MILLION Through our affiliate, City First New Markets Fund, City First has financedÂ a number of largescale, transformational real estate projects that encourage growth in distressed communities. City First has financed more than 40 high-impact, catalytic projects with investments of up to $25 million per transaction. Most NMTC customers are nonprofit organizations that build, own, and occupy their facilities, ranging from health clinics to charter schools as well as recreation and educational facilities to arts and performance venues.
CITY FIRST BANK OF DC
City First is a seven-time awardee of the New Markets Tax Credit Program, and has become a premier NMTC facility lender, operating in six states â€“ DC, Maryland, Virginia, North Carolina, Delaware and Pennsylvania. To date $468 million in NMTC allocations have been awarded to City First.
In 2015 City First was awarded $50 million in NMTC allocation from the CDFI Fund.
Published on Aug 10, 2016