to offer New Markets Tax Credits to our investors in exchange for equity in real estate development projects located in low-income communities that fit NTCIC’s investment criteria.
Using the capital from our investors’ equity investments, we make loans and investments to historic preservation and adaptive reuse efforts in low-income communities at substantially better rates and terms with more flexible features than the market typically offers. These investments support project tenants by reducing rent pricing, providing capital for programming, or purchasing equipment. We work with our investment partners, project developers, and the local community to set, measure, and track project community impacts such as job creation, job quality and accessibility, program participation, and overall community support.