NCIF recently closed two New Markets Tax Credit (NMTC) deals, one in rural Pikeville, KY, and another in Kansas City, MO. Both deals leverage NCIF's innovative, three-party strategy between itself, community development banks, and institutional investors to jointly invest in real estate and non-real estate transactions in rural, urban and tribal communities throughout the country. NCIF is confident that these projects will spur economic development activity, create jobs, and expand vital social services in their communities.

More specific information on each project can be found below and by clicking on the project names.

Pikeville College of Osteopathic Medicine - Pikeville, KY
CDBI Bank Partner
Community Trust Bank
Large Bank Partner
US Bank
NCIF NMTC Investment
$10 Million
Summary
The Pikeville, KY project is with the University of Pikeville-Kentucky College of Osteopathic Medicine, and is centered on the construction of clinical facilities that will expand much-needed medical training and services to the surrounding rural community.

39Rainbow - Kansas City, MO
CDFI Bank Partner
Central Bank of Kansas City
Large Bank Partner
US Bank
NCIF NMTC Investment
$8.25 Million
Summary
The Kansas City, MO project is the first phase of the 39Rainbow development near Kansas University Medical Center which will create 10,000 square feet of retail space and a hotel that will provide both services and jobs for the "highly distressed" surrounding area (Poverty level: 22.9%), and long overdue supporting facilities for the University of Kansas Hospital and Medical Center

CDFI Scale and Sustainability

CDFIs and Job Creation

CDFI Bond Guarantee Program

CDP Project

Keynote Address by CDFI Fund Director Donna Gambrell

2010 Conference Summary

2009 Conference Summary

January 2010 Newsletter

Keynote Addresses from Annual Development Banking Conference

2009 CDFI Fund FA Awards