March 1, 2012
NDC has been using New Markets Tax Credits (NMTC) to support economic and community development for five years. We not only provide tax credit equity to our client communities’ projects, but we also help communities structure their NMTC deals, find the necessary additional financing, and develop relationships with other organizations that receive allocations of the tax credits (Community Development Entities or CDEs) to provide NMTC equity when we cannot. We have strong relationships with other CDEs and frequently work in partnership with them to ensure that projects have sufficient NMTC equity. Our strong investor relationships and experience working with both public and private financing tools ensure that our projects get done. We are currently working with client communities to invest our most recent $110 million allocation of NMTCs.
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