About NTCIC
Mission
The National Trust Community Investment Corporation (NTCIC) makes equity investments in real estate projects that qualify for federal historic tax credits and when available, state historic tax credits and New Markets Tax Credits. NTCIC works with a wide variety of property owners including for-profit developers, nonprofit organizations and local governments. Its focus is on projects that have a high economic impact on the surrounding community.
Track Record
NTCIC’s primary investment vehicles are National Trust Community Investment Funds I and II. Since its inception in 2000, NTCIC has placed more than $144 million in 33 properties ranging in total development cost from $500,000 to $105 million. NTCIC also pioneered the "twinning” of historic tax credits and New Markets Tax Credits (NMTC's) in 2003, was the first “Community Development Entity” (CDE) to sign a NMTC allocation agreement, and was the first to report a Qualified Equity Investment to the CDFI Fund of the US Treasury. It has closed the most twinned transactions of all NMTC allocatees. In addition to providing additional NMTC equity to projects through its own allocation, NTCIC also helps tax credit investors and CDEs find investments through its National Trust New Markets Partners Program.
Our Partners
The National Trust Community Investment Corporation’s primary investment partner has been Bank of America. It has also completed transactions and has ongoing investment relationships with Chevron Texaco and National City Bank. NTCIC has a close working relationship with Tax Credit Capital (TCC) and a marketing agreement with TCC’s National Trust Small Deal Fund. NTCIC is a wholly owned for-profit subsidiary of the National Trust for Historic Preservation, the leading nonprofit advocate for historic preservation in the United States. All NTCIC profits are upstreamed to the National Trust to support its many preservation-based community development programs including the National Trust Main Street Center and the National Trust Loan Fund.
Our Staff
NTCIC staff have expertise in a range of syndication transactions, including single-entity and master-tenant legal structures, and bring in-depth experience closing deals with for-profit, nonprofit, and public sector developers. As pioneers in twinning the New Markets Tax Credit and historic tax credit, NTCIC accounting and finance staff are uniquely qualified to manage all aspects of New Markets compliance and asset management.
Our Board of Directors
NTCIC's Board of Directors provide NTCIC with governance that emphasizes the maintenance of a responsive, customer friendly investment process, and a set of products that meets the needs of the historic and New Markets Tax Credit industries. Because NTCIC is a certified Community Development Entity, the Board is also structured to assure a high level of accountability to low-income communities. Board members have a mix of business and professional backgrounds that include for-profit real estate development, historic tax credit syndication, real estate law, venture capital, commercial and community development loan underwriting, nonprofit management and historic preservation.