New Markets Tax Credits

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City First Bank is an eight-time awardee of New Markets Tax Credit authority totaling $543 million. We’ve financed more than 50 high-impact catalytic projects with investments of up to $24 million per transaction, and leveraged over $1.6 billion in total development costs through our affiliate, City First New Markets Fund ll, LLC.

Our NMTC customers include nonprofit organizations, such as education, healthcare and social service providers; for-profit businesses; and thousands of housing developers and investors across the country ready to build or enhance facilities that enable the expansion of goods and services in low-income communities. We specialize in connecting historically excluded communities with the foundational capital and resources required for success.

We walk with you, step by step. In addition to competitive interest rates, easy-to-use toolboxes and online banking, your CityFirst team assists you in analyzing your companies’ management experience, relevant technical expertise, credit worthiness, current investments and ability to repay based on projected cash flow and profits.