Services
What are you looking for?
New Markets Tax Credits
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.
To date NDC has:
- Received $486 million in NMTC allocation
- Invested $346 million in 44 projects generating over $752 million in total investment
- Invested in projects in 20 states
- Invested in projects creating or retraining over 4,600 jobs
- Worked with both for-profit and not-for-profit developers
- Completed projects in both urban and rural communities
- Invested in a wide variety of projects ranging from a community center in the South Bronx, NY, to a truck parts manufacturer in Council Bluffs, IA
The NMTC has become a major resource for community and economic development of all kinds and community and economic development professionals need to know how to access and use this tool for the benefit of their communities. NDC has responded by adding ED 515 - New Markets Tax Credits to our training curriculum. This intensive three-day session is designed to take the mystery out of this powerful economic development tool. Participate in this exciting NDC course and begin applying the NMTC to your pressing economic development needs.
Shoreway Commerce Park: Bringing Industry Back
Shoreway Commerce Park, a $20 million project, will turn a former truck manufacturing site into a logistics and distribution hub for the Cleveland metro area. The project is expected to support 13 full-time equivalent construction-related jobs, retain 30 existing jobs and create 45 new jobs within three years of construction completion.
Steven L. Green StreetSquash Community Center
This new 18,700 square foot building in New York City’s Harlem is StreetSquash’s first permanent home. The innovative urban youth enrichment program, which teaches 7th-12th graders squash while promoting their academic success and engaging them in community service, spent its early years with no home of its own, moving from borrowed space to borrowed space.
Compass Center
When Compass Center, an important transitional housing and homeless service center in Seattle’s distressed Pioneer Square neighborhood was destroyed in the 2001 Nisqually Earthquake, the city and community wasted no time in planning its repair.
Subscribe to Newsletter
Stay in Touch: 
