Financing & Incentives

New Markets Tax Credits Program

New York City Neighborhood Capital Corporation

The New Markets Tax Credit (NMTC) program is a federal program administered by the US Department of Treasury Community Development Financial Institutions (CDFI) Fund.

The New Markets Tax Credit (NMTC) program is a federal tax credit program administered by the US Department of Treasury Community Development Financial Institutions (CDFI) Fund that is designed to generate private-sector capital investment in low-income communities.The program permits taxpaying investors to receive a credit against federal income tax liability in exchange for making qualified equity investments (QEI) in designated Community Development Entities (CDEs). Substantially all of the qualified equity investment must in turn be used by the CDE to provide investments to projects and businesses in low-income communities.

NYCEDC facilitates the use of the New Markets Tax Credit program for the financing of projects in low-income communities through NYC Neighborhood Capital Corporation and strategic collaborations with a number of national CDEs. NYCEDC works to identify NMTC-eligible projects as defined by the NMTC program statute and regulations and the presence of a funding gap.

Eligibility

Developers of projects requiring acquisition, construction, and major rehabilitation of commercial, industrial, community facility, and mixed-use residential developments in low-income communities are eligible for the NMTC program. NMTC program provides financing to eligible projects, typically in the form of loans or equity investments.

NYC Neighborhood Capital Corporation Financial & Public Documents

NYCNCC Statements & Documents

Acquisition and Disposition of Real Property Policy

Board Structure

Board Meeting Attendance - FY2018 

Board Performance Evaluation - FY2018 

By-Laws

Certificate of Incorporation

Code of Ethics

Disposition of Personal Property Policy

Members, Directors, Officers and Advisory Board Members of NYCNCC

Committee Members of NYCNCC

Mission Statement

Performance Measurements - FY2017

Procurement Policy

Producrement Report - PARIS FY2017

Whistleblowers Policy

Annual Report

PARIS Annual Report - FY2017

PARIS Annual Report - FY2016

Financials

Budget & Financial Plan - PARIS FY2019

Budget & Financial Plan - PARIS FY2018

Certified Financial Audit - PARIS FY2017

Certified Financial Audit - PARIS FY2016

Certified Financial Audit - FY2017

Certified Financial Audit - FY2016

Internal Control Assessment - FY2017

Internal Control Assessment - FY2016

Investment Report - PARIS FY2017

Investment Report - PARIS FY2016

Investment Guidelines Policy

NYC Neighborhood Capital Corporation Governing Board Agendas

NYCNCC Board Meeting Agenda - June 21, 2018

NYCNCC Special Meeting Notice - June 21, 2018

PUBLIC NOTICE NYCNCC DIRECTORS - May 3, 2018

PUBLIC NOTICE NYCNCC MEMBERS - May 3, 2018

NYCNCC Board Meeting Agenda - May 3, 2018

NYCNCC Member Meeting Agenda - May 3, 2018

NYCNCC Meeting Notice - February 1, 2018

NYCNCC Governing Board Meeting Agenda - February 1, 2018

NYCNCC Meeting Notice - December 18, 2017

NYCNCC Meeting Agenda - December 18, 2017

NYCNCC Governing Board Agenda - November 2017

NYC Neighborhood Capital Corporation Special Meeting Notice - November 28, 2017

NYCNCC Board Meeting Agenda - September 13, 2018

NYCNCC Special Meeting Notice - September 13, 2018

NYC Neighborhood Capital Corporation Board Resolutions

Governance Board Meeting Minutes - June 21, 2018

Audit Committee Meeting Minutes - May 22, 2018

Governance Board Meeting Minutes - May 3, 2018

Governance Board Meeting Minutes - February 1, 2018

Governance Board Meeting Minutes - December 18, 2017

Governance Board Meeting Minutes - November 28, 2017

Governance Board Meeting Minutes - October 2, 2017

Audit Committee Meeting Minutes - September 18, 2017

Governance Board Meeting Minutes - August 3, 2017

Governance Board Meeting Minutes - July 13, 2017

Audit Committee Meeting Minutes - July 11, 2017

Board Resolution - June 16, 2017

Board Resolution - May 2, 2017

Governance Board Meeting Minutes - January 27, 2017 

Board Resolution - January 26, 2017

Board Resolution - August 1, 2016

Board Resolution - September 29, 2016

Board Resolution - September 29, 2015

Audit Committee Meeting Minutes - June 25, 2015

News & Updates

Contact Info

For more information about the NMTC program and project eligibility, please contact [email protected].