To date, NCIF has received New Markets Tax Credits (NMTC) allocations in Round II, Round VI, and Round VII totaling $128 million.

NCIF has created an innovative, three-party collaboration 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. These projects spur economic development activity, create jobs, and expand vital social services in low income communities. NCIF uses its NMTC allocation to participate in high impact transactions, with the CDFI bank providing equity or a leveraged loan.

With its NMTC allocation, NCIF is able to enhance its core investment activities, and in the process, further enhance the activities of its investees (i.e., CDFI banks). Community development banks involved in NCIF's NMTC projects are better enabled to offer their customers attractive financing, to increase low income community impact, and to participate in larger transactions than would otherwise be possible due to regulatory or capital limitations.

Specific NCIF NMTC projects can found to the right, and more information is available by clicking on the project names.

Central City Concern is a nonprofit agency that serves adults and families in the Portland metro area who are impacted by homelessness, poverty and addition. In late 2008, NCIF worked with Albina Community Bank and Wells Fargo Bank to leverage NCIF's 3-way partnership strategy between NCIF, community banks, and large traditional banks to help finance Central City Concerns purchase and renovate a former Ramada Inn hotel to repurpose the facility for the substance abuse center and 44 residential housing units. Please view some photos from the finished facility! Detailed information on the project, its impact and the 3-way partnership can be downloaded here: Rose Quarter

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