Financing & Incentives

New Markets Tax Credits Program

The New Markets Tax Credit (NMTC) program is a federal program administered by the U.S. 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

By-Laws

Certificate of Incorporation

Code of Ethics

Disposition of Personal Property Policy

Members, Directors, Committees and Officers of NYCNCC

Mission Statement

Performance Measurements - FY2015

Procurement Policy

Procurement Report - PARIS FY2015

Whistleblowers Policy

Annual Report

PARIS Annual Report- FY2015

Financials

Budget & Financial Plan - PARIS FY2017

Budget & Financial Plan - PARIS FY2016

Certified Financial Audit - PARIS FY2016

Certified Financial Audit - FY2016

Certified Financial Audit - FY2015

Certified Financial Audit- PARIS FY2015

Internal Control Assessment - FY2016

Internal Control Assessment - FY2015 (Auditor)

Investment Report - PARIS FY2016

Investment Report - PARIS  FY2015

Investment Guidelines Policy

PARIS Annual Report - FY2016

NYC Neighborhood Capital Corporation Governing Board Agendas

NYCNCC Meeting Agenda 12.14.17

NYCNCC Meeting Notice 12.14.17

NYCNCC Governing Board Agenda November 2017

NYC Neighborhood Capital Corporation special meeting notice 11.28.17

NYC Neighborhood Capital Corporation Board Resolutions

May 2, 2017 Board Resolution

September 29, 2016 Board Resolution

September 29, 2015 Board Resolution

June 25, 2015 Audit Committee Meeting Minutes

May 27, 2015 Board Resolution

February 27, 2015 Board Resolution

September 30, 2014 Board Resolution

September 19, 2014 Board Resolution

August 6, 2014 Organizational Resolution

August 6, 2014 Board Resolution

News & Updates

Contact Info

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