New Markets Tax Credits - District of Columbia Housing Authority

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Partnerships

As a Certified Community Development Entity, DCHE partners with mission-oriented developers, community organizations, government affiliates and investors to finance projects that create a multiplier effect through direct economic investment activities in underserved communities here in the District of Columbia. DCHE engages local and national partners to support NMTC investments that yield long term benefits for low-income persons.

US Bank U.S. Bancorp Community Development Corporation (USBCDC) is the largest NMTC Investor in the industry. DCHE have been partners with US Bank since 2011 having invested more than $45 million in NMTCs with US Bank. DCHE will continue to strengthen our relationship with US Bank and other investors such as JPMorgan Chase, PNC Bank, and SunTrust to ensure the District of Columbia benefits from NMTC investment opportunities that help deliver jobs and important amenities to communities that need them the most.

New Markets Tax Credit Coalition The partnership DCHE has formed with the New Market Tax Credit Coalition has been instrumental in helping to advance the PATH legislation that members of Congress approved which authorized a 5-year extension and NMTC allocation authority of $17.5 billion. The NMTC Coalition is a strong advocate for strengthening low-income communities across the country and DCHE will continue to support their efforts to permanently incorporate NMTCs into the IRS tax code.

We Are Washington DC DCHE works closely with the Office of the Deputy Mayor for Planning & Economic Development (DMPED) and other local agencies to ensure that all resources that support economic development are invested in a manner that maximizes economic outcomes for low income communities in the District of Columbia. DCHE NMTC investments have also received funding from the DMPED and other local agencies and DCHE will continue to coordinate our investment efforts with local partners.