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New Markets Tax Credits

Financing Transformational Projects in Underserved Communities.

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Who's It For Why It Matters Our Expertise Our Process Success Stories Start a Conversation
Interior Courtyard of the Packing House building in Cambridge, MD
New Markets Tax Credits

Catalyzing Investment in Underserved Communities

NTCIC’s New Markets Tax Credit (NMTC) program helps bring transformative capital to neighborhoods that need it most through historic preservation. We work with mission-driven partners to finance projects that adaptively reuse historic buildings, creating jobs, expanding services, and fostering long-term economic growth.

Since inception, we have received over $700 million in NMTC allocation to support projects across the country that have  created thousands of jobs in the process. Our flexible financing solutions make complex projects possible and impactful. Together, we’re building stronger, more resilient communities across the country. 

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Who It's For

For Partners Building Stronger Communities, Together

With New Markets Tax Credits, mission-driven organizations and investors can bring vital projects to life in communities that need them most. This financing tool is designed for initiatives that wouldn’t happen without NMTC, unlocking capital for  high-impact development.

Nonprofits & Mission-Oriented Developers

NTCIC’s New Markets Tax Credit investments are made in projects that are ineligible, unqualified, or have otherwise exhausted opportunities for traditional financing. These investments provide non-traditional and flexible terms compared to conventional financing to ensure borrowers and tenants of the revitalized space receive investment benefits such as below-market rents and lowered interest rates.

Impact-Driven Investors

In exchange for investing in NTCIC selected projects, our investors are awarded credits against their federal tax obligations. They can claim their allotted tax credits over seven years for a total of 39% of the New Markets Tax Credit project.

Small Businesses & Local Communities

New Markets Tax Credits enable NTCIC and our investment partners to support a variety of projects that support manufacturing, arts access, educational opportunities, food, retail, housing, health, technology, energy, education, and childcare in low-income communities. This in turn provides jobs as well as improved access to community facilities and commercial goods and services within these communities.
An Ethiopian restaurant startup supported at the Westside Bazaar in Buffalo, NY - a New Markets Tax Credit Investment by NTCIC
Why It Matters

Financing Opportunities Where Traditional Capital Falls Short

NMTC financing ensures that projects with deep social and economic impact move forward, even in communities where private investment is scarce. By pairing private capital with community priorities, NMTC helps close persistent gaps in health care, education, housing, and small business development.

Why it Matters Now

  • Many historic buildings in low-income neighborhoods remain vacant despite their potential to anchor revitalization.
  • Rising construction costs and limited traditional financing create barriers for mission-driven projects.
  • Communities face urgent needs for affordable childcare, health services, and workforce training.
  • The New Markets Tax Credit is one of the most effective federal tools to catalyze investment where it’s needed most.
Expert Insight

“The New Markets Tax Credit is a catalyst. It makes the impossible possible by bringing private investment into projects that transform communities.”

Heather Buethe
Senior Director of Project Management
Our Expertise

Let Us Help You Invest Where It's Needed Most.

Community Development Entities (CDEs) seek out private and corporate investors to make equity investments in exchange for the ability to claim and utilize the credit against their annual tax liability.

CDEs then use the equity provided by the investor to make qualified investments in eligible low-income census tracts to support transformational real estate developments that bring vital goods and services to communities.

Our Process from Intake to Impact.
A Clear Path to Impact

Our Process from Intake to Impact.

Our proven process takes projects from concept to completion with clarity, efficiency, and a focus on measurable community outcomes. We combine disciplined underwriting with mission alignment to maximize results.

Learn About our Investment Approach Learn About our Investment Approach

Project Intake

Identifying High Impact Investments

We evaluate eligibility and community impact.

Structuring

Completing the Capital Stack

NTCIC designs a financing package tailored to project needs.

Investor Engagement

Working with an Expert Team

We raise equity through trusted investment partners.

Closing

Efficiency & Confidence

Funds are deployed efficiently to keep projects moving forward.

Ongoing Support

Ensure Catalytic Impacts

We provide compliance oversight and impact measurement.

Success Stories

New Markets Tax Credit at Work

Renovation of Harlem’s Iconic Cultural Landmark
The Apollo Theater
“The groundbreaking marks the beginning of a new chapter in The Apollo’s journey—a curtain drop in every sense of the word – taking us from a place of reverence to a place of relevance.”
Michelle Ebanks
President and Chief Executive Officer of The Apollo Theater Foundation, Inc.
The Apollo Theater

Renovation of Harlem’s Iconic Cultural Landmark

The renovation of the Apollo Theater preserves its historical and cultural legacy while upgrading and modernizing its facilities.

$64.5 Million
Total Project Cost
$14.8 Million
Federal & State Historic Tax Credits
$8 Million
New Markets Tax Credits
10%
Annual Performance Growth
About This Project

More Success Stories

Bring Us Your Vision

Whether you’re in the early stages of planning or ready to move your special project forward, NTCIC is here to help. We bring capital, experience, and mission-driven focus to community developments that matter. Reach out to start a conversation and explore how we can work together to bring your vision to life.

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Bring Us Your Vision