New Markets Tax Credits

We use this tax credit allocation to finance historic rehabilitation projects located in severely distressed low-income communities that provide significant community impact and are consistent with our preservation-based community development mission.

Allocatee since Round 1 of the NMTC Program
NTCIC is the proud winner in 10 rounds, the pioneer for "twinning" of HTCs with NMTCs.
$523MM in NMTC Allocation
NTCIC has invested in 71 projects and in a range of business types, including charter schools, health centers, job training centers and small business incubators. NMTC investments have created over 8,800 jobs; another 2,945 are projected from projects under construction. NTCIC has set aside 10% of our allocation for our Main Street Small Deal Fund to provide smaller investments (less than $2 million) in projects that qualify for HTC and NMTCs

Are you rehabilitating a building in a low-income census tract?